Splitting 2014/2015 ISAs

billyjm

According to your latest newsletter, 'you can open multiple ISAs with Nationwide, ....... as long as your combined Nationwide balances don't go over the total cash ISA limit'. I currently have a cash ISA with the Cheshire Building Society (now part of Nationwide). I called them this morning to ask how I could go about opening a second cash ISA with the Nationwide so as to be able to invest up to the maximum of £15 000 pa as of 1 July 2014 and was told that adamantly that would be against HMRC rules and I could not do it. Could someone let me know who is right?

Lokolo

The newsletter says Nationwide.

Cheshire BS are not Nationwide, they are just part of Nationwide Group.

You can't go to First Direct to complain about HSBC just because they are part of the same group.

Archi_Bald

Why do you want to split your ISA allowance across cash ISAs?

billyjm

As the ISA which I would like to take out with Nationwide does not allow transfers in, I would like to open a new (second) one with Nationwide.

jimjames

billyjm wrote: »

As the ISA which I would like to take out with Nationwide does not allow transfers in, I would like to open a new (second) one with Nationwide.

Have you already filled the maximum in current accounts?