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Cash ISA
skybluesaver
Posts: 294 Forumite
Hi all
I'm abit of an Isa virgin & was wondering if you may help. Am i right in believing a new cash isa can be opened each new tax year from April 5th, up to £5640 a year, so after 2 years i could have £11280 in cash isas (Not that i have that much money to save)
Was thinking of dipping my toe into the Isa market this year.
I'm abit of an Isa virgin & was wondering if you may help. Am i right in believing a new cash isa can be opened each new tax year from April 5th, up to £5640 a year, so after 2 years i could have £11280 in cash isas (Not that i have that much money to save)
Was thinking of dipping my toe into the Isa market this year.
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Comments
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yep correct, but the cash isa limit increases every year.0
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Also, the new tax year starts on 6th April 2013, and this tax year ends on 5th April 2013.
The ISA allowance for this year is £11280 (up to £5640 in cash ISA)
Next year's allowance is £11520 (up to £5760 in cash ISA)0 -
Thankyou very much, that helps a great deal
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