Flexible ISA Query

badger09

RG2015 said:

Just to clarify using the original post as an example and limiting all transactions to one tax year.

£8,000 subscribed to cash ISA A
£4,000 withdrawn flexibility from cash ISA A
£16,000 subscribed to cash ISA B with a different bank/provider.
Therefore the total subscription during the year is £24,000.

Do the new rules mean that this does not breach the annual £20,000 ISA allowance?

I’m a bit late picking up on this but….

As subsequent posters have said, this doesn’t break ISA rules. However, if the sequence was 
Deposit in ISA A £8k
Deposit in ISA B £16k
Withdraw £4k from A or B, the rules would have been broken. 

But HMRC wouldn’t know

moi

With current rules (& pre-April 2024, if I read the above correctly?), does "any other ISA (flexible or not)" mean one can withdraw some of 2025-2026's Flexible Cash ISA subscription oneself (e.g. Trading212), & deposit it into a Stocks & Shares Flexible ISA? (e.g. Vanguard.) 

eskbanker

moi said:

With current rules (& pre-April 2024, if I read the above correctly?), does "any other ISA (flexible or not)" mean one can withdraw some of 2025-2026's Flexible Cash ISA subscription oneself (e.g. Trading212), & deposit it into a Stocks & Shares Flexible ISA? (e.g. Vanguard.) 

Yes, one can.