Pat
Joined: 4/9/2024
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Junior and Adult ISA allowance
My 16 year old has a pre existing stocks and shares junior ISA and an adult cash ISA which was opened in the 23/24 tax year For the 24/25 tax year what is she able to contribute to her junior ISA and to her adult cash ISA? Is the limit £20k across both combined, or is she able to contribute £9k to junior ISA and £20k to adult cash isa as per previous tax year, or only to one of either? Much appreciate HMRC guidance Thank you -
ISA allowance 16yo
My 16 year old has a pre existing stocks and shares junior ISA and an adult cash ISA which was opened in the 23/24 tax year For the 24/25 tax year what is she able to contribute to her junior ISA and to her adult cash ISA? Is the limit £20k across both combined, or is she able to contribute £9k to junior ISA and £20k to adult cash isa as per previous tax year, or something else? Thank you