S+S Isa as a pension

SteveyJC

Dear All,

If I invest £x per year in a stocks and shares ISA, can I withdraw it when I become 60 or 65, either all in one go, or in parts without getting hit by tax?

Thanks,
Stevey

debbie42

You aren't subject to any tax directly on money withdrawn from an ISA. Once it's outside of the tax wrapper then it depends what you do with it.

dunstonh

See the ISA vs Pension thread in the pensions forum. There are pros and cons to using pensions or ISAs for retirement provision. The first pages of the sticky thread cover those.

SteveyJC

thanks for the quick responses. I'll check those links out!

Stevey