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Advice - Im new to ISAs

Robanson248 · 2015-02-11 09:54:20

Hi, I'm new to ISAs and after some advice. Between my partner and I, we have £60k to invest in ISAs (£30k before end of Tax Year, and another £30k from Apr 6). Can we open up an ISA each then top up that same ISA early in new Tax Year so that each ISA then holds £30k? Or is each year a separate and new ISA? Or are there…

Comments

jimjames Posts: 18,877 Forumite

15 February 2015 at 12:23AM

Aged wrote: »

Could you expand on this please jj as I'm not sure what you're getting at?

For cash ISAs people tend to keep them separate fir each year and take out new ones each year.

For s&s ISAs you would tend to keep same provider and the account doesn't show the separate amounts for each tax year, just a total balance.

Remember the saying: if it looks too good to be true it almost certainly is.
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