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
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.
0
Comments
-
yep correct, but the cash isa limit increases every year.0
-
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
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards