Triple Access cash ISAs (transfer out treated as pen-free withdrawal) and a flexible ISA question?

howryoo

Two birds, one stone ....

I thought I'd double check on here with those who are much more versed in the ISA game than I am.

1.  Triple Access ISAs - there are a few offerings, but I see Nationwide is the only one stipulating withdrawals must be to a NW current account or suitable instant access savings account?  Does this mean you can't transfer out - surely not?  Another is say Paragon's - I assume a transfer out request is treated as one of your 3 penalty-free withdrawals in a 12 month window?

2.  Flexible ISAs - I withdrew some funds from my Skipton easy access ISA a few months ago, but didn't actually think I may consider putting it back in (before 05.04.23?) to maintain it's tax-free status.  I'm now considering it.  However, I notice a different issue paying more than the current issue I'm on.  I assume I cannot open the new issue and pay into that, but could probably pay back into the old issue, open new issue and transfer?

Frogletina

Transfers are counted as one of the penalty free withdrawals - the Nationwide full terms and conditions give more information. I'm assuming the withdrawals they mention to another Nationwide account are just regarding when you are taking the money out of the Isa, not a transfer.

Any money flexibly withdrawn has to be put back into the same Isa but can then be transferred with the rest of the money in that Isa.

howryoo

Thanks Frogletina