Easy Access ISA
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ricky101
Posts: 95 Forumite
Hi,
If I opened an Easy Access ISA this financial year and lets say put 20k in.
I can withdraw 10k and then put that same 10k back in this year.
Next tax year, with the existing 20k in the account, I again withdraw 10k and later that year pay the 10k back ...
In that next year, can I open a totally different ISA and pay 20k into that, or will the 10k I paid back into the EA ISA prevent this ?
eg is it classed as having already contributed to an ISA in that year ?
If I opened an Easy Access ISA this financial year and lets say put 20k in.
I can withdraw 10k and then put that same 10k back in this year.
Next tax year, with the existing 20k in the account, I again withdraw 10k and later that year pay the 10k back ...
In that next year, can I open a totally different ISA and pay 20k into that, or will the 10k I paid back into the EA ISA prevent this ?
eg is it classed as having already contributed to an ISA in that year ?
0
Comments
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Ahhh..gg, missed that completely , must improve my searching !
thanks0 -
You might want to look at other options instead of cash ISAs if you want the best rates for that sort of flexibilityRemember the saying: if it looks too good to be true it almost certainly is.0
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