Is this right/usual?

owitemisermusa

Hi guys,

I was in the process of opening a Barclays Tax Haven ISA online when i came across this declaration:

"I apply to subscribe for a cash ISA for tax year 2008/2009 and each subsequent year until further notice."

Cannot recall seeing this statement with my previous ISA accounts. Have I missed something here?

It seems that this statement is binding me to open an ISA with Barclays next year - correct?

Just want to open an ISA, fed up of weighing, comparing and researching - need to act.

Thanks.

OMM

jem16

It's normal and it's not binding.

It just makes it easier if you wish to contribute to the same ISA next tax year as you don't have to apply again. It doesn't mean that you have to.

BruceyBonus

On the application form for NCBS, they let you cross out "and each subsequent year until further notice." This does mean that you would need to fill out an application form again next year.