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Fixed ISA

JwBxyz
Posted Tue, 12 Mar 2024 21:34:45 GMT by JwBxyz
I opened my first ISA on 29th August 2023. It was a one year fixed ISA. When it matures 29th August 2024 can I then open another ISA or do I have to wait until April 2025 to open another, thus losing out on 8 months?
HMRC Admin 19
Posted Wed, 20 Mar 2024 09:06:23 GMT by HMRC Admin 19
Hi,

The tax year in which you opened your first ISA ends on 5 April 2024. This means that from 6 April 2024, you can open another ISA of the same type that you have already opened, since they are in separate tax years.

Thank you.
JwBxyz
Posted Wed, 20 Mar 2024 09:58:16 GMT by JwBxyz
Ideal, thank you.

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