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Help To Buy ISA query

I am over 40 and am considering buying my first property. I have an ordinary cash ISA already with a reasonable amount in it.

The question is, can I open a Help To Buy ISA and receive the govt bonus, even though I already probably have enough for a deposit?

Comments

  • eskbanker
    eskbanker Posts: 39,901 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sounds like you'd be eligible to open a Help To Buy ISA and it doesn't matter that you have enough elsewhere for a deposit.

    However, paying into two cash ISAs in the same tax year is a no-no, have you contributed to the other one since 6 April?
  • pioneer31
    pioneer31 Posts: 338 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    eskbanker wrote: »
    Sounds like you'd be eligible to open a Help To Buy ISA and it doesn't matter that you have enough elsewhere for a deposit.

    However, paying into two cash ISAs in the same tax year is a no-no, have you contributed to the other one since 6 April?

    No, my other Cash ISA is a fixed 1 yr deal, which matures in November
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