new to the forum but lurked a bit, great pool of info on here.
i have 2 Qs which i cant find an answer to online.
if i open a S&S ISA this year (20/21) and invest the full 20k, can i then use this same account in the year 21/22 with its new allowance? lets say it will be 21k in year 21/22 for this example.
if yes, does that mean my 21/22 account will look like this;
20k already invested from previous year + 21k new allowance available to invest.
or will it look like this;
20k already invested from previous year + 1k only of the new allowance available to invest as i already have 20k in the account.
can i use the ISA account to do day trades? if so, how does that effect the allowance?