ISA’s!!!!

gc747

After some help please… 

I have 2 ISA’s open… 

a Barclays help to buy opened in 2019 has about £3000 in it. I don’t pay in to it regularly at the moment so it’s only gaining interest. 

A Zopa easy access ISA - opened a few months ago, if I put £20,000 into this account where does that put me with my allowances? 

Can I only put £17,000 into my Zopa? 

Or because I’m not adding regularly to my help to buy am I entitled to put the whole £20000 in my Zopa? 

I’m so confused!! 

Any help would be greatly appreciated 

mebu60

You can put £20k of new money into ISAs in a tax year. The key word is 'new'. Funds from previous tax years and interest earnt do not count towards the annual allowance.

So you can place up to £20k in total of new money into your Zopa EA ISA and or Barclays HTB ISA 06:04:24 - 05:04:25 inclusive. If you put all £20k into Zopa you cannot contribute to any other ISAs in the current tax year.