The 20,000 pound allowance sounds simple until you withdraw, transfer, or open a second account in the same year. This section covers how the allowance is counted, why a transfer and a withdrawal are not the same thing, flexible ISA rules, and the deadlines that catch people out every April.
What this section covers
- How the annual allowance is counted, and when it resets
- Transfers versus withdrawals: the difference that costs people their allowance
- Flexible ISAs and which providers actually honour them
- Lifetime ISA rules, bonuses and the withdrawal penalty
- Tax-year-end deadlines and what happens if you miss them
New articles are published under Allowances, Transfers and Lifetime ISAs.