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ISA Allowance

Posted Wed, 31 Jan 2024 13:28:37 GMT by
Good afternoon. My friend opened an ISA account in JAN-2023 and another one in MAY-2023. There are £20,000 in both accounts. Is this considered to be going over the ISA allowance? Thanks!
HMRC Admin 25 Response
Posted Fri, 02 Feb 2024 10:02:08 GMT by HMRC Admin 25 Response
Hi Hyperion Yam,
No, as this is 2 different tax years.
Thank you. 

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