ISA Limit..

will346

Hi, I'm abit confused.

I opened a new ISA account on 4th April 2011 and put in £2684.68 of new money. I gather the tax year runs from 6th April so that would have counted towards my 2010-2011 allowance.

So far this tax year, I've put in £2655.32, so as the allowance for 2011-2012 is £5340 for cash, does that mean I can still put in there £2684.68 up until 5th April 2012?? I could be wrong...

Thanks!

londoner01

I'm pretty sure that's the case as I opened a cash ISA in branch on April 5th 2011, put in £5,300 (or however much the allowance was for 2010-2011), then arranged a transfer for the next day which put in another £5,340.
(It felt very good).

Checking in branch if you're not sure always works too!

Lokolo

will346 wrote: »

Hi, I'm abit confused.

I opened a new ISA account on 4th April 2011 and put in £2684.68 of new money. I gather the tax year runs from 6th April so that would have counted towards my 2010-2011 allowance.

So far this tax year, I've put in £2655.32, so as the allowance for 2011-2012 is £5340 for cash, does that mean I can still put in there £2684.68 up until 5th April 2012?? I could be wrong...

Thanks!

Yes.

Most banks have a "Remaining Allowance" part in the ISA, so you'd see it there.

Who is it with?

will346

Thanks guys! Its the Barclays Golden ISA Issue 3. New to ISA's so abit fuzzy on details but think i'm getting my head around things eventually!