How do I setup a new ISA?
To create a new ISA account, the key bits of information you need to have to hand are:
- National Insurance number
- Home address
What are the tax benefits of an ISA?
ISAs are exempt from income tax and capital gains tax. This means that you don't have to pay tax on any income or profits on your account. You can withdraw money from your ISA at any time with no tax penalty.
What are the ISA fees?
mynestegg have a very competitive and simple charging structure. As a client you will pay the following:
Annual Account Fee: 0.45%
Annual Fund Fee: 0.12% - 0.23% (depending on your risk level)
Total Yearly Fee: 0.57% - 0.68%
We don't charge any initial or exit fees.
How has my ISA performed?
Here's how our other risk profile funds would've performed over the last 5 years:
Cautious: 11.30%
Balanced: 40.00%
Adventurous: 87.60%
Figures as at 1st February 2025.
How do I withdraw money from my ISA?
Accessing your ISA funds is easy and fee-free! 🥳
Partial Withdrawal: You can easily withdraw up to 95% of your funds directly through the app. 📱
Full Withdrawal: If you'd like to withdraw 100% of your funds, just reach out to us at [email protected], and we'll be happy to assist you! 📧
How to Withdraw:
Click 'Withdrawal Request' on your dashboard. 🖱️
Enter the amount you want to withdraw. 💰
Track your request on the portal or app. 📈
Can I set up an ISA and a pension?
Absolutely. Once you have setup an ISA with mynestegg you can then open a pension product. This can be done through your web portal or mobile app.