Replace funds withdrawn from ISA ?

[willproblem]

I have 4 cash ISAs with different providers.
I might need to withdraw some to finance a property purchase.
This would be temporary.
Can I replace those funds at a later date ?
Google gives 2 contradictory answers !

Thank you.

My ISA allows this with bank of Scotland - not sure if all cash ISA's have the same terms but I would assume so. However you can only pay into one cash ISA in any tax year, so if you withdraw from more than one then you would only be eligible to pay back into one and not all.

That depends on which ISA you have. Flexible ISAs allow it. Ordinary ISAs don't.

However you can only pay into one cash ISA in any tax year

No longer true. They changed this rule last year. You can pay into as many ISAs as you like, provide the total remains below £20k per year.

You need a flexible ISA
Flexible ISAs: what are the rules & which banks allow it - MSE
Transfer the existing ISAs to a flexible provider - you can then withdraw the funds. You must pay them back in before the tax year ends to keep the ISA tax free status

Ask your provider!

Thanks for the replies.

I did not know about flexible ISAs, @Roomgigi , many thanks for the link.

You can pay into any number of ISAs, but only to a maximum of £20K in total each financial year. That doesn’t include moving money from one ISA to another. So if you have got have an ISA with £30k in now thats been in there since before April 2024, then withdraw £25K, you can pay back into it up to the tune of £20k before April 2025 then another £20k from April 2025 - 2026

@Soontobe60 not with a flexible ISA.

With a flexible one you could withdraw £100K and then pay £100K back in provided it's within the same tax year
You can then add £20K into a new ISA or the same ISA

Thats what I said!