Total ISA novice

[MissTweed]

I have an amount of money sitting in a savings account not doing a lot (don't intend to use this money) and never really understood ISAs.

As I understand it now.... On 6th April you can open a new ISA but....
If I open one today, then another in April will I then have 2 or does the first one stop?

If this is the case (getting two and can add to this number ever year) is it worth opening one today, also getting my DH to open one today and both of us opening one in April so we have 4?

MTIA

I think the limit is in how much you can add (tax free) to an USA each year - April to April. So you could open a Ida now and put whatever the max is in now and then top up again after April when its in the next tax year.

ISA not USA/ida

"If this is the case (getting two and can add to this number ever year) is it worth opening one today, also getting my DH to open one today and both of us opening one in April so we have 4?"

Yes absolutely. You can either open up new ISAs or add to existing ones.

Yes you can each pay in up to the ISA limit (currently c £11k) in each tax year.

So in theory you and your dh could each pay in to your ISA £22k on 5th April and then open 2 new ISAs for the following tax year with another £22k on 6th April