can i get a new ISA

fu100

hi, i already have an ISA that i have put money into and taken money out of (once)
am i able to get another one before the 6th April?
or

close the one i have an open a new one??
OR
will i have to open a new one AFTER the financial year?
thanks

Vortigern

fu100 wrote: »

hi, i already have an ISA that i have put money into and taken money out of (once)
am i able to get another one before the 6th April?

The key question is: "when did you last pay in to this account?"

fu100

i have within the last 6 months (not including the interest)

xylophone

I take it that this is your ISA for the current tax year (2011-12). You can pay a maximum of £5340 into this account within this tax year.
Suppose you had subscribed the full amount within the year but had withdrawn some money during the year - you cannot add any more to the account in this tax year.

Suppose you had subscribed £2340 during the tax year but have withdrawn £340 - you can add up to another £3000 within the tax year.

Interest added to the account by the provider does not count as your subscription.

You can transfer your existing ISA to another provider that accepts transfers in. You need to request and complete an ISA transfer form from the new provider.

http://www.moneysavingexpert.com/savings/cash-isa-transfers

Vortigern

fu100 wrote: »

hi, i already have an ISA that i have put money into and taken money out of (once)
am i able to get another one before the 6th April?

No, but you could transfer to a different provider, if your present ISA is not fixed term

or close the one i have an open a new one??

No, not a good idea, possibly not allowed either.

will i have to open a new one AFTER the financial year?

You don't have to, but you can if you want.