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Transferring S&S ISA and introducing new money
Comments
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Yes, you can open a different ISA of each type every tax year to use your £20k allowance.
So as an a example if the tax limit remains at 20k, After 5 years one could save 100k worth in isas' and all being Tax free?
i am new to this and exploring investing into S+S, but given the complexity of using a platform and fund manager and know which funds to invest may be a bit daunting at first"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
Only if you are able deposit £20k before the end of each tax year. If you haven't used your £20k allowance by the end of the tax year it is lost and isn't carried forward.So as an a example if the tax limit remains at 20k, After 5 years one could save 100k worth in isas' and all being Tax free?0
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