A quick question on ISA's

Last activity 30 January 2015 by Toon

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New HorizonzSerial expat30 January 2015 11:12:52

327

Are we entitled?

As the UK citizens but resident elsewhere.

GuestPoster566ViP30 January 2015 11:16:26

3692

As far as I am aware - no.

tearnetViP30 January 2015 11:17:51

2179

Who can open an ISA?

A.
You need to be a UK resident aged 16 or over to open a cash ISA, or aged 18 or over to open a stocks & shares ISA. You can't open an account together with someone else, or on behalf of someone else.

http://www.moneysavingexpert.com/saving … ithout-tax

Terry

New HorizonzSerial expat30 January 2015 11:20:48

327

If an account already exists from previous years...

1. Can it be topped?
2. Can it be left as is, or should be closed?

ToonCyprus Expert30 January 2015 11:42:13

9838

you can leave existing isas where they are they will still accrue interest but you cannot legally top up or take new ones..

dont close them - there is no requirement for you to close them if you reside somewhere else

New HorizonzSerial expat30 January 2015 11:45:08

327

Thanks for the information.

ToonCyprus Expert30 January 2015 11:48:08

9838

a good few years ago i was told by the bank to close mine so i did... but i didnt realise till it was too late that i didnt actually have to close them..... just stop adding to them...

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