You can withdraw from your ISA at any time you wish, without charge. Learn more about how to withdraw and withdrawal timescales here.
If you have money in both ISA and general investment accounts with us, we will first withdraw money from the general investment portion so as not to affect your ISA allowance. If the requested amount is more than the total amount held in the general investment account, we will then use ISA funds to complete the withdrawal.
The Nutmeg stocks and shares ISA is not a flexible ISA, therefore if you’re withdrawing from the ISA your ISA allowance will remain used.
As an example; If you contributed £1,000 to your ISA and withdrew £500, you would have still used £1,000 of your ISA allowance and the ISA contribution bar will still show £1,000. If you were to later re-deposit the £500, your total ISA allowance used that year would be £1,500.