Putting money back into an ISA inside the same tax year

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Having withdrawn money from a LISA (house purchase). Can I put money back into a flexible stocks and shares ISA within the same tax year staying within my allowance?

I cannot find any information from HMRC website to say I can’t and having asked the Gov helpline and ISA providers no one seems to have an answer. 

Working example:Put £16k into flexible stocks and shares ISA. Put £4K into LISA. £1k Gov bonus paid. Buy house and withdraw full £5k. Can I now put £4K back into my Stocks and Shares ISA within the same tax year?

Any help greatly appreciated. 

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  • masonic
    masonic Posts: 23,500 Forumite
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    edited 13 March 2023 at 10:17PM
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    LISAs generally do not have ISA flexibility, although you can check with your provider about that. If your LISA happens to be flexible, then you would be correct that the £4k subscribed during this tax year could be used in a S&S ISA (but not any money paid in during prior tax years). The S&S ISA does not need to be flexible, only the LISA. This would be a bit of a loophole, as I don't think HMRC would have intended that LISAs could be made flexible by providers.
  • eskbanker
    eskbanker Posts: 31,521 Forumite
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    masonic said:
    LISAs generally do not have ISA flexibility, although you can check with your provider about that. If your LISA happens to be flexible, then you would be correct that the £4k subscribed during this tax year could be used in a S&S ISA (but not any money paid in during prior tax years). The S&S ISA does not need to be flexible, only the LISA. This would be a bit of a loophole, as I don't think HMRC would have intended that LISAs could be made flexible by providers.
    https://www.gov.uk/guidance/manage-isa-subscriptions-for-your-investors#f-isa

    Lifetime ISAs cannot be offered as flexible ISAs.

    [...]

    Offering flexibility is optional for ISA managers. It is not available for Junior ISAs or Lifetime ISAs.

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