S&S ISA Transfer Question

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So I have a Freetrade S&S ISA - opened the previous tax year.

I’ve paid into it this year.

I’m considering transferring to a new S&S ISA.

I’m not worried about loosing the tax wrapper as there’s not much in it.

Could I withdrawal the funds, close the account and just pay into a new one to save waiting 4 weeks?

Thanks!

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The official advice from Freetrade is below:

edit:
That to me states that unless you wanted to wait for the new tax year, you would need to transfer.

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Withdrawing from your ISA doesn’t reset or restart your allowance so you’d have to subtract it from 20k or wait until April.

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Ah, perfect. Thanks. That’s exactly what I was looking for, but couldn’t find it no matter how I phrased the search term.

So having subscribed to one in the present tax year, you can’t just close and subscribe to another; it has to be a transfer.

Think I’ll wait til the end of the tax year and then whip the funds out if the market is still in no man’s land :+1:

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