A question about flexible ISA

🤝 Help
1

I have a few questions I’m not 100% sure about regarding the flexible ISA functionality.

  1. Is the ISA from T212 a flexible ISA?
  2. If yes, does that mean I can take, in theory, all the money in my account and deposit it back in, without affecting my allowance (as long as it’s within the financial year)?
  3. If I take money out, does the app/platform update my allowance tracker? It currently shows me how much I’ve deposited throughout the year. Will this reflect the cash I take out?

Sorry, I know the answers to these question might be written down somewhere, I just want do double-check to make sure i’m not confused.

2

Yes you can take money out and put it back in. In the original ISA you could not put it back in once you had put in 20K for the year but now you can.

I am sure T212 will keep track of this. In fact they must keep track of it or they are not observing the rules.

3

Thank you. Much appreciated.