Zopa Flexible Easy Access ISA

ToastLady

Needing clarification of ISA rules please?
I've put £5000 in Zopa Flexible EA ISA for this year 24/25. I've put remaining £15000 allowance into a fixed ISA with another provider.
I understand that with the Zopa Flexible EA ISA I can take out and put back (up to £5000) for this financial year.

My query really relates to next year. 
If I leave £5000 in Zopa ISA and take some/all out in next financial year and try and replace money at some point, would that count towards next years allowance? I expect that will be the case, just need clarification as have only had fixed ISA in the past.

slinger2

"Flexibility" will apply in future tax years too. You will need to replace the money in the same tax year. If you do that you won't use any of your allowance for that year.

RG2015

If the balance at the end of 5 April 2025 is £5,000 (plus any interest earned in 2024/2025), then the whole of this amount can be taken out and replaced in 2025/2026 without affecting your 2025/2026 ISA allowance.

The Zopa app shows your available ISA allowance in the manage  section under Smart ISA details. However this is only with Zopa, so it will currently say that you have £15,000 left of your ISA allowance with Zopa this year.

If you move out £5,000 after 5 April 2025 (and haven't added any money in after 5 April 2025), the app will show that you have £25,000 left of your ISA allowance with Zopa for that year.

ToastLady

Thank you both, much appreciated.