New ISA allowance only 19.4k?

[Amf1990]

Morning all,

Checked this morning showing my ISA allowance this tax year only being 19,400 whilst also stating 0 obviously invested this year.

I only have one ISA which I set up a few days ago (stocks and shares ISA) I’m hoping this might be a glitch which will sort itself out. Anyone else had an issue like this?

Thanks.

[OddCat]

You didn't happen to set up a £50 per month regular contribution did you ?

Some providers will factor in (deduct) your scheduled 2024/25 regular contributions when telling you your 'spare' allowance. And you haven't yet made a contribution in the current tax year hence £0 so far.....

[Amf1990]

Yeah I have set up a direct debit of £50 for now, but yes that’s solved my problem and now makes sense for the £600. Thanks