Balder
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Post by Balder on Feb 6, 2021 9:43:14 GMT
Any experts please?
Earlier this financial year I withdrew all the money from my Assetz ISA (not a transfer). That money was 1st deposited in FY 2018/19. I have used my ISA allowance for this FY elsewhere.
When I look as my Assetz account it says I have £40,952 remaining ISA allowance. I understand that £20,000 is this years allowance as ASSETZ do not know I have used it elsewhere.
The remaining allowance must have been created by my withdrawal earlier this FY.
Does this mean I can still invest in my Assetz ISA this FY even though I have used this years allowance elsewhere?
Thanks.
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TitoPuente
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Post by TitoPuente on Feb 6, 2021 10:07:02 GMT
Any experts please? Earlier this financial year I withdrew all the money from my Assetz ISA (not a transfer). That money was 1st deposited in FY 2018/19. I have used my ISA allowance for this FY elsewhere. When I look as my Assetz account it says I have £40,952 remaining ISA allowance. I understand that £20,000 is this years allowance as ASSETZ do not know I have used it elsewhere. The remaining allowance must have been created by my withdrawal earlier this FY. Does this mean I can still invest in my Assetz ISA this FY even though I have used this years allowance elsewhere? Thanks. According to your numbers, you need to return £20,952 to your AC ISA before the end of this FY in order not to lose the ISA wrapper for those funds. You can then transfer this AC ISA elswhere should you decide. You cannot add the other £20,000 of fresh funds this FY because you have used the allowance somewhere else.
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Balder
Member of DD Central
Posts: 646
Likes: 622
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Post by Balder on Feb 6, 2021 10:09:31 GMT
Any experts please? Earlier this financial year I withdrew all the money from my Assetz ISA (not a transfer). That money was 1st deposited in FY 2018/19. I have used my ISA allowance for this FY elsewhere. When I look as my Assetz account it says I have £40,952 remaining ISA allowance. I understand that £20,000 is this years allowance as ASSETZ do not know I have used it elsewhere. The remaining allowance must have been created by my withdrawal earlier this FY. Does this mean I can still invest in my Assetz ISA this FY even though I have used this years allowance elsewhere? Thanks. According to your numbers, you need to return £20,952 to your AC ISA before the end of this FY in order not to lose the ISA wrapper for those funds. You can then transfer this AC ISA elswhere should you decide. You cannot add the other £20,000 of fresh funds this FY because you have used the allowance somewhere else. Thanks
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alender
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Post by alender on Feb 6, 2021 10:09:54 GMT
This depends on whether Assetz IFISA is flexible. It looks like it is, see
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