Are Moneyfarm ISAs flexible?
At Moneyfarm, we believe that you should be in control of your finances – and we understand that sometimes temporary circumstances can be a hurdle when it comes to long-term investment.
In practice, this means that, say you contribute £20,000 before the deadline of this tax year. Next tax year, you can take all £20,000 out, for example, at which point your allowance with Moneyfarm would be £40,000. This is next year’s allowance, plus the ability to add back the funds that you needed.
What are the other benefits of flexible ISAs?
- Ease of access: The flexibility offered by Flexible ISAs enhances convenience, enabling individuals to use their savings for various purposes without worrying about losing tax benefits or exceeding the ISA contribution limits.
- Adaptability: This feature makes Flexible ISAs suitable for individuals with fluctuating financial needs or unexpected expenses, as they can access their savings when required without losing out on their tax-free ISA allowance.
- Greater control over your money: Flexible ISAs provide individuals with greater control over their savings, allowing them to manage their finances more effectively by accessing funds when needed and replacing them later without penalty.
- Investing for the long term: Despite the flexibility for withdrawals, Flexible ISAs still encourage long-term saving as it allows you to not need to keep an excessive rainy day pot.
- Peace of mind: Knowing that you can access your savings as and when you need allows you to respond to changing circumstances, giving you greater peace of mind in your financial security.
Why open a Flexible ISA with Moneyfarm?
We give you the choice to invest in a range of products and services that match your specific investment goals. Whether you want us to look after your money for you with a managed ISA or you’d like to take control of your own investment strategy, we’re here to help.
So why should you consider saving for the long term with us?
- Investing, your way
You can choose to have your savings managed by our expert team, with a range of fully managed, ready-to-go portfolios, or invest in a vast array of individual UK stocks, ETFs, and UK mutual funds with a Stocks and Shares account.
- Transparent, competitive pricing
At Moneyfarm, we’re committed to providing our clients with low, transparent pricing across all our products and services, to help you get the most from your savings and investments.
- Enhanced strategies
Level up your Moneyfarm experience with different investing strategies – ESG, Thematic Investing, or Liquidity+, our smart, short-term investment solution.
