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Help to buy ISA and new ISA rules

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.

Comments

  • gravel_2
    gravel_2 Posts: 594 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    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
    badger09 Posts: 11,473 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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
    gravel_2 Posts: 594 Forumite
    Seventh Anniversary 500 Posts Name Dropper Combo Breaker
    Fair comment.
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