What happens when an existing ISA has come to the end of the year?

Hi,

You can open a new cash ISA and a new investment ISA each new tax year (begins 6th April each year).

You can leave previous years' ISAs where they are or transfer them (either in total or in part) to achieve a better return.

JUST LEAVE THE 1ST ONE INVESTED TO HOPE FULLY KEEP GROWING, AND INVEST AGAIN IN THE NEW TAX YEAR ALL INTEREST IS TAX FREE.

You can add to the previous one or open a new one. Personally, I open a new one with the best rate. Then, at my leisure, I look at all my previous years' ISAs and TRANSFER them if there's a better rate by asking the new provider (assuming they allow transfers in) to do the transfer paperwork. DO NOT close the old one and open a new one. I also try to keep ?100 in the old ones just in case there's a privatisation!