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margrio | 20:57 Wed 04th Mar 2009 | Business & Finance
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Sorry if this sounds stupid but want to know if I put full allowance of �3600 into an isa this month (March)can I then put in more once the next financial year starts in April?
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Yes, you can.
...and provided you haven't already put any money into a cash ISA in the current tax year
Your total ISA allowance each year is �7,200 of which each year you can put �3,600 into a cash ISA.
What you can't do is put �3,000 into a cash ISA one year and then �4,200 the next year. Each year you either use the allowance in full or or part or lose it.

Better and fuller explanation can be read at http://www.carpetbagging.co.uk/definitiveguide toisas.html

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