Paul W

The point of this thread is the referenced text is ambiguous. I presume it has not been updated as the number of of ISAs avaialble has expanded, in particular the fact that you can open multiple ISAs of the same type in the same taxt year. It just says: "If your ISA is ‘flexible’, you can take out cash then put it back in during the same tax year without reducing your current year’s allowance. Your provider can tell you if your ISA is flexible." I take that mean that you can ONLY put it back in exactly the same ISA from which it came, because in my mind, it's not "putting it back" to put it elsewhere. But I can see some people taking that to be "putting it back into AN ISA, any ISA". This seems like a simple but important clarification that needs to be made to the page in question.

No, you can not do the transfer using flexible ISA rules, the money can only be re-invested in the the ORIGINAL ISA. I don't think the HMRC guides or sufficiently explicit however the very 1st response from HMRC in this thread I think is clear and did answer the question, https://xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx says this principle is the 'Golden Rule' (I'm going to gloss over the page from Nationwide I found where they says it's fine...)