We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Cash ISA limits
Comments
-
All of the descriptions on the various banking sites (as well as many financial sites) seem to suggest that it's an absolute balance limit, that you cannot under any circumstances exceed it, and that if you want to save more you need to wait for a new tax year and open another ISA.
This is actually the case so it is correct.
There is a maximum you can put into a cash ISA each year, currently £5760 and if you want to save more then you need to wait until the next tax year. Previous year's ISAs have no bearing on how much you can put in this year but that seems to be covered by the last part of the quote above anyway.Remember the saying: if it looks too good to be true it almost certainly is.0 -
Oops, it's £5,7600
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards