Are Corporate Actions allowed under my IBUKL Stocks and Shares ISA?

In the event you oversubscribe to your ISA (in other words your ISA annual allowance was exceeded), you should not attempt to correct the mistake by withdrawing the excess funds from an ISA (including, but not limited to, your IBUKL Stocks and Shares ISA). Instead, you should call HMRC’s ISA helpline to explain the situation and inform them about the oversubscription. HMRC will advise you on the next steps.   …

You have a legal right to cancel your child’s IBUKL Junior Stocks and Shares ISA if you change your mind but there are time limits on doing so.

Additional Information…

Allowed to participate but cannot exceed the annual Junior ISA subscription limit. If it were to exceed the subscription limit, the shares should be transferred to a non-ISA account.  …

There is no annual ISA fee at IBUKL. Other costs and charges apply.

Additional Information…