Post by dave4 on Apr 10, 2023 11:20:56 GMT
Have a quick Query about isa rules.
There are 4 types of ISA:
cash ISAs
stocks and shares ISAs
innovative finance ISAs
Lifetime ISAs (not applicable as im old)
You can put money into one of each kind of ISA each tax year.
Have decided to use this years isa allowance in a p2p platform that i currently already have a ifisa account (loanpad) and i believe i can just add my fresh funds in without opening another account? ie adding to the same ifisa account. So later in years isa year i have a cash isa maturing, and was wondering if i can now open another isa account with another p2p company (say kuff or unbolted) and transfer my mature funds in there???, or do i have to go cash isa / stock and shares isa?
thanks
There are 4 types of ISA:
cash ISAs
stocks and shares ISAs
innovative finance ISAs
Lifetime ISAs (not applicable as im old)
You can put money into one of each kind of ISA each tax year.
Have decided to use this years isa allowance in a p2p platform that i currently already have a ifisa account (loanpad) and i believe i can just add my fresh funds in without opening another account? ie adding to the same ifisa account. So later in years isa year i have a cash isa maturing, and was wondering if i can now open another isa account with another p2p company (say kuff or unbolted) and transfer my mature funds in there???, or do i have to go cash isa / stock and shares isa?
thanks
