ISA Rules

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
4 replies 735 views
george2127george2127 Forumite
3 Posts
edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
Hi,

I know that you are only allowed to subscribe/pay in to one ISA per tax year and that transfers from previous tax years are not included in the £3000 allowance.

I have looked at the new Barclays ISA and noticed that it will not accept transfers from previous tax years. However, I was wondering if you could open the Barclays account and pay the £3000 allowance into that one but also open an account that accepts transfers and ONLY pay the transfer amount into it so that this doesn't affect the allowance?

I hope that this makes sense and any advice is gratefully received.

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