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Query on previous S&S isa contribution
DaveG247
Posts: 401 Forumite
Evening all,
Been sat around with family today discussing savings which I thought I'd got my head around but they've got me doubting myself and Googling and reading a few things on here have me questioning myself
If I have £20k in S&S for this year contributions I'm guessing (hopefully rightly), that after 6th April I can then add then add say £20k again for the new year I'd have around £40k (fingers crossed I know it could go up or down ) the whole amount would still be tax free, and that would count for any following years if I was to do same ?
Thanks
Been sat around with family today discussing savings which I thought I'd got my head around but they've got me doubting myself and Googling and reading a few things on here have me questioning myself
If I have £20k in S&S for this year contributions I'm guessing (hopefully rightly), that after 6th April I can then add then add say £20k again for the new year I'd have around £40k (fingers crossed I know it could go up or down ) the whole amount would still be tax free, and that would count for any following years if I was to do same ?
Thanks
0
Comments
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Yes, you can add £20k each tax year.DaveG247 said:Evening all,
Been sat around with family today discussing savings which I thought I'd got my head around but they've got me doubting myself and Googling and reading a few things on here have me questioning myself
If I have £20k in S&S for this year contributions I'm guessing (hopefully rightly), that after 6th April I can then add then add say £20k again for the new year I'd have around £40k (fingers crossed I know it could go up or down ) the whole amount would still be tax free, and that would count for any following years if I was to do same ?
Thanks1 -
Thank you, I should of put a bet on it with them lol. Cheers 😊0
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