What should I do, I paid into two same type of ISA in a single tax year?

I did not know that i cannot paid into 2 Cash ISA in one tax year. I just noticed now, What can i do now? How can i fix this problem? That 2 Cash ISA account all together is £9,500. And if i would like to put more money in Cash ISA in this year, what should i do?

Hi questionsam112,

You will need to decide which one to keep and close the other. HMRC will contact you in due course.

Thank you.

I paid into two same types of ISA in a single tax year. Do I need to wait for HMRC to contact me first? May I choose to close one account by myself before HMRC contacts me? In that case, if I close Bank A and transfer all the Cash ISA money from Bank A to Bank B, will the problem be fixed?

Hi,

HMRC will contact you but you can close one of the accounts.

Any transfer would need to be done by the bank rather than yourself.

Thank you.