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Help to buy ISA and new ISA rules
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junglemansam
Posts: 1 Newbie
I have a Help to buy ISA which I have had for several years with the maximum bonus balance of £12,000 (so I will not be adding to it, due to better interest rates elsewhere).
If I am correct, it is classed as a 'cash ISA', so does this mean the changes to ISA rules allow me to open another cash ISA alongside this? Thanks.
If I am correct, it is classed as a 'cash ISA', so does this mean the changes to ISA rules allow me to open another cash ISA alongside this? Thanks.
0
Comments
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It's always been possible to have multiple ISAs. The new rules only mean you can now open multiple of the same type in the same year.
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BiBgravel_2 said:It's always been possible to have multiple ISAs. The new rules only mean you can now open multiple of the same type in the same year.
Not quite😉
You could do that under the ‘old’ rules. The change is that the new rules mean you can pay new money into multiple of the same type in the same year.0 -
Fair comment.0
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