Multiple cash ISAs

ail_2

Hi, I have not opened a cash ISA yet for 24/25 and I understand that I could open several and put £20,000 in each one and these will remain tax-free. Last year, I was only able to Open one cash ISA . Have the rules change this New tax year? Thanks

CrickJon

Wrong. You can only put in £20k of new money each tax year.

You are however, able to open as many ISAs as you want from now on, as long as all the money across them does not exceed £20k of new money in total.

ail_2

Ah , ok that’s really useful. That was the bit I didn’t understand, thanks for explaining .

Ayr_Rage

Not all providers are offering more than one of their own products to customers and are not obliged to do so.

gravel_2

I really hope not many people have the same misapprehension as OP.