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Topped up my Investment ISA

Answer
Jalal Assir
Posted Tue, 03 Sep 2024 23:08:17 GMT by Jalal Assir
Hi, I have recently opened an Investment ISA with my bank in hopes to get some return on my money. I have deposited the exact amount £20000. Does this mean that I won’t be able to recieve any profit into my ISA? And if I do will it be subject to taxation?
Answer
HMRC Admin 32 Response
Posted Thu, 12 Sep 2024 09:13:11 GMT by HMRC Admin 32 Response
Hi,
No you still qualify for the interest as this doesnt count as a deposit of funds by you.
Thank you.

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