Quick banking question

[gegsongegsonlegs]

Can I have more than one isa?

Is the limit, 20k I think, per isa or across multiple isa’s?

Thanks in advance.

 

[peachy]

Isa info

From Skipton Building Society

 

[fook]

Yes you can, 20k combined

 

[Cheese n Ipa]

You can have many cash ISA's, as long as you don't contribute to more than one per tax year. So if you put a quid in one with Lloyds but also have others running still from previous tax years, then you can't add more money to the rest. You can however open a stocks and shares ISA in the same tax year and add to that (as long as your 20k hasn't been used up between the two, so 10k in cash isa and 10k in s&s isa for example).

 

[gegsongegsonlegs]

Thanks for the replies people, was a bit confused. So it’s a 20k limit regardless of how many isa’s you have. Cheers.

 

[chunkyshanhawk53]

Thanks for the replies people, was a bit confused. So it’s a 20k limit regardless of how many isa’s you have. Cheers.

It’s 20k a year. Not capped at 20k

 

[Darlo1973]

Thanks for the replies people, was a bit confused. So it’s a 20k limit regardless of how many isa’s you have. Cheers.

If you have a few ISAs from previous years then it can be worth merging them. The £20k doesn't apply to transfers, just new money and old accounts often have terrible interest rates.

 

[gegsongegsonlegs]

If you have a few ISAs from previous years then it can be worth merging them. The £20k doesn't apply to transfers, just new money and old accounts often have terrible interest rates.

Only have two mate, one is a fixed Isa for 2 years. It has 20k in it, I’ve another with a couple of pound ( had it ages) that I was going to use to squirrel a few quid away for emergencies if I needed it. Was a bit worried about putting money in it incase I was doing anything wrong.

Only just started doing my own banking after a divorce so just wanted to be sure.

 

[42]

It's worth also pointing out that from April you can have & subscribe to as many ISA's as you want as long as you don't go over the annual £20k limit.

Only have two mate, one is a fixed Isa for 2 years. It has 20k in it, I’ve another with a couple of pound ( had it ages) that I was going to use to squirrel a few quid away for emergencies if I needed it. Was a bit worried about putting money in it incase I was doing anything wrong.

Only just started doing my own banking after a divorce so just wanted to be sure.

Are they with same or different banks? As quite often if with same bank you can have a mixture of fixes & easy access as they're grouped together under the same umbrella

 

[gegsongegsonlegs]

It's worth also pointing out that from April you can have & subscribe to as many ISA's as you want as long as you don't go over the annual £20k limit.


Are they with same or different banks? As quite often if with same bank you can have a mixture of fixes & easy access as they're grouped together under the same umbrella

Same bank mate.

 

[42]

Same bank mate.

Prob have nowt to worry about then, but in 2 months time it's then a more ofva free for all anyway.

 

[High Entropy]

Edge yourself with little tickles throughout the day, it makes the finish more intense.

Your welcome.

 

[Select coaches]

If you have a few ISAs from previous years then it can be worth merging them. The £20k doesn't apply to transfers, just new money and old accounts often have terrible interest rates.

But don’t draw the money out then put it back in, as above must be a transfer