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Withdrawing from an ISA
Albert_32
Posts: 79 Forumite
Unfortunately i need to withdraw from my ISA cash saver:
1) I havent put any money in this tax year
2) I need to withdraw £1,500
3) Can I still put in £3,000k towards the back end of the year or will be only allowed to put £1500 in
Not sure how this works and the penalties - hopefully someone can help!
Cheers,
Albert
1) I havent put any money in this tax year
2) I need to withdraw £1,500
3) Can I still put in £3,000k towards the back end of the year or will be only allowed to put £1500 in
Not sure how this works and the penalties - hopefully someone can help!
Cheers,
Albert
0
Comments
-
As you have not used your mini cash ISA allowance for this year you can:
-
Withdraw as much as you wish from the existing funds in your ISA, provided your ISA allows withdrawals.
-
You can still deposit up to £3,000 in your mini cash ISA this tax year (by April 5 2006). Withdrawing funds that were deposited in a previous tax year will not prevent you from using your full cash ISA allowance for this tax year.
Please call me 'Kazza'.0
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