Parmenion has transformed its ISA product into a Flexi ISA to provide advisers and their clients “more ways to use ISAs as a tax-efficient financial planning tool”.
The upgrade to the Flexi ISA is aimed at offering a host of benefits for advisers and their clients on the Parmenion platform. It said this meant clients can make withdrawals from their Parmenion ISA and replace the funds within the same tax year, without affecting their annual ISA allowance. It added it would also waive charges for withdrawals. Existing clients will be automatically transferred. This update, which came into effect on 23 August, will ensure that any withdrawals made are counted as flexible withdrawals for the 2023/24 tax year. Head of product Dan Edwards said: "...
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