Can I withdraw the cash received from a corporate action?
If the monies have been paid into your Stocks and shares ISA or Dealing account then you can request to withdraw the funds to your nominated bank account. This can be done online from the 'My account' page.
If the monies have been paid into your SIPP, you will only be able to withdraw it after you have reached the age of 55.
If the monies have been paid into your Lifetime ISA, withdrawals are subject to a 20% penalty (25% from 6 April 2021) if taken out for any reason other than to buy a first home, at 60 for retirement, or in the case of terminal illness.
- Can you advise me on which election option I should take?
- How do I receive dividend notifications?
- Do you make a charge for administering my corporate actions?
- What currency will my dividends be paid in?
- A share in my ISA is subject to a corporate action – are there any additional implications?
- How do I respond to a corporate action?