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Confused about ISAs
newsaver55
Posts: 1 Newbie
Hi
i am new to ISA savings and a little confused.
My fixed rate ISA matured in august 2025 and I have recently transferred £20k to a new fixed rate ISA with a different provider ( using the transfer in process). Am I right in thinking that I can open a further ISA for this tax year and deposit another £20k with a different ISA provider?
i am new to ISA savings and a little confused.
My fixed rate ISA matured in august 2025 and I have recently transferred £20k to a new fixed rate ISA with a different provider ( using the transfer in process). Am I right in thinking that I can open a further ISA for this tax year and deposit another £20k with a different ISA provider?
0
Comments
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Yes, the transfer was 'old' money, you are allowed £20k 'new' money each tax year, it doesn;t need to be a different provider.1
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Probably a good idea to spend some time reading through this forum, where all the ISA rules are discussed regularly.2
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