Even though a Stocks and Shares ISA is meant to be a long-term investment, with Orca you retain access to your money at all times. Cash withdrawals from your ISA are quick, easy and most importantly — free of charge.
Withdraw the full balance held in your ISA or just a portion of it. There are no charges for withdrawing cash from your Orca ISA.
In order to withdraw money from a stocks and shares ISA, you will need to sell the investments required to generate the desired cash value for a withdrawal.
You don’t pay any taxes when you withdraw money from an ISA.
When using the Orca beginner stock trading app go to your Account, click on the “Withdraw” button and follow the instructions. The money you withdraw from your stocks and shares ISA will be directed to the same bank account you’ve been using to make deposits.
Processing a withdrawal usually takes no longer than 3 business days.
Remember that your capital is at risk. The value of your investment and the income derived from it can go down as well as up and you may get back less than you originally invested. The tax advantages of ISAs may change in the future and also depend on your individual circumstances.