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Posted Tue, 08 Oct 2024 12:01:44 GMT by PSize
I have just opened a cash ISA, investing first £1 to test the transaction then £15,000, totalling £15,001 I have also just opened a stacks and shares ISA with £5,000 invested. I forgot I have a standing order for £25/month into a third (cash) ISA - having paid in £175 this financial year I have therefore over-invested in ISA's this year by £176. Please advise on my best course of action to rectify this and prevent losing gains from the ISA's. Thank you
Posted Thu, 17 Oct 2024 12:52:14 GMT by HMRC Admin 20 Response
Hi,
You will need to decide which account to cancel as an ISA and stop any further payments until after 06/04/25.
Thank you.

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