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2 isas in one year?
murrayg_2
Posts: 1 Newbie
This may have an obvious answer but I will ask anyway.
2 years ago I opened a mini isa which I have been contributing £100 per month into Unit Trusts. My understanding is that this represents a contribution towards my £4000 stocks and shares annual allowance?
Am I able to open another mini cash ISA with another provider and pay in £3000 cash this financial year without any tax repercussions?
2 years ago I opened a mini isa which I have been contributing £100 per month into Unit Trusts. My understanding is that this represents a contribution towards my £4000 stocks and shares annual allowance?
Am I able to open another mini cash ISA with another provider and pay in £3000 cash this financial year without any tax repercussions?
0
Comments
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If my understanding of your question is correct, then yes, you can open a mini cash ISA to accompany your mini stocks and shares ISA.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
If the ISA is indeed a mini-S&S ISA, then yes, you can open a mini-cash ISA with any of the providers.
If it's a maxi-S&S ISA, then you cannot.Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0
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