Limit on NatWest ISA account?
| Author | Message |
|---|---|
|
Written on: 09.01.2010 [08:04]
|
|
|
Lucie
Lucie
Topic creator
Posts: 2
|
I don’t seem to understand the situation that I have gotten myself in to. I had a NatWest ISA account and then I opened another with Halifax. But then I wasn’t very pleased with the service that I received with Halifax so I transferred that one in to my NatWest ISA account and now I was hoping to transfer it to the new HSBC mini Isa but when I went in they said that I had broken he law and that I wasn’t allowed to have more than one ISA per year. If this is true then how was I able to transfer the first amount? Shouldn’t they have told me then? How much am I going to be fined if they find out? I think this is very silly when I was never informed of this, how am I supposed to know this if no one mentioned anything when I opened either ISA. |
|
Written on: 11.01.2010 [03:37]
|
|
|
Deepa
Deepa
Posts: 2
|
I think you are a little confused, well either you are or HSBC’S staff are! You are allowed more than one ISA in a year, you can have as many as you like however there is a limit to how much you are allowed to put in these ISAs in any set tax year, so perhaps they are telling you this as you have gone over the amount you are allowed to deposit. I would check it out. Perhaps look on the ISA pages here, they have some very good information: http://www.monetos.co.uk/investment/tax-free/individual-savings-accounts/ |
| Also very interesting: | |
|
Written on: 13.01.2010 [01:57]
|
|
|
Adam
Posts: 5
|
I am not sure about this one, I mean I thought the rules said you cant open more than one ISA year, but maybe it is just to do with the limit, but then again how could they keep a record of how much you are putting in each year if you have more than one account? |
