O/T ISA Question

I plan on putting my full allowance into a 3 year fixed rate isa, at a competetive rate.

I'm just wondering, will I still be able to put another 5k or so into a different isa for next years financial year - alongside the 3 year one from this year?

Thank you

I plan on putting my full allowance into a 3 year fixed rate isa, at a competetive rate.

I'm just wondering, will I still be able to put another 5k or so into a different isa for next years financial year - alongside the 3 year one from this year?

Thank you

i thought you were only allowed one isa ... not 100% though but kind of!

Yes
Investment limits

In the 2011/2012 tax year, the total annual ISA allowance has increased to £10,680 which can be invested as follows:
Stocks and shares Up to £10,680 less the amount of any money deposited in a cash ISA
Cash Up to £5,340
Overall maximum investment £10,680

Thanks for the help, still a bit murky though.

I know about the 5340 - what I mean is, if I put that into one for this year (11/12), that lasts three years, will I have to wait 3 years before I can put cash into ANY other cash isa? Or does it roll over?

You can open another one next year as well,you are aloud 5340 everyyear in a cash isa

You can open another one next year as well,you are aloud 5340 everyyear in a cash isa

Thank you Albert you gent