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 Your ISA allowance and any withdrawn funds that can be repaid will be totalled from across all your ISA products.
Please note: Any ISA deposit will repay withdrawn funds before counting towards your annual ISA allowance.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.
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 £15,000 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 £19,000 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 £15,000 between the two ISA products within the tax year.