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Government ISA
gg2011
Posts: 41 Forumite
Afternoon All,
I've open a government house buying scheme (ISA) and heard you are not allowed to open another ISA until next tax year...(April)
I am wanting to buy and sell shares, but wanted to know are they classed as ISA's if they are my government scheme will be invalid?
Thanks
I've open a government house buying scheme (ISA) and heard you are not allowed to open another ISA until next tax year...(April)
I am wanting to buy and sell shares, but wanted to know are they classed as ISA's if they are my government scheme will be invalid?
Thanks
0
Comments
-
An ISA is a tax free wrapper.
The Help-To-Buy ISA is offered by banks and building societies.
You can have a stocks and share ISA in the same tax year as a Help-To-Buy ISA. It's if you have a cash ISA which it becomes an issue.
Maybe reading these will help as it's all explained:
http://www.moneysavingexpert.com/savings/help-to-buy-ISA
http://www.moneysavingexpert.com/savings/stocks-shares-isas
http://www.moneysavingexpert.com/savings/best-cash-isa0 -
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