Query on previous S&S isa contribution

DaveG247

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 

Dazed_and_C0nfused

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 ?

Thanks 

Yes, you can add £20k each tax year.

DaveG247

Thank you, I should of put a bet on it with them lol. Cheers 😊