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Can I open an ISA if I put £1k into one that matured in this tax year?

Buffyster
Posts: 7 Forumite

I had a fixed rate cash ISA that matured in December 24 and I elected to reinvest the money with the same provider. It wasn't at the max £20k, and I had a short window of time where I could add funds, so I put in another £1k by the January 25 deadline. My question is whether I can open a new ISA now before 5th April and put in up to £19k?
Thanks in advance.
Thanks in advance.
0
Comments
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Yes, if the provider moved your old funds into a new ISA without them counting as new money, then you have £19K of your 2024/25 allowance remaining to do with as you see fit.1
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