Bazzag25

Hi HMRC Admin, The 24/25 FY ISA ‘splitting’ rules are still causing confusion. My wife and I put 25% of our ISA allowance into accounts held for many years. Due to FSCS concerns, 25% was also put into new cash ISAs (fixed term) with another supplier. We intended to put the remaining 50% into these new accounts when the funds became available. However, when these funds became available, we were told we could not add them to the second ISAs. We now have 50% of our annual ISA allowance sitting in taxable limbo. Pursuing opening another cash ISA (fixed term) with the remaining allowance we were told we could not as current HMRC rules prohibited this. We were also told to contact HMRC to find out if we had broken their ISA rules by opening the second cash ISA accounts. HMRC appears to have answered the ‘splitting’ question months ago, however, this continuing problem seems to be due to suppliers not understanding it and/or their IT systems being incapable of handling it. However, not wishing to break current HMRC ISA rules, should we have opened the second cash ISA account, and are we entitled to put our remaining 50% allowance into a cash ISA (fixed term) with a third supplier? Thank you