You are able to withdraw some or all of your money at any time from a Nutmeg ISA, general investment account or Lifetime ISA. With the Lifetime ISA, if the withdrawal is not for the purchase of a first home, retirement after the age of 60 or because you're terminally ill, you'll have to a pay a 25% penalty.
The money in a JISA belongs to the child in all but exceptional circumstances. The child can take control of the account when they’re 16, but cannot access the money until they turn 18. If not withdrawn at age 18, the money rolls into an adult ISA.
You can't normally withdraw money from a personal pension until you're 55. We don't charge you to withdraw, but it takes 3-7 business days before your money will reach your bank account. The first 25% is tax free and the remainder is subject to tax.
Nutmeg offers flexible drawdown, this means you’re in control as you can choose how much of your pension pot you take and when you’d like to withdraw from it. For more information on withdrawing money from your pension, read our dedicated support page.
You can transfer a Nutmeg ISA or pension to another provider.
If you withdraw all your money, after we close your account, we hold your personal information for a time as required by law. You should always remember, however, that investments are subject to market risk and you may not get back the sum you invested. Read more about the withdrawal process.