We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mini/Maxi ISA's.
former_student
Posts: 509 Forumite
I have a mini cash ISA and I know that each tax year I can save £3000 in it.
My question is what is the difference between a mini and maxi ISA and can a mini ISA be developed into a maxi ISA?
My question is what is the difference between a mini and maxi ISA and can a mini ISA be developed into a maxi ISA?
0
Comments
-
A maxi ISA allows you to put up to £7000 in stocks and shares - it's not meant for cash.
If you want to have a cash element you go for mini ISAs. You then have a mini cash ISA (£3k) and a mini S&S ISA (£4k).
From April 2008, the mini and maxi definition drops and there will just be an ISA allowance of £7200 of which up to £3600 can be cash.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.6K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards