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ISA limit

Answer
Sta
Posted Tue, 22 Oct 2024 12:31:06 GMT by Sta
Dear sir, I d like to know if I have subscribed £20K for 2023-2024 while it has been matured in Apr 2024, can I top up another £20K in same ISA account or another ISA account so that total becomes £40K please? Sorry that I have read through the HMRC page while I cannot find any answer to this. Thanks for your help in advance. Best regards Sta
Answer
HMRC Admin 21 Response
Posted Tue, 29 Oct 2024 11:54:39 GMT by HMRC Admin 21 Response
Hi,
£20K is the maximum you can deposit in your ISA in any 1 tax year. interest earned in your ISA does not count as a deposit when taking this limit into account.
Thank you.

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