Jade Wong
Joined: 3/24/2024
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RE: ISA Transfers and new ISAs
Hi, I have below situations regarding Cash ISA Tax Free accounts: Barclays: 1. One Flexible Cash ISA account- (1 Year Fixed Rate) with £20,000 opened on 24 Mar 2023 and received interest of £641.75 on 23 Mar 2024. – For Tax Year 2022-23 Lloyds Bank: 1. 1st Cash ISA Account- (1 Year fixed Rate) with £20,000 opened on 28 Mar 2023 and received interest of £767.84 on 25 Mar 2024. – For Tax Year 2022-23 2. 2nd Cash ISA Account- (1 Year fixed Rate) with £20,000 opened on 10 May 2023 and received interest of £694.05 on 2 Apr 2024. – For Tax Year 2023-24 Could you please help to clarify if there is any cash ISA over allowance for tax free year 2022-23 and need to be taxable? Many thanks,