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Adding and withdrawing money from an ISA

Stocks & Shares ISA

Adding and withdrawing money from a stocks and shares ISA

Check how easy it is to make contributions to your stocks and shares ISA with interactive investor

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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 to your Stocks and Shares ISA

You can add money to your Stocks and Shares ISA by debit card, bank transfer or cheque. For more information on how to add money to your account, visit our help centre

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.

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.

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. If you would prefer to send a cheque, please make it payable to interactive investor services limited and clearly state your ISA number on the back. Send it to:

interactive investor
Payment Services
Exchange Court
Duncombe Street
Leeds
LS1 4AX

You do not have to put your money into investments straight away, but you will not earn interest on any cash you hold in the ii Stocks and Shares ISA. 

Withdrawing money from my 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.

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.

Invest for a better future with a great value, tax-efficient stocks and shares ISA. Start today for only £9.99 a month.

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