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Posted Mon, 18 Mar 2024 09:10:54 GMT by jingplus
As i know ISA can be fully transfer from [last year ISA account] to [current year ISA account] and this will consider create new ISA account My questions 1. My last year ISA should make some interest let say basic £20,000+ interest £800 in total £20,800, then ISA transfer normal require transfer all amount to new ISA account, if the new ISA account does not allow withdraw within the year , What will happen with that £800 interest ? 2. If my last year ISA have £20,000 (+£800 interest) then i transfer to new current year ISA account , is that means i already use up all this year ISA limit (assume it remain £20,000 limit)
Posted Fri, 22 Mar 2024 07:53:27 GMT by HMRC Admin 25 Response
Hi jingplus,
The maximum you can transfer into the ISA is £20000.
Any surplus cannot be placed in the ISA.
Thank you. 
 

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