Paying in to Isa
Rattled
Posts: 2 Newbie
Hi sorry if question already been asked, but if I put a lump sum into a 1 year fixed cash ISA, can I also make monthly payments in to it as long as total does not exceed £20,000?
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Comments
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You can put up to £20,000 into iany one ISA in a single financial year but need to look at the specific T&C of the ISA you have chosen. Lots of them only allow payments in within the first 14 days after opening the account.#2 Saving for Christmas 2024 - £1 a day challenge. £131 of £3660
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I have a similar question. I'm about to transfer an ISA from last year and I've been told I can only pay in additonal amounts within the first 30 days. Two questions (i) can I pay in the remainder of my annual allowance into another cash ISA and/or (ii) can I transfer into one and open another that has no time restrictions on paying in the full amount?0
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I have a similar question. I'm about to transfer an ISA from last year and I've been told I can only pay in additonal amounts within the first 30 days. Two questions (i) can I pay in the remainder of my annual allowance into another cash ISA and/or (ii) can I transfer into one and open another that has no time restrictions on paying in the full amount?
(ii) if the transfer is of previous year money, then you can do this. ISAs from previous years can be moved about, split up etc as you see fit. The money you pay in to a cash ISA during the current tax year must be kept with a single provider until the end of the tax year.0
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