ml1
-
RE: Accidentally paid in more than £20,000 in one tax year to 2 cash ISAs
Hi, I have a Stocks and Shares ISA and have used up my full allowance this year. Due to recent stock market volatility, I decided I would prefer to move my funds to a new Cash ISA. To be certain of getting a bonus rate I needed to make a deposit of 1 pound. I made the deposit to the Cash ISA and withdrew 1 pound from the Stocks and Shares ISA. It took a day or two for that withdrawl to be processed. So technically, I will have been 1 pound over my allowance for a few days. Is this something HMRC are going to be worried about ?