Is Zopa’s Smart ISA flexible?

Updated 3 months ago

Yes, Zopa’s Access ISA pots are flexible. That means you can withdraw and replace money in the same tax year without affecting your allowance. For example, say you’d saved £10,000 in your Smart ISA. You could withdraw this in full and then add it back in within the same tax year and still have £10,000 of your ISA allowance left.

Just so you know, you can't pay into multiple cash ISAs with different providers in the same tax year. And any money you withdraw and move outside your Smart ISA will no longer qualify as tax-free.

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