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Cash ISA allowance for spouses
stphncnnnghm111
Posts: 3 Newbie
Can I have a CASH ISA for £20k in my name and my wife have a £20k CASH ISA in her name?
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Comments
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Yes, the "I" stands for Individual, so every adult resident (for tax purposes) in the UK can have one, each with the same annual contribution allowance....1
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Your ISA and anyone else's ISA are entirely unconnected even if you are married. An ISA is individual so cannot be joint.stphncnnnghm111 said:Can I have a CASH ISA for £20k in my name and my wife have a £20k CASH ISA in her name?
Also remember it is £20k per year per person. So you can each open one now and one after April and get £80k tucked away tax free in the next 2 months.Remember the saying: if it looks too good to be true it almost certainly is.1 -
thanks for the replies, appreciated.
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