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Withdrawing from a Bradford and Bingley ISA


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Written on: 13.01.2010 [22:41]
Akil
Akil
Topic creator
Posts: 4
I have had a Bradford and Bingley ISA for some years now and I have been adding to it each financial year. It now adds up to more than £20,000. If I decide to take this money out of the ISA, will I still be able to put it all back in to an ISA in the next financial year?
Written on: 17.01.2010 [19:52]
Zaira
Zaira
Posts: 1
No you will have to start from scratch once again….you can only put your single years allowance in. You are not able to put it back in again.
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  • Written on: 19.01.2010 [12:25]
    Wulf
    Wulf
    Posts: 1
    Yeah I would seriously think about keeping it in the ISA, imagine taking it out then having to pay tax in a normal savings account. It sucks