News

You Can Withdraw Money from Your IFISA Whenever You Want

Published on April 12, 2017

So a Proplend IFISA is flexible and you can withdraw and replace ISA monies within the same tax year. But you can also draw-down some or all the value of your ISA permanently.

Subject to selling your loan investments and the required cash being available, you can request a withdrawal from your ISA through your Lender Dashboard. You don’t have to tell us at the time whether you intend to return some or all the funds before the end of the tax year (i.e. whether it’s a flexible withdrawal or not). Any withdrawals not returned to your ISA before the tax year end will simply be treated as permanent withdrawals. Any amounts replaced before 6 April will be treated as flexible withdrawals. If you’re uncertain how much you can replace without making new subscriptions, just give us a call.

Remember: Your Proplend IFISA will remain open unless you specifically tell us that you want to close it. Keeping it open means you can invest new ISA subscriptions and transfers in the future.