isa withdrawal and redeposit 8 June 2005 at 11:30PM in ISAs & tax-free savings 1 reply 1.2K views

apg73apg

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:

Milarky

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?]