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Have I over deposited in this tax year?
tracyk23
Posts: 22 Forumite
Hi guys - not sure if I am over thinking this...
I put £15,000 into Virgin Flexi ISA11 on 13 Mar 2024 (23/24). I got a note from them saying it would move to Flexi ISA3 on 31 Mar 2025. Is this counted against my 24/25 ISA allowance? As I have also deposited £12,500 with Trading212 on 20 Feb 2025. Does that mean I have deposited £27,500 into an ISA in the 24/25 tax year?
I put £15,000 into Virgin Flexi ISA11 on 13 Mar 2024 (23/24). I got a note from them saying it would move to Flexi ISA3 on 31 Mar 2025. Is this counted against my 24/25 ISA allowance? As I have also deposited £12,500 with Trading212 on 20 Feb 2025. Does that mean I have deposited £27,500 into an ISA in the 24/25 tax year?
0
Comments
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You are fine, the original £15,000 is still treated as a 23/24 deposit - which you can transfer out of Virgin as well.1
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"Transfers" never affect your annual allowance.3
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No, because you have not deposited any additional money into the “ISA system” this tax year, apart from your T212 deposit.1
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