As well as the tax-free benefits of an ISA, Our Flexible Cash ISA also offers you the convenience of making deposits and withdrawals whenever you want, without charge. It offers a variable rate of interest that can increase or decrease.
Under HMRC guidelines, your Flexible Cash ISA is classed as a Flexible ISA. Flexible ISA rules allow you to withdraw and replace money from the same ISA account in the same tax year without losing any of your tax-free entitlement. This means that any amount you withdraw will be added to your remaining allowance figure on this account for the tax year.
If you’re 16 years of age or older, a UK resident taxpayer with a National Insurance number then you’re eligible to open a Flexible Cash ISA. If you don’t have a National Insurance number, then it still may be possible for you to open one. Call us on 0345 266 1231 for further details.
You can also open a Flexible Cash ISA on behalf of someone else, either under a Power of Attorney or as a Deputy for someone deemed incapable of making their own financial decisions.