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New ISA

ElSteverino
ElSteverino Posts: 3 Newbie
edited 3 April at 2:04PM in ISAs & tax-free savings
I have an ISA with Barclays, which matures in July. Can I open another one before the existing on matures ?
Any advice would be appreciated. Thanks  

Comments

  • slinger2
    slinger2 Posts: 1,086 Forumite
    1,000 Posts First Anniversary Name Dropper
    You can only put £20,000 into ISAs each tax year. So if you want to open another one this tax year, it'll depend on whether you've used all of that allowance. From 6 April you'll have a new £20,000 allowance so you'll definitely be able to open a new one (or ten new ones if you want).
  • Albermarle
    Albermarle Posts: 29,089 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    There is a specific sub forum for ISAs. If you read through it you will see answers to your question, and every other conceivable question about ISAs
    ISAs & tax-free savings — MoneySavingExpert Forum
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