last year's cash leftover in a stocks and shares ISA

I deposited £20,000 of cash in a stocks and shares ISA at the end of the last tax year. Due to Unexpected family circumstances, I lost track of the fact that I had never got around to buy the shares that I meant to buy, and have just realised that the money has remained in the ISA, univested. My bad, I know!

But it's now a new tax year, and I have another £20, 000 to put in the ISA. If I put that into the ISA too , Can I spend both last years and this year's allowances in one go, buying £40,000 worth of shares?

Or can I only purchase £20,000 worth of investments in the year, even though the money was transferred in two different tax years?

Thanks to anyone who can point me towards a clear answer to this question!


This discussion has been closed.
Latest MSE News and Guides

Mortgage rates

What can you (or should you) do?

MSE News

Train strikes

Your refund rights explained

MSE News