Nationwide APS

Numbersup

 Ive inherited a Nationwide isa  from my husband.  -  Thought I understood the rules  until I read their  warning   paragraph 

 "You can only pay into one cash ISA in each tax year. If you’ve already opened a cash ISA in the current tax year with another ISA provider, you’ll need to transfer the ISA to Nationwide before you can use your inherited ISA allowance with us. Alternatively, you can wait until the new tax year to open your ISA for your inherited ISA allowance. Please bear in mind that if you do wait until the next tax year, you will not be able to subscribe to another cash ISA with another provider in the same tax year" 

 (Id already opened a 1yr fix with Skipton for this tax yr) 

   My understanding  from the couple Ive already done, was  that the APS  ISA was pretty much a stand alone  additional one  and you could have it running  alongside any  isa that you have already opened  in the tax yr regardless of what bank or bs  it was with?   Id wanted to  just leave this  APS ISA with  NW for a while   , then transfer/add  it to an ordinary maturing ISA later .

DoI have to move my APS isa elsewhere if I dont want to move my fixed rate ISA  or am I misinterpreting the paragraph? 

FrugaiMacDugal

Sorry for your loss.

Have a read here, from NW.

masonic

The statement that you can only pay into one cash ISA per tax year is out of date. There is no issue with this since the rules changed back in April.

Numbersup

Thanks ,  just had read everything  from NW I laid eyes on. Didnt occur to me some might be out of date , so got a bit unsure of whats what.