Cash Withdrawals. 27.8.1 you may ask us to make cash withdrawals from your ISA. Withdrawals will be processed within 14 days of the receipt of your request. 27.8.2 unless otherwise permitted by us from time to time, the minimum withdrawal is £1,000 and the Investments remaining in your ISA after a withdrawal must have a minimum value of £1,000 (failing which we may treat your request as an instruction to terminate your ISA). 27.8.3 where there is insufficient cash to meet the withdrawal request, withdrawals will be met by selling investments. We will retain discretion to choose which investments to sell. 27.8.4 the amount to be withdrawn will be paid to you following the receipt of cleared funds resulting from the sale of investments. Payment is normally by direct credit to your bank of building society or, if agreed with us, may be by xxxxxxxx xxxxxx made out to you and sent to your home address. 27.8.5 under the Regulations, your Flexible ISA allows you to replace any sums withdrawn during the current tax year to be replaced later in the same tax year by an equally sized new payment into your ISA. If this occurs, the new payment will not count as part of your ISA allowance for this tax year.
Appears in 5 contracts
Samples: Discretionary Management Agreement, Discretionary Management Agreement, Discretionary Management Agreement
