Industry Leaflet on Flexible ISA’s


From the 6th April 2016, ISA providers will be allowed to offer flexible ISAs to customers. Flexible ISA account holders will be able to remove money from their ISA accounts and replace it within the same year without it counting towards their annual allowance.

Not all ISAs are flexible so you will need to check with your bank before making a withdrawal if you are unsure.

This leaflet gives more information on these new changes and provides answers to important questions you may have, including; what a flexible ISA is and how it is used, how to find out if the ISA account you have will become flexible and what happens if you transfer accounts to another bank.

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