From 6 April 2024, the age you can open an adult Cash ISA has increased from 16 to 18.
If you’re 16 or 17 and already have an adult Cash ISA with us, you can continue to subscribe as per the terms of your ISA, up to the annual statutory limit. You can also transfer an existing cash ISA from another provider. Current tax year subscriptions must be transferred in full, and the account with your other provider closed. Partial transfers of previous years subscriptions are allowed.
Previously 16 and 17 year olds could have both a junior and an adult Cash ISA and subscribe to both until age 18. From 6 April 2024, you can only have and subscribe to one Cash ISA until you’re 18. If you already have both an adult and a junior Cash ISA with us, you can continue to subscribe to one of the ISAs up to the annual statutory limit per tax year (£20,000 for an adult ISA, £9,000 for a junior ISA). If transferring from another provider, any current year’s subscriptions must be transferred in full.