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Cash ISA's

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Old 30 December 2003, 07:13 PM
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Duane Dibley
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Is it possible to have more than one mini cash isa, in a financial year? Currently have one with a high street bank but have invested my £3k allowance already and want to know if i can start another to save putting my cash under my bed!

Cheers.
Old 30 December 2003, 08:06 PM
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paulr
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Exclamation

You can only invest a max of 3k in any tax year,wether thats in one ISA or spread over any number.Its the amount of money invested,not the number of ISA's that is limited.
April is the new year.

[Edited by paulr - 12/30/2003 8:08:33 PM]
Old 30 December 2003, 08:11 PM
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pugoetru
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you can invest 7k per year but only 3k in cash
Old 30 December 2003, 08:17 PM
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Duane Dibley
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Thanks for that.

Looks like i will have to put my money in a biscuit tin 'till april '04.

Then again I could always go out on the lash!
Old 31 December 2003, 09:40 AM
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3times
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some investment houses allow you to invest in cash funds, this way you can put the full 7k in cash.
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