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Exceeding my cash ISA limit

Posted Tue, 08 Aug 2023 07:01:39 GMT by
Hello by mistake opened two 2 year fixed cash ISA In May 2023 with two different lenders both with identical interest spoke to both lenders about it just wanted advice on the best practices thanks
HMRC Admin 10 Response
Posted Fri, 11 Aug 2023 10:57:40 GMT by HMRC Admin 10 Response
Hi
As you are only allowed 1 cash ISA, you will need to decide which one your are keeping and close the other.
HMRC will contact you in due course re any interest applied.

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