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Posted Tue, 05 Sep 2023 12:21:08 GMT by
I want to diversify my ISA to keep them all under the £85k FSCS limit. I have already opened a new cash ISA using this years’ 20k allowance. Can I open two additional cash ISAs this financial year by transferring money from an existing cash ISA that I have not paid into in this financial year - ie no ‘new’ money involved at all?
Posted Thu, 07 Sep 2023 11:34:14 GMT by HMRC Admin 19 Response
Hi,

No, as you have already used the limit. You can see guidance here:

https://www.gov.uk/individual-savings-accounts

Thank you.

 

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