Mini Cash ISAs

[ceejay123]

I thought that one could invest �3000 in any one year but also add up to �3000 in a different ISA in that year.
It seems I might be wrong i usually am.
If someone opens two mini ISA s in the same year or opens one and adds to another is it likely they would get "caught". What would be likely consequences. After all one can invest �7000 in a "maxi"
We have just been penalised by this Government �200 for saving in a high,, 6%,,interest account!
We try to be thrifty but get shafted for it!!

[CheekyChops]

You will get 'caught' and one account will be closed with no interest. All ISAs are reported to the IR when they are opened, to comply with the tax side of things, they will know if you have two.

I found this on Dudley Building Societies website and I imagine all other financial institutions will be the same:

If in error, you open two ISA's in the same year and the Society is advised by the Inland Revenue to close your ISA, no interest will be paid

[dasherman]

You can pay �3,000 into a mini cash ISA and �4,000 into a mini shares ISA in the same tax year.

[ceejay123]

Sorry but me and shares are history.
I could not pick me nose and all share investment of mine have been sh**e including unit trusts which are supposed to be selected by professionals.

So its back to ordinary accounts so I can give it to this F*****g government.
Many thanks Chris