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Posted Mon, 18 Dec 2023 09:59:05 GMT by
Hi, I would like to clarify rules regarding using multiple ISAs (different types within the same tax year). To provide some context: - earlier this year I opened a fixed cash ISA at the maximum value 20k and closed the account later in the year before maturity - from past years I have an open stocks and shares ISA (to which I haven't contributed in this tax year) - I have received company stock that is currently held in a corporate sponsored nominee account from a sharesave scheme which as I understand can be transferred into an ISA within 90 days from receiving the stock I would like to clarify is whether the fact that I had opened the fixed cash ISA means that I used up my full annual allowance or whether I could transfer the stock into my existing stocks and shares ISA? Many thanks!
Posted Thu, 21 Dec 2023 15:59:25 GMT by HMRC Admin 25 Response
Hi Anna Smith,
As £20,000 is the maximum you can contribute in any one tax year, as you have in put this into a cash ISA already.
You cannot contribute any more to any type of ISA until after 06/04/24.
Thank you. 

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