Yes, you can split your annual ISA allowance across the different ISA types:

• Cash ISA
• Stocks and Shares ISA
• Innovative Finance ISA
• Lifetime ISA
• or save the whole allowance in one type of ISA (apart from the Lifetime ISA, which has a limit of £4,000).

Aldermore offers Cash ISAs only. You can split your Cash ISA allowance between any of our Cash ISA products. This will be classed as one Cash ISA for the purposes of tax-free allowances and HMRC reporting.

Following changes announced in 2024, you can now invest your current year’s ISA allowance across multiple cash ISA providers. So if you’ve already paid some of your allowance into another bank or building society, you can still use the rest with us.

Yes, bringing your ISAs together in one place can also make them easier to manage. Learn how to transfer an ISA to Aldermore.

ISAs from previous tax years don’t count towards this year’s £20,000 allowance, and you can transfer them to us in full.

If you transfer an ISA from another provider into one of our Fixed Rate, Easy Access, Reward or Notice Cash ISAs, it will automatically become flexible. If you’ve transferred previous years subscriptions, you will be able to withdraw these and replace them, provided you replace them in the same tax year that you made the withdrawal.

A flexible ISA lets you withdraw money and put it back during the same tax year without it counting as a new subscription towards that tax year’s ISA subscription limit.

In simple terms:

• If you take money out, you can replace it in the same tax year.
• As long as you replace it within that tax year, it won’t reduce your remaining ISA allowance

All Aldermore's Cash ISAs are flexible. Help to Buy: ISAs are excluded from flexibility under the scheme rules.

You still have an annual ISA allowance. Flexibility just means that if you withdraw some of your subscriptions, you can replace them again so that you can make full use of your allowance.

Flexibility works slightly differently depending on the type of Cash ISA you hold.

Fixed Rate Cash ISA

Fixed Rate Cash ISAs don’t allow additional deposits once the account is open.

If you withdraw money and want to replace it, you’ll need to either:

• Open a new cash ISA with us at the interest rate available at the time, or
• Pay the money into another Cash ISA you already hold with us that allows additional deposits.

Easy Access, Notice and Reward Cash ISAs

If you withdraw money from one of these accounts, you can replace it by:

• Paying it back into the same account, or
• Paying it into another Cash ISA you hold with us that allows additional deposits, or
• Opening another Cash ISA product with us at the rates available at the time.

Any replacement must be made within the same tax year as the withdrawal.

Yes. Any interest paid away from your account counts as a flexible withdrawal. The replacement of the withdrawal can be made in line with product terms and conditions.

No, your account will be closed and can’t be re-opened. However, if you still hold any open Cash ISAs with us that allow additional deposits, you can pay the money into one of those accounts. If this is not the case, you can open a new Cash ISA product to replace the money. You will need to confirm that this is a replacement of previously withdrawn money relating to previous tax years, to make sure that this is allocated correctly against your ISA allowances.