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Overpayment
spinpass9
Posts: 1 Newbie
I stupidly started a new S&S Isa on 1 April rather than after 6 April. The provider is treating the payment as 2023/24 which takes me over the £20k limit. They can't won't shift it to 2024/25.HMRC has said not to try and 'fix it' myself. What to do? Do I only pay the balance into the ISA this year or continue paying into 2024/25 and let HMRC deal with the overpayment next year? Any thoughts appreciated.
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Comments
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Do nothing. You should use your allowance this year as normal. If HMRC takes any action it won't impact other tax years.
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