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Cash ISA account

Answer
rodders4 Rodham
Posted Thu, 07 Nov 2024 16:24:03 GMT by rodders4 Rodham
I have recently come to the end of a fixed term on my Cash ISA account. I have therefore arranged for it to be transferred to a different provider for another year. The original account had £20,000.00 in but some of the interest stayed in that account and £20,249.00 was transferred to the new provider. Is it a problem that the account now has over the £20,000.00 ISA limit?
Answer
HMRC Admin 17 Response
Posted Tue, 12 Nov 2024 12:16:32 GMT by HMRC Admin 17 Response

Hi ,
 
No as the interest is not seen as a deposit for the 20k limit .

Thank you .

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