Mini ISA's

Jan 23, 2006 2 Replies
W

At present I have 3000 in a mini isa which was opened on the 01/06/2005. A couple of questions:


  1. Can I open another mini isa with the max 3000 on the 5th April or do I have to wait until my first isa matures.


  1. When my first isa matures does the lump sum and interest continue to attract the headline isa rate for another year and can I combine it with the new 3000 isa making it a 6150 isa.


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J

The former. You get an allowance of 3k a year starting in April. You could put 3k in in March and another 3k in in April - separate tax years.

Yes usually (i.e. unless the specific provider says otherwise), and yes.

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J

In message , W Wallace writes

No. Wait until the 6th April.

Probably, but that is up to your ISA provider. It is not part of the ISA rules.

As above.

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