Help to buy ISA and new ISA rules

junglemansam

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.

gravel_2

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.

badger09

gravel_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.

BiB 
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. 

gravel_2

Fair comment.