Isa

riderross

Right I understand that you get 3,600 per year. I have already opened an ISA and have around 400 in it. I will be maxing out the 3,600 by April. So my questions are:

Say I fill my ISA by April ore even before, if I attempt to put money into it will it get denied?

And for the following tax year will it automatically allow me to put in up to 3,600? or do I need to activate it for another year?

Sorry if they are stupid questions but hopefully you guys will be able to help!

Many Thanks;)

Lokolo

Why would the money get denied if you tried to put money in? Do you mean if you tried to put over £3,600?

And yes, come April 6th you can put more money in, you will get to topup by £3,600.

riderross

Lokolo wrote: »

Why would the money get denied if you tried to put money in? Do you mean if you tried to put over £3,600?

And yes, come April 6th you can put more money in, you will get to topup by £3,600.

Sorry.. so any passed the 3,600 will just get taxed as normal?

Thanks.

Lokolo

No it will get rejected and sent back to you (should do)