I know the ISA rules will change next April, but in the mean time, if I transfer a cash ISA to another provider, and I haven’t yet used up my full allowance, can I then pay into the new ISA once the transfer is completed?
My logic says yes, but the govt rules say “only pay into one cash ISA per tax year” and I don’t know how (in)flexibly they interpret that.
You can open as many as you like but can only contribute to one of each type each year. This will change in April 2024 and you will be allowed to contribute to more than one of the same type subject to a maximum of £20,000.