ISA

Can I use my additional ISA allowance with AJ Bell Youinvest?

Yes, providing that you have an AJ Bell Youinvest ISA and your spouse’s ISA was held with AJ Bell Youinvest. We do not currently accept transferred allowances from other ISA Managers.

You must have been married and living together at the date of death i.e. not separated under a court order, under a deed or separation or in circumstances where the marriage or civil partnership has broken down.

How long does it take to withdraw funds from my ISA or dealing account?

Login to your account and use the ‘Withdraw Cash’ option to move cash to your nominated bank account.You should receive the funds within 5 working days.

Please note that once money has been taken out of the ISA, it cannot be paid back into any ISA if you have reached the annual ISA allowance limit for that tax year.

Can I move cash from my ISA to other accounts I have with you?

Yes, if you have an ISA with us and want to move money to a SIPP or dealing account, then you simply login to your ISA account, go to your My Accounts page, select Manage My Accounts and then select Cash Movement.

Please note that you can only move cleared cash. Monies paid into your ISA will take five working days to clear.

You should remember that once funds have been taken out of the ISA there may be restrictions on your ability to pay it back in.

Can I open an ISA for a child?

You must be over 18 to hold an ISA, but a Junior ISA can be opened for a child. You must have parental responsibility for the child to open the Junior ISA, and the child must be eligible for the Junior ISA so they must be under 18. If a Child Trust Fund (CTF) is held the Junior ISA can only be opened if the CTF is to be transferred.

What are the minimum and maximum amounts I can invest in an ISA?

You must invest a minimum of £500 to open our ISA, but you can invest as little as £25 per month if you want to make regular payments into the ISA after that.

The maximum you can invest in an ISA under the current regulations is £15,240 for the 2015/16 tax year.

If I am a non UK resident, can I transfer in an existing ISA to you?

No, you must be a UK resident, or a Crown employee or spouse/civil partner who is working overseas. Non-residents generally may not transfer ISAs to us.

Can I set up a regular withdrawal facility for my ISA or dealing account?

Yes you can. You can choose whether you want to withdraw money monthly, quarterly, every six months or annually by completing either an ISA Cash withdrawal form or Dealing account cash withdrawal form and returning it to us.

How do I transfer my ISA to another ISA provider?

We would be very sorry to see you go, but if you want to transfer your ISA to another provider at any time, then please call us on 0845 54 32 600 and we will explain the process to you.

You can transfer in cash – in which case you would need to sell all of your investments in the ISA – or you can make the transfer in investments. If the full value of your ISA is transferred, this would be considered an account closure by us and if you wanted to invest again with us at a future date you would need to complete another application online.