Back to ISAs

What is a Flexible ISA?

In 2016, ISAs became flexible. What does this mean for you?

  • Flexible ISAs, like all ISAs, let you earn tax-free interest on your ISA limit.
  • Unlike some other ISAs, Flexible ISAs let you withdraw and replace funds without affecting your tax-free allowance.

Our Innovative Finance ISA is flexible

If you open a Zopa ISA in the new tax year, then you can withdraw and replace all or part of these funds without impacting your yearly tax-free allowance.

You can also withdraw interest earned from your Zopa ISA and replace it so that it also counts towards your tax-free allowance – but only at Zopa.

If you transfer a historic ISA balance to Zopa, then you can also withdraw and replace these funds in your Zopa ISA in the same tax year. It is important to note that if you transfer your ISA from Zopa to another provider before replenishing your historic balance, then you may lose some of your tax-free allowance.

When you invest your money, your capital is at risk and is not protected by the Financial Services Compensation Scheme (FSCS). Our risk statement has all the details.

We're here to help

Since 2005, more than 76,000 investors and institutions have lent over £2.88bn with us.

And we've just extended our opening hours: Monday to Thursday (8am to 8pm), and Friday (8am to 5pm).

Holiday opening hours:

December 25th to 26th: Closed
December 27th to 29th: 9am to 5:30pm
January 1st: Closed

Email: contactus@zopa.com

Telephone: 020 7291 8331

UK residents only. Calls may be monitored or recorded.