carolhlt.uk
Joined: 6/18/2024
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RE: ISA Transfers and new ISAs
Hi, HMRC admin, I have the following conditions for my ISA acounts and would like to have some clarifiction. In Oct 2022 (in tax year 2022-2023), I opened a 2-year fixed rate ISA in Lloyds Bank and put £15000 in. In Oct 2023, I had £544.44 interest (I believe this part should be tax free in tax year 2023-2024). I will have another £544.44 interest in coming Oct 2024. In Apr 2023 (in tax year 2023-2024), I opened a 1-year fixed rate ISA in Lloyds Bank and put £20000 in. In Apr 2024, I had £796.49 interest. So in tax year 2024-2025, are both interests I receive above (in Oct 2024 and Apr 2024) tax free? Many Thanks.