Barclays flexible fixed ISA ????????

P3

So I have this flexible cash ISA with Barclays, it is fixed for 1 year until January @ 4%

I have other RS that pay more % than this.

I was thinking to use the feature of 10% withdraw X 3 times. Only got £12k in there.

But what it isn't clear is whether this 'flexible' cash ISA is one I can put money back in before end of FY or it's 'flexiable' as in able to withdraw from fixed ISA.

P3

Found it..

Money withdrawn from your Flexible Cash ISA and put back into the account within the same tax year doesn’t count towards your annual ISA allowance.

Aidanmc

I have been using this feature also. Just to clarify, if i wanted to replace the withdrawn cash to the  Flexible cash Isa it needs to be done before maturity of the ISA otherwise its not possible?

refluxer

Aidanmc said:

I have been using this feature also. Just to clarify, if i wanted to replace the withdrawn cash to the  Flexible cash Isa it needs to be done before maturity of the ISA otherwise its not possible?

Technically-speaking, money withdrawn from a flexible cash ISA must be replace within the same tax year in order for it not to count towards your annual ISA allowance.

But yes - if you took out a Barclays 1 year flexible cash ISA out before 6th April last year then you'll need to get that money back in before it matures.

I note that the instant access cash ISA it automatically converts to is also flexible so I'm not sure if the flexibility of your current ISA transfers between different flexible ISA accounts but, personally, I would be looking to pay that money back in to your current fixed ISA before the maturity date regardless, to be on the safe side.