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Maturing cash ISA quesry
I have a 1 year fixed rate cash ISA maturing in late June.
ICan I reinvest immediately into a new ISA & retain the tax free status or do I have to hang around till April '27?
I have already used this year's ISA to open a new 1yr fixed rate cash ISA.
Comments
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Yes you can.
The annual limits only apply to new money.
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If you read through the forum, all your cash ISA questions will be answered !
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You may not be able to instruct the provider you are with that you wish to reinvest until nearer the maturity date, this can vary depending on the provider. If for any reason you want to move it to a new provider open one with the new provider first and ask them to take it from current provider. Please do not close it with current provider yourself.
Hope this helps.
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