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S&S ISA - not going to use £20K allowance - what's next?
chucklebum25
Posts: 1 Newbie
Hi there, I feel like I'm going round in circles trying to find an answer to a simple question! Hopefully someone can help give me a simple answer... I opened a S&S ISA for the first time this year, using Vanguard. I pay in £100 a month, which is then invested into a Lifestrategy Fund. There is no way I will reach the £20k allowance by 5th April (and I don't have any other type of ISA), therefore my question is - do I need to open a new S&S ISA in April 2021 or can I keep paying into my current one to continue investing? Thanks!
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Comments
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When you open a S&S ISA, you agree to subscribe to it in that tax year and any future tax years you elect to do so. There is no requirement to open a new one each tax year, and there is no limit to the total value of your account.
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