Transferring existing ISAs to us lets you have all ISA investments in one account with one consolidated statement. It may help make tracking your investment performance and making any changes to your portfolio easier.
You can transfer existing stocks and shares ISAs and cash ISAs held with other providers to us. We won't charge you for ISA transfers, but your current provider may have an exit charge.
You can transfer ISAs from previous tax years in full or in part and it won't affect this year's ISA allowance. If you're transferring an ISA that holds current tax year subscriptions, you must transfer that amount in full.
Please note, if you transfer a cash or lifetime ISA to us, we’ll convert it to a stocks and shares ISA you'll lose your lifetime ISA status along with any other benefits specific to that ISA. If you transfer your Lifetime ISA to a stocks and shares ISA, you'll be subject to the 25% withdrawal charge.
If you're transferring from a flexible ISA, please be aware that you may lose the ability to replace withdrawals in certain circumstances.
Transferring or consolidating ISAs may not be the best option for you. It's up to you to decide if this is the right decision for you - so make sure you compare products before transferring or consolidating. If you're not sure, speak to a financial adviser - there may be a charge for this.
It's important to remember the value of your consolidated stocks and shares ISA can still fall as well as rise and you may get back less than you invest. So although our stocks and shares ISA has no fixed term, you should be prepared to remain invested for at least five years - ideally longer.
Any new investments you move your money into will have their own set of risks that will be detailed in the fund information available to you.
If you’re transferring from a cash ISA to our stocks and shares ISA, you’re actually transferring between two very different products. In a cash ISA your money is held on deposit, but in a stocks and shares ISA the value can fall as well as rise.