Moving ISA provider after withdrawing money from this tax years allowance

ct924 Forumite Posts: 1 Newbie
If I have opened a funded an ISA with this tax years full allowance and have withdrawn £5000. If I transfer it to a new provider with a better rate is it still possible to pay the £5000 back into the ISA before the end of the tax year to take it back up to the £20000?


  • Doctor_Who
    Doctor_Who Forumite Posts: 846
    Part of the Furniture 500 Posts Name Dropper Photogenic
    Is your current ISA a flexible ISA? If so, you could put the £5000 back in and then do the transfer. Otherwise, you've used all of your allowance for this tax year, but you can still transfer the ISA to get a better rate.
    'Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it' - Albert Einstein.
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