Cash isas

Wasbax

I now hold four cash isas. Three are mine in different places from different years and I is mine now after it was transferred over to me when my husband passed away.
Can you confirm that as long as I only put my isa allowance into one of them during the tax year.
Someone has told me I can only hold 1 isa.

Wasbax

Sorry didn't finish my sentence - is it OK to have the four as long as I only put my annual isa allowance into one of them.

TadleyBaggie

You can have as many ISAs as you like, but you can only contribute to 1 in any one tax year.

eskbanker

You can hold as many cash ISAs as you like, but can currently only pay new money into one in any tax year.  However, this restriction is to be lifted from 6 April....

ColdIron

Are all 4 ISAs paying a decent rate? Few old ones do. Perhaps consider transferring them into 1 with a good rate

eskbanker

ColdIron said:

Are all 4 ISAs paying a decent rate? Few old ones do. Perhaps consider transferring them into 1 with a good rate

Good shout, although OP might need to keep an eye on the £85K FSCS limit if the sums concerned are substantial (in which case that could also bring into play the debate about whether it's appropriate to keep so much in cash deposit form).

Wasbax

Yes Coldiron. Have always done 1yr isas and transfer them to new ones at end of their term.  Nothing like the interest on our savings in the early 90s though when we got 13% though

Albermarle

Wasbax said:

Yes Coldiron. Have always done 1yr isas and transfer them to new ones at end of their term.  Nothing like the interest on our savings in the early 90s though when we got 13% though

There is a sub forum for ISA's that would be worth scrolling through.
ISAs & tax-free savings — MoneySavingExpert Forum