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Can I pay this years tax allowence into 2 ISA accounts? Half in one, half in other?

DannyWhoWorks
DannyWhoWorks Posts: 149 Forumite
in ISAs & tax-free savings
Thank you! :)

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    no....................
    EU tariff on agricultual product 12.2%
    some dairy products 42.1% cloths 11.4%
    EU Clinical Trials Directive stops medical advances
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No, you can only contribute 'new' money to one ISA per year.
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • david78
    david78 Posts: 1,654 Forumite
    You can if both Cash ISAs are Nationwide accounts. But you can't otherwise.
  • psychic_teabag
    psychic_teabag Posts: 2,865 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Newcastle BS also allows the money to be split across several of their ISA accounts. (They seem to think the service is unique ..?)
  • RoxRoxBling
    RoxRoxBling Posts: 475 Forumite
    david78 wrote: »
    You can if both Cash ISAs are Nationwide accounts.

    really! Would you be kind enough to expand. I'd like to know more
    Save in 2013: #166: 9,122.51/[STRIKE]5,000[/STRIKE] 10,000
    Interest earned in 2014: £257.61 20/04/14
  • david78
    david78 Posts: 1,654 Forumite
    Have a look at this page, at the box on the right about half-way down with the heading "Did you know..." and man in suit:

    http://www.nationwide.co.uk/isas/isas-explained/default.htm

    Its explained in the T&Cs.
  • ellie27
    ellie27 Posts: 1,097 Forumite
    Ninth Anniversary 500 Posts Combo Breaker
    McKneff wrote: »
    No, you can only contribute 'new' money to one ISA per year.


    Oh really!

    I was thinking of opening any Halifax ISA with only £2 just to get the 6% on the Halifax Junior ISA!!! And put the remainder of my allowance - the £5758 in another ISA for myself.

    So, I cannot do the above then?
  • david78
    david78 Posts: 1,654 Forumite
    No you can't do that. You would have subscribed to two providers, which isn't allowed.

    If you have an "old" previous years ISA, you can transfer a part of this into halifax to meet the requirement for a Junior ISA.
This discussion has been closed.
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