Stocks and Shares ISAs (2024)

Stocks and Shares ISAs are designed for long-term investing – we usually suggest a horizon of at least five years.

But there are times you might want to withdraw money from your ISA, and you can do this at any time. If you’re selling investments first, the trade will need to settle before you can withdraw cash. This usually takes about two working days for shares and four for funds.

With the HL Stocks and Shares ISA, there's no charge for withdrawing money. Though there might be charges for selling some investments, depending on what you hold.

Before you start

You need to have set up a nominated bank account before you try and withdraw money from your account.

How do I withdraw money on the website

Log in online to see your accounts
Select the account you want to withdraw from
Select 'Withdraw money' from the tabs
Read the ISA withdrawal warning. If you understand you won't be able to pay this money back into your ISA without using part of your ISA allowance, select 'Yes, I understand the implications'
Select 'Continue'
Enter the amount you want to withdraw then select 'Next'
Check the amount you're withdrawing and that you're happy with the terms and conditions
Select 'Confirm payment' to confirm

How to withdraw money on the mobile app

Select 'Accounts' in the bottom left corner
Log in using the verification method you have set up
Select the account you want to withdraw from
Select 'Action' then select 'Withdraw money'
Select 'Cash on my account' to withdraw money you have uninvested
Read the ISA withdrawal warning. If you understand you will not be able to pay this money back into your ISA without using part of your ISA allowance, select 'OK'
Enter the amount you want to withdraw then select 'Continue'
Check the amount you're withdrawing is correct
Select 'Place withdrawal' to confirm

What happens next

Depending on when you withdraw it, the money will usually reach your nominated bank account either later that day, or the next working day.

Withdrawal timings

How long the money takes to reach your bank account will depend on when you withdraw and the account you've withdrawn from. Here's what you need to know.

Withdrawal made before noon on a working day: Same day

Withdrawal made after noon, or on non-working day: Next working day

Payments are usually made by Faster Payment, which is free of charge.

If you've recently added money to your account, we may need to refund your debit card instead of paying to your nominated bank account.

This is for anti-money laundering regulations and can take 3-5 working days.