Cash ISA Rules help

rachelcward

Good (new tax year) morning
I wish to open a new FR ISA. In doing so can I make deposits into an existing flexible ISA from another provider up to max annual total allowance?

colsten

You can only deposit new cash into one cash ISA each tax year.

rachelcward

Can I open a new FR ISA with Nationwide and add to an existing flexible ISA held with them throughout the year?

masonic

rachelcward wrote: »

Can I open a new FR ISA with Nationwide and add to an existing flexible ISA held with them throughout the year?

Yes, you can do that as Nationwide allows you to split your allowance between different ISAs held with them.

YorkshireBoy

rachelcward wrote: »

Can I open a new FR ISA with Nationwide and add to an existing flexible ISA held with them throughout the year?

From your ISA provider's website...

You can open more than one cash ISA product with us in the same tax year. It means that you get a range of benefits, for instance if you wanted put some of your money in a Fixed Rate ISA for a better rate, and keep some in an easy to access account.


http://www.nationwide.co.uk/guides/looking-after-your-money/tax-free-savings

david78

Be aware though that there are a few technical issues with Nationwide this morning and applications for new ISA accounts may not work. This has happened to me. Waiting 'till later this evening.