So how do flexible ISAs work?
If I withdraw, say £5k, a flexible ISA allows you to pay that back in without impacting on your ISA allowance. But if I then want to pay in £20k, using my full allowance, is that OK?
I ask because I changed providers last tax year, from a flexible ISA (where I withdrew some and then paid it back in) to a non-flexible ISA (where I subscribed my £20k allowance)
The new provider has now written to my to say I have exceeded my ISA subscription allowance last two year.
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Flexible ISAs
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Re: Flexible ISAs
Here is a clear statement of the rules:
https://www.nationwide.co.uk/savings/he ... explained/
I expect that what you have done is OK. I suggest that you write back to your current inflexible provider to say what you have done, and why you believe that you have not over-subscribed.
https://www.nationwide.co.uk/savings/he ... explained/
I expect that what you have done is OK. I suggest that you write back to your current inflexible provider to say what you have done, and why you believe that you have not over-subscribed.
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