Important information - investment value can go up or down and you could get back less than you invest. If you're in any doubt about the suitability of a Stocks & Shares ISA, you should seek independent financial advice. The tax treatment of this product depends on your individual circumstances and may change in future. If you are uncertain about the tax treatment of the product you should contact HMRC or seek independent tax advice.
Adding money into your ISA account or withdrawing it is easy to do at ii.
We’ve got the answers to your most common queries around adding in and withdrawing cash from your Stocks and Shares ISA.
Adding money to an existing ISA
How to add money to your Stocks and Shares ISA
You can add money into your Stocks and Shares ISA account by debit card, or bank transfer. Login to your account and click “Add money” in the drop down menu. Follow the instructions there to add your money in.
For more information, head to our help centre.
Direct debits and regular payments
You can set up a direct debit to make regular cash payments into your Stocks and Shares ISA, or set up free regular investing to top up your chosen investments monthly.
Investing in bulk lump sums
Choosing whether to invest a lump sum or drip-feed investments into your ISA depends on your investment style.
There is no financial incentive for investing a bulk lump sum in your ISA. Lump-sum investing can work well when markets are rising but there are also advantages to investing small amounts regularly (regular investing), to benefit from pound-cost averaging.
To find out more about the advantages and disadvantages of investing bulk lump sums versus regular investing, read this article by Graeme Evans.
Paying into your spouse or civil partner’s ISA
If you and your spouse or civil partner have accounts with us, and you would like to fund their ISA with cash from any of your accounts, we can do this for you. You will need to contact us and we will arrange an internal transfer of cash from your account to theirs on your behalf.
Outside of these circumstances, you unfortunately cannot pay into someone else’s ISA.
Do I have to put money straight into investments?
You do not have to put your money into investments straight away. But until you do, you'll earn interest on the cash you hold in your ii Stocks and Shares ISA.
Withdrawing money from your ISA
How to withdraw money from your Stocks and Shares ISA
You can withdraw money from your ISA into an account held in your name.
To withdraw money, log in to your account and from the menu select cash & transfers > withdraw/transfer cash. Follow the instructions on screen for a bank transfer.
Please note that all payments into your ISA use up part of your £20,000 annual allowance. Withdrawing money does not restore your allowance.
For example, if you have contributed £10,000 this year, you have £10,000 remaining on your ISA allowance, even if you withdraw money.
Withdrawal timescales
The timescale for withdrawing cash is the next working day if you make the withdrawal before 2pm, and two working days if you make the withdrawal after 2pm. If you are selling shares, you will not be able to withdraw the cash until after the trade has settled.
Do you pay tax on Stocks and Shares ISA withdrawals?
You do not pay tax when you withdraw money from an ISA. Any profits you make in an ISA account are not taxable.