ISA query

Violet

After all of the helpful advice from this website I have recently, last week, took the plunge and invested the full £3000 limit into a mini ISA with Egg but I wondered if someone could just clear up something for me. Staying with Egg, when the new tax year starts (April 8th?) can I invest my limit (£3600) into the same ISA, meaning the total would then be £6700, or will it be put into a separate one so I would have one ISA account with £3000 in it and another one with £3600?

Slightly confused Violet

Lokolo

On April 6th (its a Sunday though) you can put £3600 into the Egg ISA you have already making the total £6600 (£3000 + £3600 isn't £3700 unfortunately :P )

Liney_2

Thanks for this post I didn't know what do either. But I do now!

maypole

As long as you put them in two seperate tax years there is no problem and that is what you appear to be doing.