ISA flexibility is available on all Nationwide cash ISAs (except our Smart 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 (£20,000 for 2018/2019) in the tax year, but you can also withdraw and replace funds (during the tax year) without it counting towards your annual ISA allowance.

You can replace any withdrawn cash ISA funds within the same tax year without it counting towards your annual ISA allowance.

Example 1:

  • At the start of the tax year you put £5,000 into your ISA. This means you still have £15,000 of your £20,000 annual ISA allowance left.
  • You take out £2,000. Your balance is now £3,000.
  • You repay £2,000 into the account, taking your balance back up to your start-of-tax-year balance of £5,000.
  • You still have £15,000 of your £20,000 annual ISA allowance left to save against.
Example 2:

  • At the end of the last tax year, the total you have in your ISA is £20,000.
  • In the new tax year your new ISA allowance is £20,000.
  • You decide to withdraw £10,000 of your existing money. Your previous year's ISA balance is now £10,000.
  • This means you can pay in £30,000 – replacing £10,000 of your previous year's allowance, and using your new ISA allowance in the same tax year.

If you don’t replace the ISA funds in the same tax year that you’ve withdrawn them – you will not be able to replace these funds in another tax year.

ISA flexibility is available across the Nationwide cash ISA product range (except our Smart Junior ISA) meaning you can withdraw and put in money (in line with terms and conditions) to any cash ISA product without it counting towards your annual ISA allowance.

There are restrictions with some of our products, so it’s important to check your account terms and conditions.

For example:

  • Help to Buy: ISA has a limit on how much money you can put in each month. Any money you take out will affect how much you can save that month. Check your terms and conditions for details.
  • ISA flexibility does not apply to Smart Junior ISA.
  • If you have a Fixed Rate ISA, you can only withdraw your money if you close your account or if you’ve come to the end of your term. If you close your account early, there will be an early access charge.
  • With our Inheritance ISA: if you withdraw funds and wish to replace them in the same tax year, you can only replace these funds in another cash ISA product with us.

Yes, you can withdraw funds from current and previous years’ deposits 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 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 it counting towards 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 manager.

If you transfer your current-year ISA, we will tell your new ISA manager how much more you can deposit within the tax year. This will include any withdrawals made that can be repaid with the new ISA manager.

How to transfer a cash ISA

Withdrawals made against previous years’ deposits can’t be transferred to the new ISA manager. If you want to transfer these, you’d need to replace these before making a transfer.

Previous years’ withdrawals can be repaid with Nationwide if you open a new Nationwide ISA product within the tax year.

Yes, you can transfer your flexible ISA to Nationwide. If you transfer your current-year ISA to us, your current ISA manager will tell us how much more you can deposit within the tax year.

More about transferring/managing your ISA(s

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

Flexibility is available across all Nationwide ISA products (except our Smart Junior ISA) meaning you can withdraw or pay in to 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 (in the same tax year) before counting towards your annual ISA allowance. Any withdrawals will be treated as coming from the current year’s deposits 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 £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 (£1,000 in ISA A and £5,000 in ISA B) 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.

More about transferring/managing your ISA (s)

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 it counting towards 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 it counting towards 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 it counting towards your annual ISA allowance.