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Flexible ISA to Stocks and Shares ISA
superdog7
Posts: 1 Newbie
If invest £x in a flexible cash ISA, at a later date within the same tax year can I withdraw that £x and invest it in a stocks and shares ISA with a different provider?
Will that leave me with £(20,000 – x) that I can still invest in another cash ISA with a different provider or does it have to go to the original flexible cash ISA?
0
Comments
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The flexible provisions allow you to replace withdrawn money without it counting as a new subscription, but only if it's returned to the same ISA that it was withdrawn from and within the same tax year.
In other words, if you deposit £x, then withdraw and pay it into another ISA, your remaining allowance would be £20K-2x.2
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