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Help To Buy with Cash ISA Question
Robin_TBW
Posts: 498 Forumite
Quick question as I really have no idea. From the information I can find it seems to be some providers offer a Cash ISA which you can hold alongside the Help To Buy ISA - this indicates to me that in most cases you cannot pay into a Cash ISA as well as a Help To Buy.
Is this the case?
My present standing is that I have a Cash ISA for the current tax year with Provider A but I would like to open a Help To Buy ISA with Provider B.
Is this allowed or not?
There doesn't seem to be much information around about people who already hold a Cash ISA and would like to benefit from the Help To Buy scheme.
Is this the case?
My present standing is that I have a Cash ISA for the current tax year with Provider A but I would like to open a Help To Buy ISA with Provider B.
Is this allowed or not?
There doesn't seem to be much information around about people who already hold a Cash ISA and would like to benefit from the Help To Buy scheme.
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Comments
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Yes.Quick question as I really have no idea. From the information I can find it seems to be some providers offer a Cash ISA which you can hold alongside the Help To Buy ISA - this indicates to me that in most cases you cannot pay into a Cash ISA as well as a Help To Buy.
Is this the case?
No.My present standing is that I have a Cash ISA for the current tax year with Provider A but I would like to open a Help To Buy ISA with Provider B.
Is this allowed or not?
You could transfer your existing cash ISA to provider B and open an HTB alongside it, as long as provider B is one of those supporting split ISAs, or open an HTB with provider A if they support splits.
See https://www.moneysavingexpert.com/savings/help-to-buy-ISA/#accordion-content-289218858-0There doesn't seem to be much information around about people who already hold a Cash ISA and would like to benefit from the Help To Buy scheme.
Also worth considering Lifetime ISA as an alternative to HTB, that can be funded alongside a cash ISA....0
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