Hello, i have an existing Tessa maturity ISA(cash). As it is now the new tax year,how much can i add to it,and also,can i open a new isa for this year as well??
thanks
jo
- posted
19 years ago
Tessa maturity ISA ?
Loading thread data ...
- Vote on answer
- posted
19 years ago
Bitstring , from the wonderful person tarquinlinbin said
Nothing (beyond accumulating the interest). A TOISA (Tessa Only ISA) is what it says on the box - maturity proceeds from a TESSA =only=. Now a very few institutions allow you to 'bundle it up' with a mini-cash ISA, but most insist on keeping them strictly separate.
Yes. 3k cash Mini ISA =plus= 4k shares Mini ISA, or a 7k Maxi ISA. Either as new one(s), or additions to existing ones (but not to a TOISA)
- Vote on answer
- posted
19 years ago
I could be wrong but I believe that you can not invest additional monies into a "Tessa ISA" under any circumstances. You can of course invest in normal maxi/mini ISAs.