Life after Help to Buy ISA
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tjl694
Posts: 2 Newbie
Hi all,
I was fortunate enough to complete on a house in June of this year for which I used my Help to Buy ISA.
Now, as I've already paid into that Help to Buy ISA this tax year, does that technically mean that I can't open and pay into another ISA of any sort?
I was fortunate enough to complete on a house in June of this year for which I used my Help to Buy ISA.
Now, as I've already paid into that Help to Buy ISA this tax year, does that technically mean that I can't open and pay into another ISA of any sort?
0
Comments
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You can open a new ISA each tax year, it doesn't matter if you've paid into one this tax year.0
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Hi all,
I was fortunate enough to complete on a house in June of this year for which I used my Help to Buy ISA.
Now, as I've already paid into that Help to Buy ISA this tax year, does that technically mean that I can't open and pay into another ISA of any sort?
You can pay into one ISA of each type (cash, S&S, IF, lifetime) in each tax year. You can also close an ISA once in a tax year and then pay into another of the same type. This is what you would be doing.0 -
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Hi all,
I was fortunate enough to complete on a house in June of this year for which I used my Help to Buy ISA.
Now, as I've already paid into that Help to Buy ISA this tax year, does that technically mean that I can't open and pay into another ISA of any sort?
Assuming you mean cash savings, another ISA is not the best idea.
Have a look here
https://www.moneysavingexpert.com/savings/which-saving-account/#steps-20
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