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ISA allowance 2023/2024
Donedoingdebt
Posts: 1,196 Forumite
Hi all. New to this part of the forums so what I'm asking may be obvious to some of you.
I have a 2 year fixed rate ISA with Santander which was opened in October 2022, using all of 22/23 allowance. The account states that I am not allowed any further deposits after the first thirty days.
Given that, how can I use 23/24 allowance when it becomes available in April? Am I allowed to start another ISA & run 2 ISAs simultaneously as long as the 20k limit for deposits is not breached?
I have a 2 year fixed rate ISA with Santander which was opened in October 2022, using all of 22/23 allowance. The account states that I am not allowed any further deposits after the first thirty days.
Given that, how can I use 23/24 allowance when it becomes available in April? Am I allowed to start another ISA & run 2 ISAs simultaneously as long as the 20k limit for deposits is not breached?
Donedoingdebt Lightbulb moment January 2000. Debt at highest approx £102,000. Debt now (October 2009 - absolutely fork all!!!):beer:
CSA case closed on 02/09/10 :beer::beer:
CSA case closed on 02/09/10 :beer::beer:
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Comments
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Yes, exactly that - just open a new one to fund with your 2023-24 allowance. You can have as many ISAs running side-by-side as you like, provided you stick within the rules.Donedoingdebt said:Given that, how can I use 23/24 allowance when it becomes available in April? Am I allowed to start another ISA & run 2 ISAs simultaneously as long as the 20k limit for deposits is not breached?2 -
New to this part of the forums so what I'm asking may be obvious to some of you.
Probably a good idea to spend some time scrolling through the forum, to get up to speed with the ISA rules.
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Yeah, I'll try to get some me time & try to look busy in front of my wife!!Albermarle said:New to this part of the forums so what I'm asking may be obvious to some of you.Probably a good idea to spend some time scrolling through the forum, to get up to speed with the ISA rules.
Donedoingdebt Lightbulb moment January 2000. Debt at highest approx £102,000. Debt now (October 2009 - absolutely fork all!!!):beer:
CSA case closed on 02/09/10 :beer::beer:0
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