ISA Rules

kevin6259

Hi can anyone help with this question? I have a 1 year fixed rate isa maturing next month with the maximum £20,000, if I open a new one for this tax year for another £20,000 can I add my maturing one to it so would have £40,000 the new isa ??? Thanks Kevin 

Phoenix72

Yes, assuming the new one accepts transfers in.

Albermarle

kevin6259 said:

Hi can anyone help with this question? I have a 1 year fixed rate isa maturing next month with the maximum £20,000, if I open a new one for this tax year for another £20,000 can I add my maturing one to it so would have £40,000 the new isa ??? Thanks Kevin 

Suggest you read through the forum. It is a good way to keep up to speed with ISA rules and issues,

nottsphil

Albermarle said:

kevin6259 said:

Hi can anyone help with this question? I have a 1 year fixed rate isa maturing next month with the maximum £20,000, if I open a new one for this tax year for another £20,000 can I add my maturing one to it so would have £40,000 the new isa ??? Thanks Kevin 

Suggest you read through the forum. It is a good way to keep up to speed with ISA rules and issues,

I would say that reading the ISA guide on the main site would be a quicker way of getting such basic information.