ISA withdrawal help Fundsmith

stephen25uk

Hey folks

Almost a daft question I’m embarrassed to ask,I need to withdraw some money from my Fundsmith stocks and shares isa, I’ve never done it before, do I just select redeem them the ammount I want, is it then paid into my bank ?

Sorry for such a simple question

Prism

Pretty much yes. They say it takes up to 4 days

Alexland

https://www.fundsmith.co.uk/faq

Redeeming funds – To redeem your funds, simply log in to the My Account section, click on the ‘trade’ option, and select ‘redeem’ in the drop down menu. You can select either an amount or a percentage, and assuming the account is in good order this will be processed at the next available midday valuation price. The settlement period for withdrawals is T+4 (the date of the deal being valued plus four working days). Additional signed confirmation may be required if you do not currently have bank account details registered with us on the system, so please feel free to call us and check this before you place a deal.