Best way to release funds from Stocks and Shares ISA

eskbanker

Albermarle said:

Beddie said:

Sell some of your highest risk fund - it's probably full of US growth stocks and has had a good run. No harm in taking profits when the markets look toppy.

Although it barely matters where you take it from, as you're only withdrawing about 1% of your money - insignificant.

As above , it is such a small % it is not worth spending too much time or energy thinking about it.

OP suggests withdrawing more than the initial £5K though, so if further withdrawals are to follow then it makes sense to consider what to plan:

melb said:

But I need to realise some money for day to day spending, say about £5,000 to start with.

melb

hi again, just wanted to say many thanks for all the comments so far.  I am very fortunate in that this money was invested by my father in my name many years ago and I had no input into which investments were made or how they have been managed over the years as I always saw this as my father's money should he need it in later life.

unfortunately he recently passed away so I am left with this very fortunate gift but as I have no savings and currently no income and minimal money in my bank account I do need to access some of the capital.

I will have a look at fees - it is with Hargreaves Lansdowne.

thanks again.