How do I withdraw money from my NuWealth Stocks & Shares ISA or GIA?
You can withdraw either some or all of your money at any time, as long as that amount has fully settled (i.e. there are no pending investments). To make a withdrawal, please go to the 'Account' section of the NuWealth app, then tap 'Transfer to Bank'. Here, you can specify the amount that you would like to withdraw from your NuWealth Cash Balance to your linked bank account. If you want to withdraw money that is currently invested, you will need to sell these assets first.
For ISA & JISA accounts, if you're moving funds to another provider or type, use the official ISA/JISA transfer process to keep your tax benefits. Withdrawing funds instead of transferring could mean you lose your tax-free allowance, especially if you're above the annual allowance. Transfers don’t count towards your yearly ISA or JISA allowance and ensure your savings remain tax-free. To maintain your tax benefits, use a transfer, not a withdrawal.