Order of using flexible cash ISAs

camclay

Hi.  If I have last year's flexible cash ISA with provider A and this flexible cash year's ISA with Provider B, can i withdraw funds from the Provider A ISA this year before withdrawing any funds from Provider B this year?  Or do i always have to withdraw from Provider B until that money is all withdrawn and then I can access Provider A?  I cannot see how this can be regulated!  Thanks.

FrugaiMacDugal

Why not just transfer A to B or B to A, depending on best interest rate and then take what you want?

eskbanker

camclay said:

Hi.  If I have last year's flexible cash ISA with provider A and this flexible cash year's ISA with Provider B, can i withdraw funds from the Provider A ISA this year before withdrawing any funds from Provider B this year?  Or do i always have to withdraw from Provider B until that money is all withdrawn and then I can access Provider A?  I cannot see how this can be regulated!  Thanks.

You can choose which ISA to withdraw from at any time - there is a rule that in the context of one flexible ISA, any withdrawals are deemed to be firstly of current year money before dipping into prior year money, but there's nothing restricting access to multiple ISAs in a specific order.

slinger2

All your flexible ISAs are independent of each other. So, as long as you follow the "flexible" rules for each one separately, there's no problem.

camclay

FrugaiMacDugal said:

Why not just transfer A to B or B to A, depending on best interest rate and then take what you want?

because A has a better interest rate but B has easy access so i like to have both