Is the IG Invest ISA flexible?

Yes, our ISA is flexible, meaning you can withdraw money you contributed to your ISA and re-contribute it later in the tax year, without reducing your annual allowance of £20,000. 

For example, if you contributed your full allowance of £20,000 and then decided to withdraw £5,000, your remaining ISA allowance for the tax year would be £5,000. 

In contrast, with a non-flexible ISA, once you withdraw money, you lose the ability to reinvest that withdrawn amount within the same tax year without affecting your annual ISA allowance. In the example above, you’d lose the tax-efficient status of the £5,000 you withdrew and wouldn’t be able to add it back in the same tax year as you’ve already contributed the full £20,000.