isa withdrawal and redeposit

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
1 reply 1.2K views
apg73apgapg73apg Forumite
1 Post
edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
hello everyone hope someone can advise me.
i have an A& L direct isa.
i invested 3k then took out 2k does this mean that i cannot invest any more into it as i have already invisted 3 k this year? :money:

Replies

  • MilarkyMilarky Forumite
    6.3K Posts
    Part of the Furniture 1,000 Posts Photogenic
    ✭✭✭✭
    That's correct - you have already subscribed the maixmum for a cash ISA for this tax year and cannot add anything further until a new tax year starts.

    [I assume you withdrew the cash to avoid being charged by A&L for 'moving' it elsewhere?]
    .....under construction....
This discussion has been closed.
Latest MSE News and Guides

A guide to council tax bands

Lower your band & save £1,000s

MSE Guides

Cinema MoneySaving tips & tricks

Including year's 2for1 movies for £1

MSE Deals