Flexible ISAs and ISA Wallet

Spreading your ISA allowance

The ISA Wallet gives you more freedom with your annual ISA allowance. Instead of having to choose one cash ISA per tax year, with our ISA Wallet, you have the freedom to invest your cash as you wish.

You can now invest in our easy access, notice and fixed rate cash ISAs, all in the same tax year.

For instance you can keep access to some of your ISA funds, and lock away a share for a better return.

But, you can’t spread your ISA allowance in Cash ISAs with different providers in the same tax year. That means you can use your £20,000 in multiple cash ISAs with Paragon. But, you can’t use your allowance in cash ISAs with more than one provider in the same tax year.

How do Flexible ISAs work?

With our Flexible ISAs you can withdraw funds from your cash ISAs and then later deposit funds, in the same tax year, without using your annual ISA allowance.

You have the flexibility to make the most of your tax-free ISA allowance whilst still having access to your savings.

Lifetime ISAs aren’t Flexible ISAs. So, any funds you withdraw are potentially subject to the government withdrawal charge and can’t be replaced without using your remaining LISA allowance.