Dear UKPF,
I have about 3k of my ISA allowance left for this tax year.
I have about 3k cash however I can't invest this at the moment I need to pay rent, bills etc. However I want to max out my allowance.
Can I put this 3k cash into my ISA on the 4th of April, "park it" until the tax year rolls over, and hence max out my 20k allowance for the year? I would then be looking to take it out in two days, pay bills etc, Then I would like to pay it in again but still have my full £20k allowance leftover, as the 3k is from a prior tax year at that point in time.
Would this work?
I have about 3k of my ISA allowance left for this tax year.
I have about 3k cash however I can't invest this at the moment I need to pay rent, bills etc. However I want to max out my allowance.
Can I put this 3k cash into my ISA on the 4th of April, "park it" until the tax year rolls over, and hence max out my 20k allowance for the year? I would then be looking to take it out in two days, pay bills etc, Then I would like to pay it in again but still have my full £20k allowance leftover, as the 3k is from a prior tax year at that point in time.
Would this work?