How to transfer money from Kent Reliance variable ISA to my Natwest current account?

RobLondon1984

Does anyone know how?

And how does it affect my ISA allowances?

cheers

Aegis

If you transfer money out of your ISA, you lose that allowance forever. This means that you will have effectively lost 20% of your interest payments for good.

Most people would recommend not doing this unless you want to spend it right now.

HGLTsuperstar

Affects it same was as with any other ISA; your overall year limit (i.e. £3K) stays the same so say you'd put in 2K already this year (so 1K) left and you took out say 1K, you still have just 1K to invest this financial year (haven't explained that very well have I?) but basically if you can leave your money in the ISA do so.

RobLondon1984

I would have to call Kent Reliance

I don't want to take any money out, but I might have to

masonic

*All deposit and withdrawal requests should be posted to our Head Office using the supplied stationery (further supplies will be sent with quarterly statements or can be downloaded from this website). Please make sure the account number is quoted on all correspondence and cheques.

and as others have said, if you take the money out, you may not be able to replace it until the following tax year. Whether that's a problem or not depends on how fast you are able to build up your savings.