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ISA question
xssc32x
Posts: 81 Forumite
I currently have a 1 year fixed rate cash E-ISA that matures in June with Virgin, max allowance. Come 6th April can I add more funds to this ISA or should I open up a new ISA on 6th April and then transfer the funds from my current one into this in June when matures? Thanks
0
Comments
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It's unlikely that a fixed term ISA will accept further deposits ten months after opening, but I haven't checked its Ts & Cs.
Assuming you don't have any remaining 2024/25 allowance, you would indeed need to wait until 6 April before paying into another one - whether or not you consolidate both into one is entirely up to you....1
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