Alan Kwok

Hi Mark, Many thanks for your reply and confirming what I suspected was allowed. Unfortunately HMRC do not know their own rules. And unfortunately I have already moved my matured ISA to the current active ISA I'm paying into at a much less interest rate than a fixed ISA I COULD have transferred it to. Very frustrating! Again thanks for your reply and I will follow your advice in future. Alan

Hi HMRC Admin 25 Thank you for replying and sending me the details of ISA page but I'm afraid it doesn't answer my question. In short I want to open two cash ISA's in the same tax year. A flexible ISA to use to pay/withdraw fund. A fixed ISA to transfer my matured ISA but will not be paid in to. I have researched this topic and I get conflicting views. Some say I can't open two cash ISA's in the same tax year, but then some say opening and transferring are not the same so if I am transferring an ISA and don't plan on funding it with new money it doesn't count as opening a new ISA. Thanks for your time and look forward to your reply.

I have two ISA's currently. 1. A fixed Cash ISA that matures in the next few days which was opened on 24th October 2022. No funds have been paid into this ISA since December 2022. 2. A Cash ISA opened on 5th April 2023 and I have paid funds into it this tax year and will continue to do so. Can I transfer the maturing fixed Cash ISA into a new ISA with no intention of paying funds into it? Or can I only transfer the maturing ISA to the current ISA i am funding?