Hey guys, I have a few questions and was hoping you could help!
I've got a help-to-buy ISA, opened on 18/01/16 with £1000. I've paid in £200/month since, so currently have £3200 in total there. I know the limits to saving in an ISA per year is £15240, but unsure exactly how those limitations work.
As the ISA was opened in the prior financial year (April 15-16), can I open another one in this financial year (April 16-17)?
If so, can I continue paying into my existing ISA as well as a new one?
If I can just have the one, and being help-to-buy, can I top it up as much as I can before April, or do I have to just let it run it's course on £200/month max?
I've recently been gifted a little money, so just looking to maximise my benefits with regards to ISAs here. Thank you!
I've got a help-to-buy ISA, opened on 18/01/16 with £1000. I've paid in £200/month since, so currently have £3200 in total there. I know the limits to saving in an ISA per year is £15240, but unsure exactly how those limitations work.
As the ISA was opened in the prior financial year (April 15-16), can I open another one in this financial year (April 16-17)?
If so, can I continue paying into my existing ISA as well as a new one?
If I can just have the one, and being help-to-buy, can I top it up as much as I can before April, or do I have to just let it run it's course on £200/month max?
I've recently been gifted a little money, so just looking to maximise my benefits with regards to ISAs here. Thank you!
