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Multiple ISA’s
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trickydicky14
Posts: 1,244 Forumite
As long as I stay within my 20k limit for this tax year, can I open a Virgin cash isa and a Kent Reliance cash isa and pay into my S&S isa with iweb.
I choose the rooms that I live in with care,
The windows are small and the walls almost bare,
There's only one bed and there's only one prayer;
I listen all night for your step on the stair.
The windows are small and the walls almost bare,
There's only one bed and there's only one prayer;
I listen all night for your step on the stair.
0
Comments
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yes you canI am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1
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yes but, no but..... Kent Reliance will want you to confirm that you have not already and that you will not in future (this tax year) ..open another ISA with anyone else !
Unless they have recently changed it, the customer declaration says...
"I have not subscribed, and will not subscribe, to another cash ISA in the same tax year that I subscribe to this cash ISA"
Ted1 -
Well that's a bit crap when you consider all the so called new freedoms with ISA's. Question, how would they know.interest_Ted said:yes but, no but..... Kent Reliance will want you to confirm that you have not already and that you will not in future (this tax year) ..open another ISA with anyone else !
Unless they have recently changed it, the customer declaration says...
"I have not subscribed, and will not subscribe, to another cash ISA in the same tax year that I subscribe to this cash ISA"
TedI choose the rooms that I live in with care,
The windows are small and the walls almost bare,
There's only one bed and there's only one prayer;
I listen all night for your step on the stair.0 -
From a tax perspective the customer answers only to HMRC. If providers refuse to acknowledge or accommodate the new ISA rules, conventional wisdom around here is to agree to such declarations while also ignoring them.interest_Ted said:yes but, no but..... Kent Reliance will want you to confirm that you have not already and that you will not in future (this tax year) ..open another ISA with anyone else !
Unless they have recently changed it, the customer declaration says...
"I have not subscribed, and will not subscribe, to another cash ISA in the same tax year that I subscribe to this cash ISA"
Ted2 -
Its an unenforceable and unreasonable condition, so can be safely ignoredtrickydicky14 said:
Well that's a bit crap when you consider all the so called new freedoms with ISA's. Question, how would they know.interest_Ted said:yes but, no but..... Kent Reliance will want you to confirm that you have not already and that you will not in future (this tax year) ..open another ISA with anyone else !
Unless they have recently changed it, the customer declaration says...
"I have not subscribed, and will not subscribe, to another cash ISA in the same tax year that I subscribe to this cash ISA"
TedI consider myself to be a male feminist. Is that allowed?5 -
The OP isn't going to be opening a cash ISA with anyone else so can safely ignore that anyway (they can still ignore it even if they are opening a cash ISA but S&S ISA isn't covered)interest_Ted said:
Unless they have recently changed it, the customer declaration says...
"I have not subscribed, and will not subscribe, to another cash ISA in the same tax year that I subscribe to this cash ISA"Remember the saying: if it looks too good to be true it almost certainly is.0 -
Please re read my post, I'm looking at opening 2 cash ISA's one with kent R and one with virgin and possibly, 'not sure yet' top up my S&S ISA all within my 20k allowance.jimjames said:
The OP isn't going to be opening a cash ISA with anyone else so can safely ignore that anyway (they can still ignore it even if they are opening a cash ISA but S&S ISA isn't covered)interest_Ted said:
Unless they have recently changed it, the customer declaration says...
"I have not subscribed, and will not subscribe, to another cash ISA in the same tax year that I subscribe to this cash ISA"I choose the rooms that I live in with care,
The windows are small and the walls almost bare,
There's only one bed and there's only one prayer;
I listen all night for your step on the stair.0 -
They would not.trickydicky14 said:
Well that's a bit crap when you consider all the so called new freedoms with ISA's. Question, how would they know.interest_Ted said:yes but, no but..... Kent Reliance will want you to confirm that you have not already and that you will not in future (this tax year) ..open another ISA with anyone else !
Unless they have recently changed it, the customer declaration says...
"I have not subscribed, and will not subscribe, to another cash ISA in the same tax year that I subscribe to this cash ISA"
Ted
To be fair they are not the only one saying the same thing. The reasons are not totally clear AFAIK.1
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