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  5. Do I need to open a new Cash ISA each tax year?

Do I need to open a new Cash ISA each tax year?

You don’t need to open a new Cash ISA every tax year. Once the end of the tax year approaches, your existing ISA will roll into the next year. However, if you don't pay any money in your existing smile ISA during a tax year, you will need to contact us to refresh your ISA and make a new declaration, if you want to make a deposit in a different tax year.

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