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I am sure someone, OFSO?, knows the answer as I need some help understanding the rules around ISAs.

I have read several web pages, including gov.uk, and have found it somewhat confusing.

I invested the maximum, £20k, in the 2023/24 tax year, and it is still invested, in a cash isa.

Can I now put another £20k into a different cash isa this tax year, 2024/25, and thus, effectively, earn tax free interest on my £40k?

I believe you can. Have just added the same, max amount, to existing ISA, but could have put it in any other ISA product. The limit for investment in ISAs is £20k per year and as it is now a new tax year (since 6th April) you can invest another £20k.

The amount OFSO knows about ISAs would fit on the head of a pin even if all the angels in heaven were already sitting on it.

As smeagol says, YES! New tax year, new allowance.

Thanks for the replies, I will do it tomorrow.

I don't know if there is any point in you having an ISA if you live in Finland and presumably paying tax there.
Even if you have a UK income that is subject to HMRC rules, if you are a standard rate tax payer you can earn upto £1000 per year in interest on top of your normal tax code without paying tax on it, if you are a higher rate tax payer this reduces to £500.

https://www.moneysavingexpert.com/savin ... allowance/