At InvestEngine, we’re here to help you grow your wealth over the long term, and that usually means staying invested through market ups and downs. However, we know that sometimes you need access to your money, and that’s why our ISA is designed to give you flexibility when it matters most.
Our Stocks & Shares ISA is fully flexible, so if you do need to withdraw, you can and you won’t be penalised for it.
What’s a Flexible ISA?
If you withdraw money, you can replace it later in the same tax year without it affecting your annual ISA allowance.
For example: If you withdraw £2,000 in June, you can still put that £2,000 back in before 5 April and stay within your £20,000 annual limit.
Want to know more about Flexible ISAs?
How long does it take?
- If you're withdrawing uninvested cash, it’s usually processed within 1 working day
- If you're withdrawing from invested funds, we’ll need to sell your ETFs before sending your money
- Sales are placed during our daily trading window (which is usually between 2-3pm)
- ETF trades settle in 2 working days
- We then send funds to your linked bank account, which usually takes 1 additional working day
For a step-by-step guide on withdrawing money click here