| Mini-ISA / Savings Accounts [message #373756] |
So, 19 März 2006 21:33 |
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Hi All,
Can someone tell me how many Mini-ISA one person can have? Is it just one?
Also I'm looking for a decent savings account that pays good interest, but
have the ability (like IF.COM and INGDirect) where you can have multi
savings accounts under your name...
So for example.....
Under ING direct under one account you can have multi savings accounts....
Christmas Money...
Holiday Money
.... and so forth.
But I'm sure there's other companys offer the same with better interest, Got
a few thousand to save.
Glen.
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| Re: Mini-ISA / Savings Accounts [message #373757 ] |
So, 19 März 2006 21:43 |
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"Glen." <me [at] mail.com> wrote in message
news:121rg00pk7tei74 [at] corp.supernews.com...
> Hi All,
>
> Can someone tell me how many Mini-ISA one person can have? Is it just one?
>
> Also I'm looking for a decent savings account that pays good interest, but
> have the ability (like IF.COM and INGDirect) where you can have multi
> savings accounts under your name...
>
> So for example.....
>
> Under ING direct under one account you can have multi savings accounts....
>
> Christmas Money...
>
> Holiday Money
>
> ... and so forth.
>
> But I'm sure there's other companys offer the same with better interest,
> Got a few thousand to save.
>
> Glen.
>You can have one Mini Cash Isa per tax year and invest a maximum of £3000
>in it.You are only allowed to open an MCIsa with one provider per tax year
>although there is nothing stopping you transferring from one to another.
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| Re: Mini-ISA / Savings Accounts [message #373758 ] |
So, 19 März 2006 21:43 |
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"Glen." <me [at] mail.com> wrote in message
news:121rg00pk7tei74 [at] corp.supernews.com...
> Can someone tell me how many Mini-ISA one person can have? Is it just one?
Each tax year (6 April - 5 April) you can open:
a) One Maxi ISA or
b) One Mini Cash ISA or
c) One Mini Share ISA or
d) One Mini Cash ISA + One Mini Share ISA.
Take your pick - they are all right:)
Then next tax year you will have the same choice and the "old one(s)" you
opened the year before can remain open but you can't add any new funds to
it..
You may find the following useful:
http://www.fool.co.uk/school/2006/sch060220.htm
http://www.fool.co.uk/school/2006/sch060222.htm
http://www.fool.co.uk/school/2006/sch060224.htm
Regards
Sunil
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| Re: Mini-ISA / Savings Accounts [message #373759 ] |
So, 19 März 2006 23:13 |
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In message <485u3eFifj9lU1 [at] individual.net>, Sunil Sood
<news [at] soods.freeserve.co.uk> writes
>
>"Glen." <me [at] mail.com> wrote in message
>news:121rg00pk7tei74 [at] corp.supernews.com...
>> Can someone tell me how many Mini-ISA one person can have? Is it just one?
>
>Each tax year (6 April - 5 April) you can open:
Suggest you replace the word 'open' with 'contribute to'.
>
>a) One Maxi ISA or
>b) One Mini Cash ISA or
>c) One Mini Share ISA or
>d) One Mini Cash ISA + One Mini Share ISA.
>
>Take your pick - they are all right:)
>
>Then next tax year you will have the same choice and the "old one(s)" you
>opened the year before can remain open but you can't add any new funds to
>it..
Yes you can, but if you do, you use up your options as above.
--
John Boyle
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