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Yeah I need it pretty soon, to buy my house. I don't have an alternative £50k (not sure what counts as "really big cash sums" - that's as big as it gets for me... ).
The news recently with markets going +-5% in a day made me wonder whether spreading out withdrawals would lower risk / average out that kind of fluctuation. The ISA is distributed across about a dozen funds as it is, but I don't really know how it works (eg. do they reflect daily/hourly changes or not)
hoefla-
I'd assume your cash isa isn't directly pegged to a specific index (or is it?) and would be hedged so that these fluctuations would smooth things out.
Also Say you've been getting a return of 6% year for five years then taking a 5% hit on a badly timed withdrawal isn't the end of the world. It's not going to change your life, and when you are forced to cash in, you kind of have to accept what the market gives you on the day or like you say stagger things but if you stagger you could get an even worse result at the cost of a load of hassle.
Howard
Assume you absolutely have to cash out of the ISA?
No idea regarding your quandary. Personally I’d do it in one go if I was comfortable with the existing return. I’d be surprised if doing what you Suggest would make a big difference long term unless we are talking really big cash sums.
If I wasn’t happy with the existing return I’d try to find the cash elsewhere.