ym92

Dear HMRC Admin, I have an existing ISA that was opened in July 2023 with the following details: [A] Fixed-rate 1-year cash ISA paid monthly - with the account closing end-July 2023 I have read that the new changes in ISA rules for FY2024/25 allow the opening of multiple ISAs of different kinds (i.e. more than one cash ISA, more than one S&S ISA...etc.) as long as I am within my GBP 20,000 limit. My bank says it has not fully signed up to the new rules, and will only allow opening two ISAs of the same type per person, per year. That's fine for my purposes. I would like to open two new cash ISAs with the same bank where cash ISA [A] is held: [B] Fixed-rate 1-year cash ISA paid monthly [C] Instant access flexible cash ISA paid monthly Questions: (1) Keeping in mind my GBP 20,000 allowance for the current FY2024/25, can I still contribute to the fixed-rate cash ISA [A] opened in FY2023/24? (2) Can you confirm that I can open the TWO new cash ISAs [B] and [C] for this year (FY2024/25)? (3) By the end of cash ISA [A]'s term, I intend to move its balance to fixed-rate cash ISA [B] through the transfer mechanism. I understand this will not be counted towards my GBP 20,000 allowance for the year, am I right? (4) I also plan to open a [D] S&S ISA (or S&S LISA) with another provider and contribute to it while ensuring I am within my allowance. Is this possible? Knowing that by then, I will have three new ISAs opened in FY2024/25: [B], [C] and [D]. Many thanks!

Hello HMRC Admin, I am a UK resident for tax purposes with a Skilled Worker Visa. My visa does not allow me access to public funds. My employer has automatically added me to a pension operated by Nest. Almost every month, Nest automatically ticks 'yes' for my legibility for UK tax relief which as far as I understand is a 20% top-up on my pension contributions - I only contribute from my salary through PAYE as set by my employer, no sacrifices or any other injections of any kind. To be on the safe side, and to make sure I fully comply with my visa rules, I have been ticking this 'no' [i.e. not eligible] in fear that the tax relief is a form of public funds. But Nest keeps on ticking it back, despite calling them in the past and asking them not to. My main question: Is the HMRC tax relief on my pension contributions from my monthly salary considered 'public funds' for visa purposes? Thank you in advance.