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2 ISA's, 1 Year, Within my Allowence
robinhood2nd
Posts: 5 Forumite
Hi All
Is it possible for me to take out multiple ISA's within the same year if I stay below my Allowance??
Is it possible for me to take out multiple ISA's within the same year if I stay below my Allowance??
0
Comments
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No it's not. You cannot split your allowance.0
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you might be able to have 2 if one is a cash ISA and one is a Stocks & Shares ISA0
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As it happens, HMG are just sending out warning letters to those who start multiple cash ISAs but ONLY if the total is less than the limit; if you go over the limit, you'll be in bigger trouble.
So, it's against the rule, and you shouldn't do it, but those who do it once (accidentally or out of ignorance) will probably not be penalised.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
thanks guys0
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