We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Moving money from flexible ISA

Hi I have a flexible ISA and I filled it up yesterday and I just need to check that its OK to withdraw today and maintain the allowance


sparkie

Comments

  • eskbanker
    eskbanker Posts: 38,028 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    That's certainly the way that flexible ISAs are intended to work, as per https://www.moneysavingexpert.com/savings/flexible-ISAs, but obviously it's always best to satisfy yourself by reading the Ts & Cs of whatever account you actually have....
  • eskbanker wrote: »
    That's certainly the way that flexible ISAs are intended to work, as per https://www.moneysavingexpert.com/savings/flexible-ISAs, but obviously it's always best to satisfy yourself by reading the Ts & Cs of whatever account you actually have....


    Hmm, I think I needed confirmation of the date, and reassurance that today is definitely the first day of the tax year.
    I so desperately didn't want to get things wrong -


    sparkie
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Earlier today I moved some money out of my flexible ISA at Nationwide; their O/L banking correctly reports to me that I can return the money later in this tax year. It also - boo hoo - shows that my returnable sum from 17/18 has ceased to be.
    Free the dunston one next time too.
  • kidmugsy wrote: »
    Earlier today I moved some money out of my flexible ISA at Nationwide; their O/L banking correctly reports to me that I can return the money later in this tax year. It also - boo hoo - shows that my returnable sum from 17/18 has ceased to be.



    Thanks I tried it with £2.50 and it showed that it could be returned so I went ahead and completed the transactions that I needed to do.
    Thanks for the reassurance




    sparkie
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.