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Posted Sat, 14 Dec 2024 13:41:40 GMT by davnig
Hi, current situation is that I have 2 ISAs Cash - 10k Shares - 10k so effectively maxed out for 24/25 tax year currently My problem is that in Feb 25 I have a company sharesave scheme maturing and the shares have done madly over the option price, basically 500%+ increase ( I know, feel very fortunate), and rise will be more than 3k. In order not to incur CGT the company advice is to put in ISA. So my question Can I reduce my current holding by withdrawing either from the Cash ISA or Share ISA and that would reduce my ISA holdings to below 20k and could I then open a new ISA for my sharesave options? Thank you :)
Posted Fri, 20 Dec 2024 14:09:49 GMT by HMRC Admin 19 Response
Hi,
You can open more than one ISA, but if you have contributed the £20000 for this current tax year, then you cannot make any further deposits until after 6 April 2025.
Thank you.

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