Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 28 Oct 2024 11:44:47 GMT by caroline_little
Hi, I have accidently exceeded my ISA allowance for the tax year 24/25. I hold a stocks and shares ISA and a Cash ISA and only realised today that a payment I made to fund my stocks and share ISA was processed in this tax year rather than 23/24 which has pushed me over my £20k limit. Is there any action I should take? Should I remove the funds over £20k ? Thanks
Posted Mon, 04 Nov 2024 08:55:20 GMT by HMRC Admin 19 Response
Hi,
Our savings team will contact you after the year end as any interest earned over the limit will not qualify for the ISA restrictions.
Thank you.

You must be signed in to post in this forum.