From 6 April 2016 ISA flexibility will be available on all Nationwide cash ISAs (with the exception of Junior ISA). This means you can withdraw money from your cash ISA and replace it (subject to the account terms and conditions) within the same tax year, without it counting towards your annual ISA allowance.

ISA flexibility means you can continue to increase your current ISA balance by up to the annual ISA allowance (£15,240 for 2016/2017) in the tax year, but you can also withdraw and replace funds (during the tax year) without counting towards your annual ISA allowance.

You can replace any withdrawn cash ISA funds within the same tax year without impacting your annual ISA allowance.

For example:

  • At the start of the new tax year you deposit £5,000 into your ISA, meaning your total ISA balance is £5,000 and you can pay a further £10,240 towards your annual ISA allowance from this tax year.
  • You withdraw £2,000. Your total ISA balance decreases to £3,000 and you are able to pay £12,240 into the ISA within the tax year.
  • You repay £2,000. Your ISA balance increases to £5,000 again and you are still able to pay a further £10,240 into the ISA within the tax year.

ISA Flexibility will be available across the Nationwide portfolio (with the exception of Junior ISA products) meaning you can deposit and withdraw funds (in line with terms and conditions) from any cash ISA product without impacting your annual ISA allowance.

In some cases, you may only be able to withdraw the whole of the balance at closure and may have to pay an Early Access Charge for example our Fixed Rate ISAs. In the case of other products (such as a Help to Buy: ISA) there may be restrictions on the amount you can deposit in each month so it’s important to check with your product requirements.

Yes, you can withdraw funds from current and previous years’ subscriptions from 6 April 2016 and pay them back into a cash ISA with Nationwide (within that tax year), without it counting towards your current year's ISA allowance.

Any money withdrawn before 6 April 2016 will count towards your annual ISA allowance if repaid. 

Any funds withdrawn from your ISA can only be replaced within the same tax year. Any money withdrawn and not replaced within the tax year cannot be paid back in without impacting your annual ISA allowance.

It is your responsibility to keep track of how much of your annual ISA allowance you have used but if you are unsure you can check on the Internet Bank (if you are registered) or ask in branch.

Yes, you can still transfer your ISA to a new provider. If you transfer your current year ISA we will tell your new provider how much you can subscribe within the tax year. This will include any withdrawals made that can be repaid with the new provider.

Withdrawals made against previous year’s deposits will not be transferred to the new provider but can be repaid back with Nationwide by re-opening an ISA product within the tax year.

Yes, you can transfer your flexible ISA to Nationwide. If you transfer your current year ISA to Nationwide your current provider will tell us how much you can subscribe within the tax year.

If you transfer your ISA to a new provider that does not offer ISA flexibility, you will not be able to repay any money that is withdrawn after the switch, without impacting your annual ISA allowance.

Yes, you can still consolidate your ISA products. 

Yes. However, part withdrawals are not allowed from Fixed Rate ISAs. To access your money before maturity, you will need to close the account, and an Early Access Charge will be applied. You may repay any withdrawn money back into another ISA with Nationwide in the same tax year (subject to the product terms and conditions), without it affecting your annual ISA allowance. Please note: you cannot replace money into the closed account, you will need to open a new Cash ISA with us.

Yes. However, you cannot replace more than the maximum monthly deposit of £200 in a Help to Buy: ISA. Additional money can be paid into an alternative ISA product (subject to the product terms and conditions) in the same tax year with Nationwide, without impacting your annual ISA allowance.

Any money withdrawn from an Inheritance ISA can be replaced into an alternative cash ISA product without impacting your annual ISA allowance. However any funds paid or repaid into an Inheritance ISA will count towards the inherited ISA allowance.

Flexibility is available across all Nationwide ISA products (with the exception of Junior ISA products) meaning you can deposit and withdraw from any ISA product within the tax year. Your ISA allowance and any withdrawn funds that can be repaid will be totalled from across all your ISA products.

Please note: Any ISA deposit will repay withdrawn funds before counting towards your annual ISA allowance. Any withdrawals will be treated as coming from current year’s subscriptions first as per the scheme guidance.

For example:

ISA A (holds a balance of £5,000 at the start of the tax year)

ISA B (new ISA product)


  • You deposit £5,000 in ISA B. Your overall ISA balance is £10,000 (£5,000 in ISA A and £5,000 in ISA B) and you are able to pay a further £10,240 between the two ISAs within the tax year.
  • You withdraw £4,000 from ISA A. Your overall ISA balance decreases to £6,000 and you are able to pay a further £14,240 between the two ISA products within the tax year.
  • You deposit £4,000 into ISA B. Your overall ISA balance increases to £10,000 (£1,000 in ISA A and £9,000 in ISA B) and you are able to pay a further £10,240 between the two ISA products within the tax year.

Any interest paid away to an alternative savings or current account will count as a withdrawal from the ISA. This means that this money can be paid back into your ISA within the tax year without impacting your annual ISA allowance.

Yes, if you are living abroad and hold an ISA offering flexibility you can replace any withdrawn ISA funds (during the tax year) without impacting your annual ISA allowance. However you will still not be able to add any new funds above the amount withdrawn to your existing ISA.

If you close your ISA with Nationwide without replacing all withdrawn funds, you can re-open the account with us within the same tax year and replace withdrawn funds without impacting your annual ISA allowance.