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Newbie to isas
Comments
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However, change your question toexactly what I was after. Thank you so much
"Then next year I can open a new ISA with another provider and deposit £10. Can I also in that same second year put £5,090 into my original ISA so to save a total of £5,100?"
and the answer is still no, even though you aren't exceeding the £5100 annual limit."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
However, change your question to
"Then next year I can open a new ISA with another provider and deposit £10. Can I also in that same second year put £5,090 into my original ISA so to save a total of £5,100?"
Nor can you split your allowance between different ISAs.
Basically you can have as many ISAs as you want but can only subscribe ( i.e. pay funds into) to one in any particular tax year.0 -
However, change your question to
"Then next year I can open a new ISA with another provider and deposit £10. Can I also in that same second year put £5,090 into my original ISA so to save a total of £5,100?"
and the answer is still no, even though you aren't exceeding the £5100 annual limit.Nor can you split your allowance between different ISAs.
Basically you can have as many ISAs as you want but can only subscribe ( i.e. pay funds into) to one in any particular tax year.
excellent than you so much :0)Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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