Can I withdraw from my tax free savings account (CIBC Bank)?

Author	Message
Written on: 20.12.2009 [14:27]
Pranet Pranet Topic creator Posts: 3	I am a little short of money at the moment and I was wondering whether I could take a small amount from my tax free savings account? CIBC gave me some information about withdrawals but I cant seem to find it and I want to know whether I am going to be fined or not. Also once I get my finances together, will I be able to redeposit the amount I took out later on?
Written on: 26.12.2009 [11:17]
Djamila Djamila Posts: 3	Well yes you will be able to redeposit more money but not until the next tax year. For example whatever you take out will be added to your allowance for the next year, so it is a good thing but then you cant put it straight back in so id be sure before taking it out that wyou really need to.
Also very interesting: Tax-free national savings & investment accounts? Taxed income from savings? Tax rules for pensions contributions? New pensions & 2006 rules... Do I have to give notice to withdraw from a cash ISA (Halifax)? Can I withdraw from my tax free savings account (CIBC Bank)? Is the tax free savings account RBC offers available as a joint account? Can I have more than one of the tax free savings account TD introduced? Is there such a thing as joint tax free savings at CIBC? Overpaying the tax free savings RBC account: any charges?