IFISA withdrawals and ISA limit

glocal

Posts: 25

Likes: 3

IFISA withdrawals and ISA limit Nov 23, 2018 23:17:17 GMT

Quote

Post by glocal on Nov 23, 2018 23:17:17 GMT

FC says: 'you can withdraw any available funds without affecting your annual
£20,000 ISA subscription limit, providing you transfer them back in by
the end of the tax year.'

If you have used up the 20k annual FC IFISA allowance, can you withdraw
more than 20k and put it back later before the end of the financial
year?

Thanks

archie Posts: 1,855 Likes: 1,856	IFISA withdrawals and ISA limit Nov 24, 2018 7:59:38 GMT glocal and Ace like this Quote Select Post Deselect Post Link to Post Back to Top Post by archie on Nov 24, 2018 7:59:38 GMT Flexible ISA guide
	P2P is risky, expect losses. It may take several years to exit a platform.

Ace
Moderator

Posts: 5,259
Likes: 6,091

IFISA withdrawals and ISA limit Nov 24, 2018 8:15:07 GMT glocal likes this

Quote

Post by Ace on Nov 24, 2018 8:15:07 GMT

Nov 23, 2018 23:17:17 GMT glocal said:

FC says: 'you can withdraw any available funds without affecting your annual
£20,000 ISA subscription limit, providing you transfer them back in by
the end of the tax year.'

If you have used up the 20k annual FC IFISA allowance, can you withdraw
more than 20k and put it back later before the end of the financial
year?

Thanks

The short answer is yes, but see the link provided by archie for caveats.

I'm an equity investor in AxiaFunder and a minor equity investor in Brickowner, Crowdstacker, Proplend, CrowdProperty, Assetz Capital, Elfin Market, Qardus, Loanpad, Shojin & CapitalRise (and regrettably Fund Ourselves and ABLrate). All info and opinions stated are in a personal capacity. This time next year I'll be a miwionaire Rodders!

glocal Posts: 25 Likes: 3	IFISA withdrawals and ISA limit Nov 24, 2018 20:04:01 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by glocal on Nov 24, 2018 20:04:01 GMT Thank you both. All clear now.

Post by glocal on Nov 23, 2018 23:17:17 GMT

Post by archie on Nov 24, 2018 7:59:38 GMT

Post by Ace on Nov 24, 2018 8:15:07 GMT

Post by glocal on Nov 24, 2018 20:04:01 GMT