A quick question on ISA's

New Horizonz Serial expat

Member since 14 February 2014

New HorizonzSerial expat30 January 2015 11:12:52

327

Are we entitled?

As the UK citizens but resident elsewhere.

GuestPoster566 ViP

Member since 18 October 2012

GuestPoster566ViP30 January 2015 11:16:26

3692

As far as I am aware - no.

tearnet ViP

Member since 19 June 2011

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 Horizonz Serial expat

Member since 14 February 2014

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?

Toon Cyprus Expert

Member since 04 June 2011

ToonCyprus Expert30 January 2015 11:42:13

10223

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 Horizonz Serial expat

Member since 14 February 2014

New HorizonzSerial expat30 January 2015 11:45:08

327

Thanks for the information.

Toon Cyprus Expert

Member since 04 June 2011

ToonCyprus Expert30 January 2015 11:48:08

10223

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...