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ISA - deposit and withdrawals
matchfacts
Posts: 77 Forumite
Within the tax year can you deposit and withdraw amounts as long as you don't exceed the £3K maximum deposit?
i.e. Is paying in £3K then removing £1K which is redeposited later allowed or does that class as £4K deposited?
Thanks in advance.
i.e. Is paying in £3K then removing £1K which is redeposited later allowed or does that class as £4K deposited?
Thanks in advance.
0
Comments
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Hi Matchfacts,
You may only deposit 3k within the tax year. If you withdraw 1k you cant redeposit it within the same tax year.
Once you have deposited any amount it is counted towards your allowance for that tax year.
HTH
Cheers
SurfergirlBlonde but learning0
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