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Hi Anon, if you don't use up your ISA limit by the end of the tax year, the limit expires for that year, but you'll have a new ISA limit in the new tax year. I hope this helps.

Hi - this is an interesting one & depends on a couple of things - your tolerance for risk and what you plan to do with the money in a few years time.

If the money isn't set aside for anything particular and you are willing to invest it to support your future finances - I would invest it into a low-cost, passive index fund using the Vanguard platform.

The problem with this is these funds fluctuate over time so it's possible your 10k may be worth less in 2 years time, so if you needed the money then for... (More)

Originally answered to "Do I need to open a new ISA every year? "

No, you don’t need to open a new ISA every year as your ISA will not be closed when the tax year finishes. Your ISA will be rolled over into the new year, and you can keep your savings on a tax-free basis for as long as you keep the money in your ISAs. You may need to make a new declaration if you want to make a deposit in a different tax year.

You can read more about ISAs here: ISA 101: The Basics | What is an ISA UK? | Koody15