Fixed Rate 2Yr Cash ISA Ending - Reinvesting Query

[Armitage.Shanks]

This is probably a simple answer for someone - apart from me. I don't really do cash ISAs (all S&S ISA) so not sure about adding to one in a new tax year when my ISA allowance has not been used up.

Next month my (only) cash FR ISA matures and I may as well invest it again in a new 1yr Cash ISA with the current provider. So, is this a 'new investment' whereby this counts as my ISA allowance for 2024-25 or is it a 'reinvestment' where I can also add £20k to it?

[alscar]

The latter.

[Armitage.Shanks]

Many thanks