I had a question and would be great if someone can help. I so far understand that the “ISA cash” on InvestEngine is not the same as a Cash ISA, it’s instead a cash holding account of some sort.
My question is, I had transferred an amount in my previous tax year to the “ISA cash” account. I since then have a new 20k ISA allowance. If I want to invest the amount sitting in the ISA cash into buying more ETFs in the coming weeks, will this use my this year’s allowance or is it part of my previous years allowance?
Thanks in advance!