[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.
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)
This feature already has a request thread. Please see below
Em…you know FT don’t make up the rules of an ISA?
(Well apart from fractional shares…kinda )
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 :
The Vanguard S&S ISA is flexible.