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How they'll know if you have multiple ISA's?
madhusudhan
Posts: 70 Forumite
Probably dumbest question, but, if I have two ISA's with two providers, how do they know if I don't tell them?
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Comments
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You give your NI number when you open an ISA. This will be notified to the Revenue by the ISA provider. It would be very easy for the Revenue to detect duplicates. I'm not saying that they necessarily *will* try to detect it, but they ought to.0
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The revenue usually pick it up around 8-12 months after the end of the tax year. The second one is voided.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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