What is an ISA?

In this week's video, "What is an ISA?" financial advisor Sebastian Roiz de S’a provides a comprehensive overview of Individual Savings Accounts (ISAs). Sebastian explains that ISAs are tax-efficient savings and investment accounts available to individuals in the UK.

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DISCLAIMER:
Please note that the value of investments and the income from them can fall as well as rise, and you may not get back the amount originally invested. This channel is for educational purposes only and does not constitute financial advice. Always consider your risk tolerance and investment goals before making any investment decisions. Subscribing to this channel does not create a client-advisor relationship.

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1. Have opened one ISA account in HSBC ( LOY_ISA_Adv) ( In OCT 2023) and deposited 20000.00 GBP and withdraw 5000.00 GBP in March 2024 .

2. I opened one more Cash ISA in NatWest in March 2023 and deposited 20000.00 GBP

3. Have opened one more ISA account ( march 2024) and deposited 20000.00 GBP and withdraw all amount in one day in Halifax .

Here my question is can i have any tax issues or penalties from HMRC as i have two ISA accounts with 20000.00 GBP amount in each account ?

Requesting for your kind advice