Withdraw funds into your bank account
To withdraw from your Zopa IFISA directly to your bank account, the usual rules for withdrawing your money from Zopa apply.
And if you replace the funds within the same tax year, your tax-free allowance isn't affected.
Transferring out of a Zopa IFISA
If you've found a new provider, you can move your funds over and keep their tax-free status by transferring-out.
To do this, you need to tell your new provider that you'd like to transfer your Zopa IFISA to them. They'll get in touch with us and we'll take care of the rest.
All the usual fees and sale rules apply and you can expect the transfer to take up to 30 days.
We can't transfer any loans in default or arrears so they will need to stay in a Zopa account.
When we get your transfer request, we'll sell as much as we can and transfer those funds to your new provider.
If you're transferring an ISA you opened in the current tax year, you must transfer as much as possible. We'll then move any loans in default or arrears into a non-ISA Zopa account while we work on recovery.