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Posted Tue, 19 Nov 2024 09:47:28 GMT by taxpayer2000
Hello, I have been in the UK for two years. In the last tax year, due to my ignorance, I did not know about the tax benefits of the ISA accounts, and therefore I did not create them. Could I create them now and still benefit from the last tax year (£20,000 tax-free investments)? Thank you very much in advance!
Posted Fri, 22 Nov 2024 08:50:24 GMT by maxb
No, unused ISA allowance is permanently lost when a new tax year starts.
Posted Tue, 26 Nov 2024 08:25:30 GMT by HMRC Admin 19 Response
Hi,
It is too late to open an ISA for  the 2023 to 2024 tax year. You can only open an ISA for the current tax year.
Thank you.

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