Isa account balance

Hi, I have a cash ISA account. My balance as at April 6th was about £20k I have now put in £3k this month so my balance is over £23k. Is this ok to have a balance of over £20k as I will only put in an extra £20k this tax year or should i only have a maximum balance in the account of £20k at any one time? Thanks in advance for any help!

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  • grumiofoundation
    grumiofoundation Posts: 3,050
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    Yes it is fine. 

    The 20k limit applies to contributions per tax year (across all ISA types), not how much is in the account. 


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