Flexible Zopa easy acess Isa 2023 -2024

tightbloke61

I have a fully funded Isa as above,

I know what the flexible part means, I can withdraw any amount as long as I replace it in the same tax year.

My question is, what if I withdraw any amount in a different tax year from that same Isa tax year, do I then loose the amount withdrawn? 

RG2015

I assume fully funded means £20,000.

If you have £20,000 in the account at close of business on 5 April 2024, then you can withdraw and deposit freely (up to this amount), during the tax year 2024/2025, and in subsequent years.

You will also have a further ISA allowance of £20,000 for the new year, 2024/2025.

badger09

To expand on @RG2015 post. 

If you pay another £20k into your Flexible ZOPA ISA in say May 2024 bringing your total to £40k (+interest) you could withdraw up to that amount & as long as you repay it all by 5 April 2025 you would not lose anything.