isa

michael4343

 i had full 20000 for year 23/24 in may of this year I with drawled 11900 and replaced in several amounts back up to the 20000 but as it was last years money dose this mean I can add more ie i have added 

12314.94

and with drawn 

-2163.66

 that's the 11900 plus's 414.94 i have added and again 2163 with drawn from this year confused about the years added and taken out what i need is finger of how mush that can be added for this year sorry long winded

sammyjammy

It doesn't matter what you are taking out, you can only use £20k tax free each year, putting the same money back in still counts towards that figure, you don't need to account for previous years, thats done and dusted.

Whatever you have added since 6th April this year take that off £20k and the result is what you can pay in up to and including 5th April 26.

Unless its a flexible ISA.

HappyHarry

It depends whether or not it is a “flexible ISA” you have drawn from. If so, the monies you have withdrawn and replaced this tax-year do not count towards your annual ISA allowance. 

Ayr_Rage

sammyjammy said:

It doesn't matter what you are taking out, you can only use £20k tax free each year, putting the same money back in still counts towards that figure, you don't need to account for previous years, thats done and dusted.

Whatever you have added since 6th April this year take that off £20k and the result is what you can pay in up to and including 5th April 26.

I think you need to edit that.

If it was a flexible ISA then the OP hasn't used any of their current allowance.

LHW99

I have done this this year. Withdrawn a chunk from a previous years flexible ISA, replaced it a couple of months later and then was able to place this year's money in a new S&S ISA