Barneybsurfer Barnfield
Joined: 8/18/2024
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Cash ISA Transfer Rules 2024/5
My cash ISA from tax year 2023/24 matured post 6th April 2024. I provider transferred the total balance to a new cash ISA with the same provider without any break Am I right that this provider transfer does not count against my 2024/25 ISA £20K allowance and I am therefore at liberty to open another cash ISA of the same type with any other Cash ISA provider to a value of £20K, or spread my 2024/25 ISA £20K allowance across other ISA types providing the total value does not exceed £20K in 2024/25? Thank you. Post a reply -
RE: Can I open 2 cash ISA's in one tax year
A cash ISA from tax year 2023/24 matured post 6th April 2024. I provider transferred the total balance to a new cash ISA with the same provider without any break. Am I right that this provider transfer does not count against my 2024/25 ISA £20K allowance and I am therefore at liberty to open another cash ISA of the same type with this provider or any other Cash ISA provider to a value of £20K, or spread my 2024/25 ISA £20K allowance across other ISA types providing the total value does not exceed £20K in 2024/25? Thank you.