RichardCambridge

The following answer from HMRC Admin 20 above is totally at odds with what I’ve read online: ‘ You cannot open 2 cash ISA in the same tax year. You can open 1 and transfer the funds from another into the new one as long as you havent paid any funds into the existing one.’ My understanding is that transferring a previous tax year’s ISA from one provider to another does not constitute opening a new ISA - nor does it affect your ISA allowance for the current tax year. Why is the Inland Revenue providing what appears to be incorrect advice on this matter.