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CASH ISA ON MATURITY

Tigerboy
Tigerboy Posts: 4 Newbie
Fifth Anniversary
in ISAs & tax-free savings

I took out a 1 year fixed cash ISA in the 2023/24 tax year(£20,000). It matured in March 2025. I have moved/transferred it with the same provider to a new cash ISA. Do I have to use my 2024/25 ISA allowance to cover/provide for this. Or can I use my 2024/25 ISA allowance for a new ISA.


Comments

  • Ayr_Rage
    Ayr_Rage Posts: 2,815 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    edited 15 March at 2:36PM
    That old ISA is old money.

    You still have the allowance of £20,000 for this tax year (24/25) to be used before 5th April 2025 as long as you did not remove the old money from the ISA.
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