Ideally, ISAs are best used for medium to long-term savings, but if you need access to your savings you can make up to 2 free withdrawals each tax year. The minimum withdrawal amount is £10 or the balance in your account, if it’s less than £10.
If you need to make more than two withdrawals in any tax year you’ll need to transfer to another provider or close your ISA, if you close your ISA, your money will no longer benefit from the tax advantages of ISAs in the future. You can only pay into one cash ISA in each tax year. If you have paid into your Premier Cash ISA in the tax year you close it, you won’t be able to pay money into another cash ISA in the same tax year.
This ISA does not have flexible features. This means that once withdrawn, your money will lose the tax advantages of ISAs and cannot be replaced within this ISA without affecting your annual ISA allowance.
Withdrawals can be requested over the phone or in writing (limits apply and ID may be required). To make a withdrawal by phone, please call 0345 602 3409. Calls cost no more than calls to geographic numbers (01 or 02). Calls from landlines and mobiles are included in free call packages.
Alternatively, withdrawal requests can be sent to:
Post Office Money Savings
PO Box 5179
Please include your name, address, ISA number, withdrawal amount and how you would like the payment to be made.
Withdrawals will be paid by Direct Credit to your Nominated Account or by cheque. Please note, you cannot withdraw money over the counter in a Post Office branch. Limits apply and ID may be required.