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ISA Advice

JohnT1963
JohnT1963 Posts: 2 Newbie
in ISAs & tax-free savings
Can someone advise me on ISA investments, I have a ISA investment which I top up every month and will continue with this through 2010 can I open another ISA investment as long as it does not exceed the limit for the year

Comments

  • Baldur
    Baldur Posts: 6,565 Forumite
    JohnT1963 wrote: »
    Can someone advise me on ISA investments, I have a ISA investment which I top up every month and will continue with this through 2010 can I open another ISA investment as long as it does not exceed the limit for the year
    Are you talking about a Cash ISA (savings) or a Stocks & Shares ISA (investments)?
  • JohnT1963
    JohnT1963 Posts: 2 Newbie
    Stocks and Shares for both investments
  • Baldur
    Baldur Posts: 6,565 Forumite
    JohnT1963 wrote: »
    Stocks and Shares for both investments
    You can only subscribe to one ISA of each type per tax year, so if you intend to continue to subscribe to your present one from 6th April, that will be the only one to which you can subscribe your 2010/11 allowance.

    See HMRC ISA FAQs - http://www.hmrc.gov.uk/isa/faqs.htm#8
  • dazeruk
    dazeruk Posts: 313
    Part of the Furniture 100 Posts Combo Breaker
    Forumite
    JohnT1963 wrote: »
    Can someone advise me on ISA investments, I have a ISA investment which I top up every month and will continue with this through 2010 can I open another ISA investment as long as it does not exceed the limit for the year


    You can do this, by adding the additional investment to your current S&S portfolio with your current provider.
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