Flexible ISA - can I open two cash ISAs in one tax year?

I have a flexible ISA which was opened as a transfer of a previous year's ISA from another provider. The rate on this ISA hasn't kept up as much with interest rate rises and the same provider has a new ISA available with a higher rate. But as you can only transfer this year's subscriptions once, I don't want to paint myself into a corner too soon.

However, as I have flexibly withdrawn all this year's subscriptions to date, I think the position today is that I have *not* subscribed to any cash ISA this year, and am free to open another.

Am I correct?


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