ISA - how many

smoo1066

I understand you can only pay in to one isa in any tax year,

But can I have 3 ISA's with 3 different providers - leaving them all open.

E.g. pay in to ISA 1 in year 1, ISA 2 in yr 2, ISA 3 in yr 3, then in yr 4, go back and pay in to ISA 1 again,
leaving them all open?

jimjames

Yes that is fine. In fact you can have 2 ISAs in one year, one cash and one shares if you wanted.

If it is a cash ISA you are thinking of you may not want to pay back into it in year 4 as the rates are unlikely to be competitive.

smoo1066

I have just transferred my old isa from Standard Life 2.3%, to halifax at 3%. I am not planning to pay in to this one in the next tax year - I have filled up my allowance for the last year already.

So I understand I can now open a new one aswell, with Santander at 3.5% - and pay in to that for the next tax year? (does not allow transfers).

But leaving my transfer money to get 3%.:D