cash isa question

wor_kid

Hi just a quick question, cos i think ive miss understood something.

When the new tax year comes round and your entitled to another cash isa does this mean you can open another while still having the cash isa from the previous year, or is it simply just replacing the one you had from the year before?

rb10

You can open another or add your 2010/11 allowance to the same account.

Read this post for more info: http://forums.moneysavingexpert.com/showthread.html?t=2302457

wor_kid

thanks for that

Thats what i thought, but i had a letter from the bank i have my cash isa with and it was saying something along the lines of if i keep my cash isa for this next year, that i will be using up my 2010/11 entitlement. Its probably me miss reading the letter as i was in a rush at the time