Jump to content
  • 0

Can I transfer funds out of my ISA and then back in within the same tax year?


KeithMWME

Question

I have put funds into my ISA for he 2020/21 tax year but want to trade some assets that are not allowed in the ISA wrapper (US ETFs).
Can I move some of the ISA funds into my standard share dealing account for a while then transfer the money back into the ISA later in the same tax year and still retain the tax free status and limit of £20,000 for the year?

Link to comment

1 answer to this question

Recommended Posts

  • 0

Update - found the answer myself:
When you transfer funds from your Flexible ISA, you can ‘replace’ it in the same tax year without affecting your total allowance.

I did a test transfer out of ISA and back in and it worked OK and didn't affect the annual ISA limit.

  • Thanks 1
Link to comment

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      16,007
    • Total Posts
      76,716
    • Total Members
      63,930
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    noidaubachu
    Joined 18/09/21 14:28
  • Posts

    • Hi Guys, I have a doubt, when trading equities/options/futures, if a trader places a buy or sell order to a broker, it goes to an exchange and if someone is ready to buy or sell at the that price order gets matched and the order is filled. What happens when we are trading only CFD, are we trading against the broker, our order is filled by the broker (IG), meaning if I am buying some equity CFD so IG is selling that CFD? If that is the case, can the price be manipulated to kick out the trader ?   
    • “If you want your life to return to normal you will need a vaccine passport”  NT Chief Minister Michael Gunner says. Government blackmail is the new normal.  The race is on, can the govts of the western world force digital passports on everyone using covid as the excuse before people realise the vaccines don't work and actually make things worse? Immunization expert: 'Unvaccinated people are not dangerous; vaccinated people are dangerous for others' - America's Frontline Doctors (americasfrontlinedoctors.org)   The UK ‘Vaccination’ Programme. Part 1: Adverse Drug Reactions and Deaths – Architects for Social Housing (ASH) ...  the logical conclusion to be drawn from these figures (PHE), is that the COVID-19 ‘vaccines’ that have been injected into the arms of 48 million people in the UK make no difference to the health impact of SARS-CoV-2, the viral load or its infectiousness. ... Last week, PHE published its latest, 22nd technical briefing, under the same title, and the results of the UK ‘vaccination’ programme are even worse. ... these figures show that partial or full ‘vaccination’ has made no difference to ‘infection’ with SARS-CoV-2, or at least to receiving a positive RT-PCR test, and, in fact, that the percentage diagnosed with this method was increasing among the so-called ‘vaccinated’. The percentages get even worse, however, when we look at deaths within 28 days of a positive test. .  
    • Mentoring video from prop trading firm Axia Futures. I've posted these in the past but they stopped making them available on Youtube. This one is a special and will be taken down on Sunday night UK time. Its 2 hours, I haven't had the time to watch yet but all their stuff is quality. Am told the last 25 min covers a 900K day trade made by one of their traders. Also covers chart patterns (why they might not work). Price ladder with market profile and footprint, how to combine the 3.   Webinar Replay | Axia Futures (elitetraderworkshop.com)
×
×
  • Create New...