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rockythunder2018
Posts: 3 Newbie
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No, you can only add new money to one ISA of each type per tax year.
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The clear answer you're looking for is at the start of the definitive government info at https://www.gov.uk/individual-savings-accountsStrictly speaking, you could open another one but you couldn't pay any new money into it, which, as above, is the test.
There are 4 types of ISA:
- cash ISAs
- stocks and shares ISAs
- innovative finance ISAs
- Lifetime ISAs
You can put money into one of each kind of ISA each tax year.
If you haven't yet paid into your existing one in the past two weeks, you still have your options open though....0 -
So if you have not yet made any contributions this new tax year to your old Isa, you could stop the contributions and open a new one . However if you have made a contribution this tax year to your old isa, you can not open a new one.
Any particular reason you want to open a new one ? What's wrong with the old one ?
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