Virgin Defined Access Cash ISA

KoffeeKat

Hi just wondering if you can replace any withdrawn funds from a Virgin defined Access cash Isa in the same financial year? Cant seem to clarify in the terms and conditions. 

SnowMan

https://uk.virginmoney.com/virgin/downloads/isa_key_facts.pdf

Non-flexible ISAs
Non-flexible ISAs include all our Fixed Rate Cash ISAs, Defined Access Cash ISAs, Notice ISAs, Help to Buy: ISAs and any Additional Permitted Subscription ISAs. Any money withdrawn from these accounts cannot be replaced.

Growingold

My FR ISA matured into the account below and its flexible.   Seems some of their ISA's are and some aren't

About your new ISA

Below is a summary of the new Easy Access Cash ISA Exclusive Issue 3:

	It pays a variable interest rate of 4.51% Tax Free‡ AER†.
	It’s flexible, so you can take money out and pay money back in, without affecting your annual allowance – although money can only be replaced in the same tax year.
	Each tax year, you can save up to your annual ISA allowance, which is £20,000 in the 2024/2025 tax year. You can only subscribe to one Virgin Money Cash ISA per tax year.

SnowMan

It tells you at my earlier link which ones are flexible and which aren't. Because it's an easy access cash ISA with no restriction on withdrawals the Easy Access Cash ISA Exclusive Issue 3 is flexible. The link is

https://uk.virginmoney.com/virgin/downloads/isa_key_facts.pdf

Flexible ISAs

Flexible ISAs include all our Easy Access Cash ISAs, which have no restrictions on withdrawals. With flexible ISAs, you can withdraw money from your account and put it back in without it counting towards your annual ISA allowance. Please note, this money must be paid into the account in the same tax year as the withdrawal or you will lose the ability to replace it. Your ISA allowance is unchanged, so you can only pay in new money in the current tax year up to your ISA allowance. If you choose to close a flexible ISA, please be aware you cannot reopen it. This means you will lose your flexibility.

Non-flexible ISAs

Non-flexible ISAs include all our Fixed Rate Cash ISAs, Defined Access Cash ISAs, Notice ISAs, Help to Buy: ISAs and any Additional Permitted Subscription ISAs. Any money withdrawn from these accounts cannot be replaced.