FLEXIBLE ISA

[FEATURE REQUEST] - FLEXIBLE ISA ACCOUNT.

Upgrade the ISA stock and shares account into a Flexible Type account, This will really help give us the flexibility to use our money without loosing the ISA Allowance.

Explanation below:

Example
Your allowance is £20,000 and you put £10,000 into an ISA during the 2023 to 2024 tax year. You then take out £3,000.

The amount you can now put in during the same tax year is:

  • £13,000 if your ISA is flexible (the remaining allowance of £10,000 plus the £3,000 you took out)
  • £10,000 if your ISA is not flexible (just the remaining allowance)

Hi @Ashishgabrial,

This feature already has a request thread. Please see below :point_down:

1 Like

Em…you know FT don’t make up the rules of an ISA?

(Well apart from fractional shares…kinda :rofl:)

Not possible to have this flexible ISA inside the rules. The set limit is for deposits, irrespective of withdrawals.

Edited: ok there does seem to be some flexible options, see below

You can do it with some cash ISA’s. Not seen anyone offer it with S&S ISA’s.

I couldn’t see how its possible within the rules, however given your comment I did find this :

https://www.moneysavingexpert.com/savings/flexible-isas/#what

The Vanguard S&S ISA is flexible.

3 Likes

Freetrade has been promising to provide flexible isa since 2018, but nothing till date.

Many others already provide flexible S&S ISAs:

  • IG
  • Vanguard
  • Barclays Smart Investor
  • Hargreaves Lansdown
  • BestInvest
  • Share Deal Active
  • Charles Stanley Direct
  • Aviva