Is it possible to...

Ocelot

Is it possible to open an ISA in the current tax year (not transferring existing funds), when you have already paid money into one in the same tax year, but wait until the following tax year before funding it (assuming a 30 day funding window, and the date of opening being less than 30 days until the next tax year)?

So could you open an ISA, say on the 10th of March for the new tax year, starting 6th April, as long as you only fund it in the new tax year?

I know you can open as many ISAs as you want by transferring money from other ISAs, but don't know if there are any rules over new-money funding over two different tax years.

alternate

Fund only one of any given type per year.  Open as many as you like.

refluxer

Ocelot said:

So could you open an ISA, say on the 10th of March for the new tax year, starting 6th April, as long as you only fund it in the new tax year?

Yes, I believe you can do this.

GrubbyGirl_2

The only problem will be if you're required to open it with a deposit at the time of opening

Ocelot

Might be an idea if fixed rates continue to plummet.