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Split year ISA opening

Castor George
Posted Sat, 30 Mar 2024 12:43:59 GMT by Castor George
Can I open an ISA account for year 2023/24 having come to the UK in January 2024 and applying for split year?
Answer
Castor George
Posted Fri, 05 Apr 2024 16:03:46 GMT by Castor George
Is the answer "No" because it is not a full year's residence? I thought that as long as you are a UK resident you could open a cash ISA
HMRC Admin 19 Response
Posted Thu, 11 Apr 2024 14:02:32 GMT by HMRC Admin 19 Response
Hi,

You must be resident in the UK before you can open an ISA. You can see guidance here:

Individual Savings Accounts (ISAs)

RDR3: Statutory Residence Test (SRT) notes

Thank you.
HMRC Admin 5 Response
Posted Tue, 16 Apr 2024 13:34:13 GMT by HMRC Admin 5 Response
Hi Castor George

Yes you need to be UK resident to open an ISA

Thank you

 

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