ISA aprils deadline - silly question here...

[tostaky]

why does the april deadline matters?

For the amount you can have in an ISA (about 10k) you are probably not going to pay much tax if those 10k are invested elsewhere??

or does it mean that each april you can have a new isa? (first year, you have one isa account, then next year you can invest an extra 10k in a new isa, so you have both, 3rd year, you open another isa...etc)?

i dont have an isa but ive been looking into it but i have not found an answer to my question...

yes, you get a new allowance each year.
If you had put the max into a cash ISA each year you would have £45k+ generating tax free interest by now.

wow! i thought it couldnt be that because it would be too good.... Thats great news!
Thanks :-)

It doesn't have to be separate accounts you can add 10K each in to one account.

There are even a few ISA millionaires

www.ft.com/cms/s/2/836a4c76-d309-11df-9ae9-00144feabdc0.html#axzz1HXJsH1xM