Beware The 'Trap' With Help To Buy Isas

First-time buyers who are planning to open a Help to Buy ISA when they become available in autumn have been warned against putting money into a cash ISA after April 6, when the new tax year begins. Those who either open or top-up an existing cash ISA from April 6 will not be able to take out a Help to Buy ISA until April 2016, because savers cannot subscribe to both accounts in the same tax year. According to the Treasury the Help to Buy ISA will be treated like a cash ISA, meaning that only one of these accounts can be opened per year. Read more on the Daily Telegraph website.