Transferred & New ISAs & tax allowance

onesixfive

Good Morning
My Husband & I have 2 x ISAs each & I am worried we are breaking the tax rules
When an EXISTING ISA matures & it is transferred, can we also open a NEW ADDITIONAL ISA provided they are either side of the tax year.

We always have 1 year cash ISAs (for convenient access).

He opened a new ISA in Oct 25. plus he has one which was rolled over from a previous one, which is due to renew in Jul 26
I had one which I rolled over from a prev one in Jan 26, plus I also have one due for renewal Jul 26
Do we transfer these July ones on renewal? &/OR
Could we each potentially ADD another?

friolento

provided you comply with ISA transfer rules, an ISA transfer does not affect your annual ISA allowance.

Meaning you must ask an ISA provider to make the transfer. Never transfer it yourself.

Depending on the T&Cs of an ISA, you can transfer one or more ISAs into it.

If they permit it, you can have more than one ISA with the same provider. You can also have more than one ISA with different providers.

May be also read the MSE ISA guide.

friolento

worth mentioning that the interest rate on renewals are invariably quite bad. Always check for better rates and request transfers as necessary https://moneyfactscompare.co.uk/isa/