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Cash ISAs

Posted Sat, 13 Jan 2024 15:37:45 GMT by
I opened a Fixed Term (12 months) Cash ISA in Feb 2023 (with the available balance I could put into an ISA wrapper for the 2022/23 tax year, and contributed again in April 2023 for the 2023/24 tax year. This fixed term finishes in Feb 24. I know that I can only subscribe to oner Cash ISA in this year, but can I open a new ISA in Feb when the term ends and transfer in the balance or do I have to wait until April?
HMRC Admin 20 Response
Posted Wed, 17 Jan 2024 11:15:04 GMT by HMRC Admin 20 Response
Hi Rob Hetherington,
You can open a new account via the new provider for them to do the transfer but you cannot deposit any new funds until after 6/4/24.
Thank you.

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