mm29

Hi. Thank you for answer. Can I leave it as it is? Will anything happen if I don't contact the supplier? If I overpaid 20,000 I will pay tax from the time of overpayment moment. Do I understand this correctly? Will HMRC contact me about this tax? Thank you

Hello. In tax year 23/24, I had a flexible ISA account opened with an amount of 20,000 which matured in September 2024. I thoughtlessly opened a new account in another Bank and deposited 20,000 there but this is the 24/25 tax year. I think I've exceeded the limit, but I'm not sure. Have I exceeded the limit by 20,000? . That's a lot? What should I do now and will I pay the fine? In what amount.? That is, nothing from my saving??? Thank you very much for the answer.