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Posted Thu, 08 Aug 2024 08:02:16 GMT by BeeeePeeee
Hi, I accidentally opened two S&S ISAs this year. The first S&S ISA I deposited 10K and have invested the money. The second S&S ISA I deposited 10K but have NOT invested the money/purchased any S&S’s. Would you recommend that I simply close the second S&S ISA by contacting the provider? Also, would I be able to then simply TRANSFER the deposit to a CASH ISA instead? Many thanks!
Posted Wed, 14 Aug 2024 08:28:47 GMT by HMRC Admin 18 Response
Hi,

If you have oversubscribed in the current tax year, 2024/25, then please contact the ISA provider to instruct them to remove overpayment amounts to correct the error. 

Thank you.
 

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