What happens when I use all my ISA allowance?

ritchie840

I have payments of £300 per month paid automatically in to me HSBC e-ISA. I also put any spare cash in to the ISA. When i reach £3600, will the payments of £300 automatically stop? or will they continue to be paid in and just not earn interest?

Thanks for any help

debbie42

You shouldn't put more than £3600 into a cash ISA in the tax year. It's up to you to stop it being transferred into the ISA.