Help To Buy ISA query

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
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pioneer31pioneer31 Forumite
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edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
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?

Replies

  • eskbankereskbanker Forumite
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    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?
  • pioneer31pioneer31 Forumite
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    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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