Hi
I have had an ISA for the last few years and have always paid in the full allowance. What I'd like to know is, can I open another ISA with another provider and pay in the full allowance...ie £3,600 in one and another £3,600 in the other..

Assuming that this is correct, can I then open a new ISA each year and invest £3,600 in each one, each year?

I was always under the impression that an individual could only hold ONE ISA at any one time...?

Thanks in advance

Andy

sorry but i dont think you can have more than one ISA you have to give your national insurance number when you open one and that is how they check what you have as it is tax free (am not an expert only a saver!)

No, you can only invest in one* ISA in each financial year but you can still keep the ISAs from previous years from different banks - you do not have to transfer them!

See http://www.hmrc.gov.uk/isa/faqs.htm

is it possible to backdate cash isa's ,as I have never used them??

Backdate? As in, Mr/Mrs Bank Manager, can you pretend this money I'm about to give you today has been sitting in your bank since 1999 and can you add on all the interest it would have accrued? No.

And no, you can't backdate or accumulate just the capital of the missed deposits either.

Backdate ISAs? I'd love to have one for every year of my life!