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ISAs longer than a year
aidso
Posts: 142 Forumite
Nationwide are offering a 14mth ISA.
If I open it now then it will run into June 2013.
Am I allowed to open a new ISA in April 2013, two months before? So I will have only opened 1 ISA in 2013 but could be technically paying into 2?
If I open it now then it will run into June 2013.
Am I allowed to open a new ISA in April 2013, two months before? So I will have only opened 1 ISA in 2013 but could be technically paying into 2?
0
Comments
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If it's something you are paying into monthly, then any payments in the 2013/14 tax year will count towards that year's allowance - so no, you can't open a new ISA in April 2013.
If you are paying in just a lump sum now, then you won't be making any payments in 2013/14 so could open a new ISA in April 20130 -
Super.
Thank you0 -
You cannot pay into two different Cash ISAs in the same tax year (unless one has been transferred into the other)We need the earth for food, water, and shelter.
The earth needs us for nothing.
The earth does not belong to us.
We belong to the Earth0
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