fixed rate isa

Gray_colt

Hi guys, i have a fixed rate isa with aldermore that matures on the 7th sept, when the new tax yr begins how much can we put in and do i have to wait for my fixed isa to mature b4 i can add to it or start a new one then combine them, if thats possible? Much thanks

Lokolo

To combine them yes, you will need to wait until it matures. You can open an instant access ISA elsewhere on April 6th, this can be topped upto the maximum of £5,340.

Then come around to September 6th, Aldermore will ask you what you want to do with your ISA, you can then ask to transfer it to your new ISA.

Gray_colt

Thanks lokolo, has the limit gone up then? I thought it was £5100? We need to stick as much we can in isas hey!:beer:

Lokolo

Yes it will be going up next tax year.