Jellana

Thank you for reply! I got advice from you that 2nd ISA should be closed. But I opened that 2nd ISA a week before Tax year 2024/2025 and actually we are in the new tax year now anyway. Should I still close it NOW to basically open it again straight after that? (because I still want to use that 2nd ISA in Tax year 2024/2025). Or I should just keep it and use for my 2024-2025 ISA allowance? Thank you.

Stock & Shares ISA: I opened second Stock & Shares ISA in Tax year 2023/2024 not realising I could not do that. I opened this second ISA a week before tax year end and paid £1000 into it. As soon as I realised I should not be doing that I initiated the process of withdrawing the money from that ISA, but it wasn't complete before Tax year 2023/2024 ended. What should I do now? In Tax year 2024/2025 I am now allowed to put money into several Stock & Shares ISAs. Can I just keep that £1000 in the 2nd Stock & Shares ISA to count towards my allowance in Tax year 2024/2025? What is the implication of my mistake of having money in that ISA in Tax year 2023/2024?