ISA

pjran

Oasis1 said:

Ah wait.

I declare that

• I have not subscribed, and will not subscribe, to another cash ISA provider in the same tax year that I subscribe to this cash ISA
  

The term subscribe means contribute funds, rather than open? So opening multiple ISAs is fine?

I hoped that’s what it means but it’s not clear to me.

jimjames

Cardboardleaf said:

At the top of the form, it says I am applying to "subscribe". The key facts document says "A subscription is any deposit (or payment) made by you into an ISA."

But you won't be paying money into more than one ISA so it's not a problem. If you are transferring an ISA you are not paying money into it.

ColdIron

Oasis1 said:

Ah wait.

I declare that

• I have not subscribed, and will not subscribe, to another cash ISA provider in the same tax year that I subscribe to this cash ISA
  

The term subscribe means contribute funds, rather than open?

Yes. Subscribe means put 'new' (non-ISA) money into. Nothing to do with transfers

So opening multiple ISAs is fine?

Yes. You can open as many as you like as long as you only subscribe to one

Albermarle

Albermarle said:

pjran said:

Frogletina said:

You can open as many ISAs as you want until you decide which you want to put money into.

I have several open ISAs which are still empty as better one have come along since.

I read you can only open one each new tax year.

There is a sub forum for ISA's. So worth reading through that as your question and similar ones are asked several times every week.
ISAs & tax-free savings — MoneySavingExpert Forum

To repeat - all the questions asked in this thread are repeatedly asked and answered in the ISA forum, so have a look there.