Not used Allowance ?

Foxyuk13

hi guys sorry for stupid question.    Can i put in 20k on the 3rd April  then another 20k in 6th April. into same one year fixed account rate.    although separate tax years.         never had isa b4

ColdIron

It can depend on the ISA, which one is it?

Foxyuk13

ColdIron said:

It can depend on the ISA, which one is it?

just looking at moment any suggestions ?

Veteransaver

Usually you can, unless the ISA closes to new money in between opening it and and the 6th April. Normally they stay open for 14 days at least.
If not just open a different ISA, either with same provider or with someone else.

Qyburn

Virgin 5.25 "exclusive" accepts deposits for up to 30 days after they stop offering the account. Note it matures 31/03/2025 irrespective of when you open or pay into it. 

soulsaver

Qyburn said:

Virgin 5.25 "exclusive" accepts deposits for up to 30 days after they stop offering the account. Note it matures 31/03/2025 irrespective of when you open or pay into it. 

OP'll need a VM current account to apply for it - so need to get a wiggle on if they want that option before April 6.

Qyburn

soulsaver said:

Qyburn said:

Virgin 5.25 "exclusive" accepts deposits for up to 30 days after they stop offering the account. Note it matures 31/03/2025 irrespective of when you open or pay into it. 

OP'll need a VM current account to apply for it - so need to get a wiggle on if they want that option before April 6.

When i did it in 2022 .. current account application 08/11/2022, ISA opened next day 09/11/2022, transfer in from Paragon completed 10/11/2022.

soulsaver

Qyburn said:

soulsaver said:

Qyburn said:

Virgin 5.25 "exclusive" accepts deposits for up to 30 days after they stop offering the account. Note it matures 31/03/2025 irrespective of when you open or pay into it. 

OP'll need a VM current account to apply for it - so need to get a wiggle on if they want that option before April 6.

When i did it in 2022 .. current account application 08/11/2022, ISA opened next day 09/11/2022, transfer in from Paragon completed 10/11/2022.

That may be relevant if end of the tax year, ISA season and Easter all happened in November... 

Qyburn

If you're that pessimistic then just open any cash ISA with your existing bank, get your 20k in today. Then transfer to your chosen account in your own time.

Having said that my timeline, in November, would have allowed this year's money to be paid in on the second working day. From today there are 14 till the cut off.

soulsaver

I'm not pessimistic, just realistic.

I'm just filling in the info that you omitted: If your plan is to open VMs exclusive ISA fix before  April you'll need to get a move on to open the mandatory current account and they may ask for proof of ID etc.