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Opening new flexible Cash ISA

Answer
YLS825
Posted 10 months ago by YLS825
Hello Can you open and deposit money into a new flexible Cash ISA if you've already deposited some money into a Cash ISA you've opened in previous tax years? I've read the guidance and the advice is not clear on this, so your expertise would be much appreciated.
HMRC Admin 19 Response
Posted 9 months ago by HMRC Admin 19 Response
Hi,

Yes, you can, but the total deposit accross all the accounts in any one tax year cannot exceed £20,000.

Thank you.

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