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ISA`s

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wepayenoughtax
wepayenoughtax Posts: 3 Newbie
in Savings & investments
I`m new to purchasing an ISA so bear with me !!
Can I buy an ISA this month -what is the maximum amount I can put in tax free ?
Can I buy another after April 1st- also what is the maximum tax free ?
are the post office ISA`s one of the better ones ?:undecided

Comments

  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    1. Yes you can


    2 Yes you can


    Google ISA best rates that will help you.


    and read the terms and condition.s


    If your first Isa is good rates, you don't actually need to open another one, just keep paying into the first one into April, it will just carry on into the new year
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • Linton
    Linton Posts: 18,154 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    wepayenoughtax wrote: »
    I`m new to purchasing an ISA so bear with me !!
    Can I buy an ISA this month -what is the maximum amount I can put in tax free ?
    Can I buy another after April 1st- also what is the maximum tax free ?
    are the post office ISA`s one of the better ones ?:undecided

    Not April 1st: the new tax year starts on April 6th when you can buy another one. For cash ISAs the limits are £5760 in the year ending 5th April 2014 and £5880 the year ending 5th April 2015. The total of S&S ISA and cash ISAs can be up to twice those figures - anything you dont use in a cash ISA can be used in an S&S ISA.
  • wepayenoughtax
    wepayenoughtax Posts: 3 Newbie
    Why the grammar lesson ?
  • wepayenoughtax
    wepayenoughtax Posts: 3 Newbie
    Very helpful, thanks.
  • droopsnoot
    droopsnoot Posts: 1,868 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    wepayenoughtax wrote: »
    Why the grammar lesson ?

    That's in McKneff's signature so appears on all posts, it wasn't aimed directly at you or your post.
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Thank you droopsnoot.


    xx Annie
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
This discussion has been closed.
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