I notice my remaining ISA allowance has recently increased by the same sum that I ‘borrowed’ and subsequently reinvested earlier this tax year.
Have ISAs quietly become flexible?
I notice my remaining ISA allowance has recently increased by the same sum that I ‘borrowed’ and subsequently reinvested earlier this tax year.
Have ISAs quietly become flexible?
There was an announcment IE ISAs are now flexible. It wasn’t that quiet.
There was an updated T&Cs if I remmeber which account the email was for.
Yay - lucky you!
From current T&Cs on website, 1.12.24 edition :-
3.14. This is not a flexible ISA product.
From IE Help :-
Dear InvestEngine: I am interested too - is the ISA flexible now?
If so, does your System support ‘borrowing’ prior-years contributions?
Consider updating the website T&Cs if ‘yes’.
Hello, thank you for flagging the required update for our terms and conditions. To confirm, we now offer flexible ISAs on our platform. Clients can also ‘borrow’ from previous years’ contributions, as long as the funds are returned before April 6th. Please let me know if you have any further questions.
thank you @DeeFunds for your rapid and comprehensive answer.
It is good news from InvestEngine, as it adds a benefit some of your closer competitors currently have. Good work!