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ISA limits
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You can spread the £20K annual allowance across different types, but if you've already paid £20K into an ISA of one type, you can't then split it up, unless via flexibility (not applicable to Moneybox).amanda1024 said:
But LISAs are separate? So each year you can put new money in a cash ISA, and a S&S isa, and a LISA (cash or S&S), and an innovative finance ISA. Otherwise, everybody putting £4k in a LISA would lose the other £16k of allowance…eskbanker said:
It isn't permitted to split up the current year cash ISA money though.amanda1024 said:I think you can open a lifetime ISA elsewhere and transfer £4k into it1 -
Ah - I see, thank you!eskbanker said:
You can spread the £20K annual allowance across different types, but if you've already paid £20K into an ISA of one type, you can't then split it up, unless via flexibility (not applicable to Moneybox).amanda1024 said:
But LISAs are separate? So each year you can put new money in a cash ISA, and a S&S isa, and a LISA (cash or S&S), and an innovative finance ISA. Otherwise, everybody putting £4k in a LISA would lose the other £16k of allowance…eskbanker said:
It isn't permitted to split up the current year cash ISA money though.amanda1024 said:I think you can open a lifetime ISA elsewhere and transfer £4k into it0
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