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Help: ISA limit confusion
I'm not sure if i'm in a bit of a mess with my ISA limit for this year. I contributed £17,500 into Chips Flexible Cash ISA at the beginning of the tax year. I then withdrew all of this, £15,607.77 of this was after 15th July 2025 (the rule change) leaving me £0.00 in my Cash ISA. I then put £20,000 into Trading 212 stocks & shares ISA. Am i still within the limit for the tax year or have i over contributed? Many thanks.
Comments
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As Chip's ISA is flexible, they should report your net subscriptions for the year as zero, and therefore the £20K total reported by all providers will be fine.
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They tell me i have £21,107.77 remaining in their Cash ISA allowance, should i just close the account with them?
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I don't think you need to, but there's unlikely to be much point in keeping it open if you don't plan to use it.
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Thanks for help, nice to know i've not over subscribed by mistake.
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