ISA monthly interest payments exceed limit?

[Ham_and_Jam]

Just a quick question.

I’ve opened a new ISA and popped in the max annual amount of £20k.

With regard to the interest payments, it’s defaulted to monthly payments paid in to ISA account. Is that OK?

Obviously I’ll be getting about £90 / month paid into the ISA that is max’d out. Are interest payments treated differently as they aren’t ‘paid in’.

[Mr Pointy]

If the interest is "internal" money within the ISA then yes, it's ok. You can't add any more external contributions of course.

[Ham_and_Jam]

Mr Pointy said:

If the interest is "internal" money within the ISA then yes, it's ok. You can't add any more external contributions of course.

Cool, I guess this interest is also compounded so win win.