Zopa ISA Annual Allowance

RG2015

I transferred an ISA into Zopa on 19 February 2024 and received £20.03 interest on 10 March.

As at today's date (2/4/25), Zopa are currently showing a figure for my remaining ISA allowance for 24/25 but the interest has not been included in this calculation.

Has anyone else seen this on their Zopa Smart ISA?

I am not concerned about "losing" this small amount, but I don't want them to deduct this year's interest from next year's allowance.

Ayr_Rage

ISA interest has absolutely no bearing on your annual allowance of £20,000 of NEW funds per tax year.

RG2015

Ayr_Rage said:

ISA interest has absolutely no bearing on your annual allowance of £20,000 of NEW funds per tax year.

Yes, I know this. But Zopa have incorrectly calculated my remaining allowance for this year.

I have had problems in the past with Virgin Money not understanding the ISA rules. I was simply wanting to see if anyone else had experienced this issue with Zopa.

eskbanker

RG2015 said:

Ayr_Rage said:

ISA interest has absolutely no bearing on your annual allowance of £20,000 of NEW funds per tax year.

Yes, I know this. But Zopa have incorrectly calculated my remaining allowance for this year.

You said that they hadn't included the interest in the calculation, which is correct, so if they've made a mistake in another way, it would be better to explain what they have done?

RG2015

eskbanker said:

RG2015 said:

Ayr_Rage said:

ISA interest has absolutely no bearing on your annual allowance of £20,000 of NEW funds per tax year.

Yes, I know this. But Zopa have incorrectly calculated my remaining allowance for this year.

You said that they hadn't included the interest in the calculation, which is correct, so if they've made a mistake in another way, it would be better to explain what they have done?

I have just recalculated my figures and I can see that Zopa have correctly calculated my remaining ISA allowance.

Apologies to all and thank you for your input .