You're able to withdraw from your ISA at any time. With a Flexible ISA, you can replace the amount(s) withdrawn in the same tax year without affecting your annual allowance.
For example, if you contributed £60,000 to your ISA in the previous tax year and have £5,000 remaining in your ISA allowance for the current tax year, you can withdraw any amount and deposit that same amount back, without it affecting your remaining ISA allowance. However, you must replace the withdrawn money by the end of the tax year, which is April 5th, for this to be the case.
With InvestEngine, you’ll now be able to utilise the Flexible feature of our ISAs for free, this also applies to your current tax year allowance.
ISA transfer Promo and Flexible ISA
With a flexible ISA if you have a transfer bonus you will need to keep the transferred amount invested to keep the bonus even if they kept it topped up. Should you have a referral or affiliate bonus, you will need to ensure that £100 remains in the account.