A cash ISA is an “Individual Savings Account”, with tax free interest. This type of account is for individuals to save money without incurring tax on the interest earned.
It is not possible to have a joint Cash ISA as they are Individual Savings Accounts.
Yes, you can open a combination of ISA’s in each tax year across different providers as long as you don’t exceed the overall annual ISA allowance of £20,000.
The tax year runs from April 6th of one year to April 5th of the following year.
Current tax year funds are new financial contributions that have been deposited into a Cash ISA in the ongoing tax year.
Previous tax year funds are old contributions that were deposited into a Cash ISA in previous tax years.
No, your ISA allowance will be used in the tax year that we receive your deposits. Any deposits received in a new tax year, for an ongoing ISA will count for the new tax year.