The platform is integrated with our ISA administrators so if you try to transfer from your standard account to your IFISA account you will get a warning telling you it cannot be done. If you are looking to deposit straight into your Ablrate IFISA you will see a link on the deposit page saying ‘check IFISA allowance’ which will give you the remaining allowance figure.
If you attempt to deposit more than your allowance via debit card, our system will fail the transaction. If you have subscribed in the current year and an incoming transfer containing current year subscription takes the current year balance in the account above the annual allowance we will place the excess in your standard account.
PLEASE REMEMBER, REGARDLESS OF THE TAX BENEFITS, CAPITAL IS AT RISK
Whether investments are held within a IFISA or in a general account, they are not covered by the FSCS; the government backed deposit insurance scheme that protects bank deposits including Cash ISAs.