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!


  • grumiofoundation
    grumiofoundation Posts: 3,050
    First Anniversary First Post Name Dropper
    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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