Putting more than annual limit into an ISA

racing_blue

kidmugsy wrote: »

I wonder what the most cash-like investment permitted in an S&S ISA is? Perhaps some fund of short maturity corporate bonds?

In another thread, someone suggested pairing long and short FTSE ETFs ???

roonaldo

jimjames wrote: »

I'm pretty certain that most bank's systems would prevent you paying in more than the annual limit into an ISA.

this is correct, in my case I accidently overpaid to a santander isa about 4 years ago and they sent the money back to me to avoid it losing isa status

soulsaver

I doubt if this info helps the OP - but for the benefit of accurate information:
You can put cash in a stocks & shares ISA, pending investing in shares.
Be aware that interest rates on cash held in a S&S ISA are
a) miniscule
b) interest earned is taxable
c) currently you can't transfer it to to a cash ISA.