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

DannyWhoWorks

Thank you!

CLAPTON

no....................

McKneff

No, you can only contribute 'new' money to one ISA per year.

david78

You can if both Cash ISAs are Nationwide accounts. But you can't otherwise.

psychic_teabag

Newcastle BS also allows the money to be split across several of their ISA accounts. (They seem to think the service is unique ..?)

RoxRoxBling

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

david78

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

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

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.