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ISA Limits

MiniCheddar_2

MiniCheddar_2 Posts: 2 Newbie

5 February 2011 at 4:02PM in ISAs & tax-free savings

Hi everyone im new to the site (and bit confused with my ISA).

Its an online cash ISA and i opened the account and placed the maximum in £5100 for the year in August 2010.

So if i wanted to make my next deposit do I need to wait until August 2011 or am i permitted to do so in the new tax year of April 2011?

Thanks in advance for any assistance

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Comments

blueberrypie Posts: 2,402 Forumite

5 February 2011 at 4:10PM

The tax year ends on April 5th, 2011. You can open a new ISA (or add funds to a previously-opened one) anytime from April 6th, 2011.

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MiniCheddar_2 Posts: 2 Newbie

5 February 2011 at 4:17PM

Brilliant.

Thanks!

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This discussion has been closed.

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