Topping Up ISA Account

[HenkeSeven]

Hi

I’ve a stocks and shares ISA with IG.  If I want to use the 2022/23 allowance do I just deposit £20k into the existing account or do I need a separate new ISA for this tax year?

[OfentseIG]

On 03/02/2023 at 17:56, HenkeSeven said:

Hi

I’ve a stocks and shares ISA with IG.  If I want to use the 2022/23 allowance do I just deposit £20k into the existing account or do I need a separate new ISA for this tax year?

Hi @HenkeSeven

Thanks for reaching out. 

If you have not yet subscribed to the 2022/23 ISA Allowance, you have until 4 April 2023. You would need to deposit the funds £20k or less in your existing ISA account. You can continue using the same account even for the next financial years. The subscription will always be reset to £20k every financial year. 

All the best, 

OfentseIG