Cash in S & S Isa

flightinfo2

I opened a S & S Isa this tax year with approximately £6,000 of shares.  

I intend opening a cash Isa with £10,000 and putting cash in my S & S Isa to bring me to my allowance of £20,000 for this tax year (am aware there is not much time left to do this). 

Am I correct in thinking that if I leave the cash in my S & S Isa and buy investments with it in the next tax year (i.e. 2024/25), that the investments will count as being from my Isa allowance for this tax year and that I would have my full annual allowance of £20,000 for 2024/25.

Ayr_Rage

Yes, if you manage to get all the above done by the 5th April then you have the full allowance next tax year.

You can hold that cash in the S&S ISA for as long as you wish before buying shares.

flightinfo2

Thanks for quick response.