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Max ISA the following year - this may be a dumb question
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Flyingkidney
Posts: 21 Forumite

I couldn't find this answer on the MSE guides. Am I right in saying you can top up UP TO the the £20,000 limit the next year on an existing ISA. Even if it's maxed out the previous year, or are you supposed to open a new ISA ?
I only query this cos my Trading 212 account lists shows current tax year allowance £20'000, used £0.00
Thanks
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Comments
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You can subscribe £20,000 of NEW MONEY every tax year.
It does not necessarily have to go into a new ISA.
As the T212 ISA is easy access and variable rate you can add to that, you do not need to open a new account.
Other ISAs will have differing rules, just read the Ts and Cs.
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Flyingkidney said:I couldn't find this answer on the MSE guides. Am I right in saying you can top up UP TO the the £20,000 limit the next year on an existing ISA. Even if it's maxed out the previous year, or are you supposed to open a new ISA ?I only query this cos my Trading 212 account lists shows current tax year allowance £20'000, used £0.00Thanks
It's only fixed term ISAs where additional deposits are restricted to a short period after they're opened.1 -
Thank you, Much appreciated0
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