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tax-free ISA - Can a person save for the past tax year now?

Posted Wed, 06 Sep 2023 12:05:00 GMT by
Mr. A did not open an ISA account in the tax year 2021-22 and he was a UK tax resident in this tax year. The maximum he could save in ISAs is £20000 in the 2021-22 tax year as per tax rule. Please advise if Mr. A can save another £20000  for the tax year 2021-2022  in his existing ISA account now?  How to distinguish this £20000 from the one invested for tax year 2023-24?
HMRC Admin 32 Response
Posted Tue, 12 Sep 2023 08:16:48 GMT by HMRC Admin 32 Response
Hi,

It can only be done during that tax year.

Thank you.

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