Taking income from an ISA

tramrider
Posts: 15
Joined: November 4th, 2016, 5:09 pm

Re: Taking income from an ISA

Postby tramrider » January 3rd, 2017, 5:48 pm

Julian wrote:
Deep down I know that for my current circumstances I could afford to take some of my ISA income rather than deny myself a few extra luxuries and leave all the income accumulating to end up in my estate when I die. I am however still having some difficulty clearing that mental hurdle that Scott mentions and actually setting up a regular monthly withdrawal. I keep telling myself "maybe next year" but next year comes and I don't do it. If anyone has been in a similar situation and has any advice about mind games that they played with themselves to help get over that hurdle then I would be interested to hear them.

- Julian


I have a SIPP in payment but 2 ISAs still building. Taking some income, while the bulk is still growing, is quite comforting.

You could start by taking a small monthly income from your ISAs, perhaps up to half, but you would still have quite a bit to reinvest and grow the capital. You would still have the pleasure of choosing where to put that remainder.

Enjoy some of it!

Tramrider

bobsmydog
Posts: 4
Joined: November 8th, 2016, 11:04 am

Re: Taking income from an ISA

Postby bobsmydog » January 5th, 2017, 3:58 pm

The Share Centre will pay out dividends to your bank as and when received if your request this on the phone (option not available on their forms).


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