Tax on Savings acct if you already have interest from ISAs

vic_sf49

Yes, the rules changed. Was it the at the budget earlier in the year... anyway, they changed. (I'm only referring to cash ISAs, as I've no clue about Stocks and Shares ISAs.)

Not all institutions have updated their ISA advice.

For an example of how it works with Charter Bank, you can open any number of their cash ISAs, which then become what is termed* a "Mix and Match ISA"

You can still only put £20k (total) of new money, into cash ISAs per financial year.

*Although when I login to online banking, it just lists the ISAs separately, without using the "Mix and Match" terminology.

(Edited for line spacing/formatting.)

twopenny

Thanks Vic.

That again is how ISAs started and it was more fun saving.

I could only dream of getting £20,000 in a year so I don't have to worry about that at least