In short, it’s an HM Revenue and Customs (HMRC) rule. When you open an ISA, HMRC requires that you sign an ISA declaration form to confirm that you’re eligible to subscribe to your ISA.

If you continue to fund that ISA every year after that, your declaration carries over. But if you miss a tax year, you’ll have to redeclare if you want to fund your ISA in future.

For example: if you had an IFISA with us in 2017/18, then decided not to fund in 2018/19, you’d need to redeclare if you wanted to invest in one with us in 2019/20.

If you are in this situation – you will find a link on your ISA summary to redeclare. Once you have done this, you can start funding again.

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