Withdrew money for house deposit from my Trading 212 Cash ISA, how can I replace it?

Zuzi

I have had a Trading 212 Cash ISA for some time.

Last year, I moved my S&S with Vanguard from a GIA to an S&S ISA with them.

I have now withdrawn much of my cash from the T212 ISA to pay down a flat deposit. As a result, I am being shown replaceable funds - amount of X, and my annual allowance with them as still 20K.

Of course, they don't know that I have the Vanguard S&S ISA where I've also been paying in this year, but I have stayed well within the 20K allowance when adding together the S&S & Cash contributions.

My question is, can I in theory put the "replaceable funds" into the Vanguard S&S ISA, or can they be replaced only within the Cash ISA that I have with T212? I won't have much money left after the property purchase but that motivates me to find the best home for what I do have 😁

Many thanks in advance.

eskbanker

Any current year money withdrawn from a flexible ISA can be replaced in any ISA (by the end of the tax year) but anything from prior years has to go back into the ISA from which it was withdrawn.

Zuzi

Thanks so much @eskbanker for the quick reply and clear answer. Not sure why was getting so hung up on the replaceable funds amount, it's not like I have enough to replace both that and this year's contributions 😁

That tells me that if I want to focus on S&S, which is what I would like, I can just go by what Vanguard is showing me as the unused allowance for this year - they of course did not take into account my cash contributions to T212 but those have now all been withdrawn so I can treat my Vanguard S&S ISA as the only one for my 20K for this year.