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Cash ISA

Answer
Dorothy
Posted Wed, 03 Jan 2024 11:36:46 GMT by Dorothy
I have two Cash ISA currently. Is this allowed? (1) Opened in Jan 2023 (tax year 2022/2023) £20k – A provider (2) Opened in Jun 2023 (tax year 2023/2024) £20k – B provider I'm confused by the 'one ISA of each type per tax year’ rule, does it mean only can “open” one Cash ISA account each tax year? Many thanks.
HMRC Admin 10 Response
Posted Wed, 10 Jan 2024 12:16:22 GMT by HMRC Admin 10 Response
Hi
You can open more than 1 but can only pay into 1  each tax year.
For your scenario, you are ok as you have paid in on 2 separate tax years.

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