Back to Stocks & Shares ISA

Do I pay tax on Stocks & Shares ISA withdrawals?

No – you don’t pay any tax on ISA withdrawals. With True Potential Wealth Management, your money can be withdrawn any time, but it is worth noting that investments are intended to be held for medium to long-term, for 3-5 years. However, you may incur a charge when withdrawing unauthorised sums from certain ISAs, such as a Lifetime ISA.

It’s important to seek financial advice or support when looking into the different types of ISAs and their benefits. You should be aware that any money withdrawn from an ISA might not be able to be contributed back into an ISA outside of your normal annual allowance in that tax year.

Our ISA is a flexible ISA which means you are free to withdraw and replace money from your ISA, provided it is done within the same tax year, without affecting your annual ISA allowance.

As part of our service, we provide personal financial advice whenever you need it. Call us on 0191 625 0350 and our friendly team will talk you through your options.

With investing your capital is at risk. Investments can fluctuate in value, and you may get back less than you invest. ISA eligibility and provider rules apply.

If you need more information or have any further question, and you are not already a client with True Potential, you can speak to our friendly team on 0191 625 0350 available 7am-8pm weekdays.