Can I top up last years ISA without cutting into this years allowance?

daviduk84

Hello.

I opened a fixed rate ISA with Santander last financial year, and put in the maximum £3600. Can anyone tell me if I can top up that ISA to the £5100 limit, and still open up another ISA this financial year? If I do top up last years ISA to the new maximum, will that count against my allowance for this year?

I’d be grateful for any advice anyone can offer.

exel1966

daviduk84 wrote: »

Hello.

I opened a fixed rate ISA with Santander last financial year, and put in the maximum £3600. Can anyone tell me if I can top up that ISA to the £5100 limit, and still open up another ISA this financial year? If I do top up last years ISA to the new maximum, will that count against my allowance for this year?

I’d be grateful for any advice anyone can offer.

Quite simply, no you cant, you're too late. You can only add another £5100 for the current financial year or open a new ISA elsewhere and deposit the funds.

daviduk84

Thanks for the advice.