skip to main content
Homepage /

Flexible ISA

Invest up to £20,000 per individual for 2021/2022

Investment ISAs put your capital at risk & you may get back less than you originally invested

Stocks & Shares ISA

from Nutmeg

Allows ISA Transfers
  • Fund Choice: Nutmeg offer 4 diversified portfolios with ETFs, using technology to keep charges low.
  • Invest From: Min. £500 single

Stocks & Shares ISA

from Hargreaves Lansdown

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 2,500 funds, shares, investment trusts and more to build your portfolio.
  • Invest From: £25 pm

Stocks & Shares ISA

from Fineco

Allows ISA Transfers
  • Fund Choice: A complete multi-currency platform with low fees. Premium trading without premium prices. Choice of worldwide asset managers.
  • Invest From: £100

Stocks & Shares ISA

from AJ Bell

Allows ISA Transfers
Regular Savings
  • Fund Choice: Wide range of stocks and shares, over 2,000 funds (unit trusts and OEICs), investment trusts and ETFs. Capital at risk.
  • Invest From: £25 pm

Stocks & Shares ISA

from Shepherds

Allows ISA Transfers
Regular Savings
  • Fund Choice: Invest in the Shepherds With Profits Fund which offers medium to low risk investing, with the aim of growing your money in a smooth manner over the long term.
  • Invest From: £30 pm

Stocks & Shares ISA

from Interactive Investor

Allows ISA Transfers
Regular Savings
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds.
  • Invest From: £25 pm

Share Dealing ISA

from IG

Allows ISA Transfers
  • Trade From (frequent trader rate): £3.00
  • Trade From (standard trader rate): £8.00

Stocks & Shares ISA

from Fidelity

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK.
  • Invest From: £25 pm

Stocks & Shares ISA

from Moneyfarm

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have it matched to an investment portfolio expertly built and managed.
  • Invest From: £1,500

Stocks & Shares ISA

from Wealthify

Allows ISA Transfers
Regular Savings
  • Fund Choice: Choose your risk profile and have an investment Plan built and managed for you.
  • Invest From: £1

Flexible ISA

A flexible ISA is a modification of an ISA. An ISA is an account that does not have tax on the interest gained. The flexible ISA policy was initiated and applied to all credit institutions as of 6th of April, 2016. The policy allows for the application of various flexible features to a normal ISA account. The features can be applied to an ISA account regardless of whether it was opened post the 6th of April or even before that. The policy offers various advantages to individuals especially as concerns cash withdrawals. The flexible ISA allows for an individual to withdraw money without any limit from the account. The money can be deposited at irregular intervals without any limit on the deposit.

The flexible ISA feature is applicable to all ISA accounts regardless of when they were opened. However, not all the credit institutions that offer ISA have the flexible ISA feature. The money deposited to replace that which was withdrawn will not add up to or contribute to that of the annual subscription. The only instance where that is possible is when the money deposited for the repayments exceeds that which was withdrawn, within the same tax year.

Limitations

There are certain rules or limitations to the flexible ISA including:

  1. The money that is withdrawn from the account, though without a limit on withdrawal has to be repaid within the same tax year as that which it was withdrawn.
  2. A flexible ISA account is not transferrable from one credit institution to another. For that reason, if the money that was withdrawn on a certain account is not repaid before opening another account, the money cannot be repaid into the new account. In the event of a transfer, the new credit institution is not informed about the funds to be paid. Instead, the information passed on concerns the value of money that is left within the account, and that which is accessible for withdrawal.
  3. The flexible ISA feature only works for withdrawals and not deposits.

Benefits

  1. 1.A flexible ISA allows for an individual to use the money that they have saved instead of their allowance on the account.
  2. 2.The unlimited withdrawal is very beneficial to individuals especially concerning situations of emergency.
  3. 3.By using flexible ISA, an individual retains his/her tax benefits and is still able to use their savings.

Conclusion

The flexible ISA is only accessible to credit institutions that have agreed on it. You should therefore confirm whether or not it is offered by your bank.

5 Shares For Your 2021 ISA – Free Guide

Investment inspiration for this year’s ISA allowance.

It’s looking more and more likely we’re past the worst of the pandemic.

For five shares that could be worth a look in this context, download a FREE factsheet to discover Hargreaves Lansdown’s experts’ latest picks.

They include:

  1. One of the world’s largest mining companies
  2. A social media giant eyeing digital dominance
  3. An intriguing ‘boring’ stock

Request Hargreaves Lansdown FREE guide »

Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice.

Lifetime ISAs

Save for your first home and retirement

Compare Lifetime ISAs

Junior ISAs

Invest for your child’s future

Compare Junior ISAs: 

Stocks & Shares ISAs

Invest tax-free in stocks and shares 

Compare Stocks and Shares ISAs:

Latest News

5 Considerations for Your Next Investment ISA

15th March 2021

You've decided to invest your savings into a Stocks and Shares ISA. You'll be using your tax-free ISA allowance for this year before the deadline, while also investing your money for your future. But what do you need to consider before opening an account? We've put together a list of our top five considerations for you to think about before you click "apply". 

Newsletter Signup

Sign up to our Newsletter to get exclusive news and offers direct to your inbox.

About us

ISA.co.uk is a trading style of Fair Investment Company.

We've been comparing and recommending ISAs for many years so you can trust you're in good hands.

About us