boutdatgospel
New member
I can't seem to find a clear answer to the following scenario:
- If I open a flexible cash ISA with provider A and deposit the full £20k allowance
- In the same tax year, can I then withdraw £1k from provider A, and deposit £1k into a new stocks and shares ISA with provider B, without exceeding the allowance?
I can see lots of information about putting money back into the same flexible ISA you withdrew it from, but nothing about putting the money into a new ISA instead.
- If I open a flexible cash ISA with provider A and deposit the full £20k allowance
- In the same tax year, can I then withdraw £1k from provider A, and deposit £1k into a new stocks and shares ISA with provider B, without exceeding the allowance?
I can see lots of information about putting money back into the same flexible ISA you withdrew it from, but nothing about putting the money into a new ISA instead.