JamesCaldwell

ISA Transfers

Compare ISA transfer options

Unhappy with your current ISA provider? Perhaps you're no longer getting the best rates, or you want to put all your ISAs from previous years together in one place? Fortunately, transferring ISAs is a simple process. Use this page to compare a selection of the latest ISAs accepting transfers.

 

James Caldwell, Director

Cash ISA Transfer Selection
ProviderPlan NameDeposit TakerISA OptionTermMaximum Potential ReturnMore Info

Kick Out DepositInvestec Bank plcyesUp to
6 years
5.25%
per annum
More Info >
  • 5.25% for each year if the FTSE 100 finishes higher than its starting value
  • Opportunity to mature early at year 3, 4 or 5
  • Capital protected
  • Short/medium term alternative to fixed rates
  • Also available for Cash NISAs & NISA transfers
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Limited offer - deadlines apply. May close early if oversubscribed
  • Plan designed to be held for full term
  • Arrangement fee applies
  • Returns not guaranteed. You may only receive a return of your original capital 

5 Year Deposit Plus PlanInvestec Bank plcyes5 years27.5% fixed or 100% of FTSE 100 growth (no limit)More Info >
  • Target return of 27.5% gross or 100% of any growth in the Index if higher
  • Capital protected
  • Low minimum - £3,000
  • Short/medium alternative to fixed rates
  • Also available for Cash NISA & NISA Transfers
  • Covered by the FSCS (Financial Services Compensation Scheme)
  • Limited offer - deadlines apply. May close early if oversubscribed
  • Plan designed to be held for full term
  • Arrangement fee applies
  • Returns not guaranteed. You may only recieve a return of your original capital
Important Information: Structured deposits offer you the potential to earn higher returns than you would with a regular savings account. Your returns are based on the performance of an index or commodity. If the investment does not perform well you may receive no income or capital growth, but you can be confident that your capital will be repaid. You have no access to your deposit during the term of the account, typically 3 to 6 years but your original capital will be repaid in full at the end of the term. In the event that the deposit taker is unable to repay your initial investment and any returns stated you may be entitled to compensation from the Financial Services Compensation Scheme (FSCS) depending on your individual circumstances.
Income Investment ISA Transfer Selection
ProviderPlan NameCounterpartyISA OptionTermMaximum Potential ReturnMore Info

FTSE 100 Enhanced Income PlanInvestec Bank plcyes6 years5.4%
fixed income per annum
More Info >
  • 5.4% income paid regardless of the performance of the FTSE 100
  • Monthly income
  • Available for NISA, NISA transfer and direct investment 
  • Investment deadline for NISA transfers - 1 August 2014
  • Investment deadline for direct and NISA - 15 August 2014
  • Capital is at risk if the FTSE 100 Index falls by more than 50% during the term and finishes lower than its starting value, in which case your initial investment will reduce by 1% for each 1% fall
  • Minimum investment £3,000
  • An arrangement fee applies to this plan
  • Product designed to be held for the full term

FTSE 5 Monthly Income PlanMorgan Stanley BVyes6 years7.5%
fixed income per annum
More Info >
  • 7.5% fixed income paid regardless of the performance of five FTSE 100 shares
  • Monthly income
  • Available for NISA, NISA transfer and direct investment 
  • Investment deadline for NISA transfers - 1 August 2014
  • Investment deadline for direct and NISA by cheque - 8 August 2014 
  • Investment deadline for direct and NISA by bank transfer - 13 August 2014
  • Capital is at risk if one or more shares has fallen by more than 50% at the end of the term, in which case your initial investment will reduce by 1% for each 1% fall of the lowest performing share
  • Minimum investment £5,000
  • An arrangement fee applies to this plan
  • Product designed to be held for the full term

FTSE 4 Quarterly Income PlanCredit Suisse AGyes
6 years
9.44%
per annum
More Info >
  • Up to 9.44% per year based on four FTSE 100 shares staying above 60% of their opening values
  • Quarterly payments
  • Available for ISA, New ISA (fom 1st July), ISA transfer and direct (non-ISA) investment
  • Investment deadline ISA transfers - 18 July 2014
  • Investment deadline for direct and ISA by cheque - 25 July 2014
  • Investment deadline for direct and ISA by bank transfer - 30 July 2014
  • Capital is at risk if one or more shares has fallen by more than 50% at maturity from its starting value, in which case your initial investment will reduce by 1% for each 1% fall of the lowest performing share
  • Minimum investment £5,000
  • An arrangement fee applies to this plan
  • Product designed to be held for the full term
Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. Income and growth returns are not guaranteed. There is a risk of losing some or all of your initial investment due to the performance of the underlying Index or commodity. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.
Growth Investment ISA Transfer Selection
ProviderPlan NameCounterpartyISA OptionTermMaximum Potential ReturnMore Info

FTSE 4 / FTSE 100 Defensive Kick Out PlanCredit Suisse AGyesUp to
6 years
17%
after 18 months
More Info >
  • 17% after 18 months, or 17% plus an additioanl 6% for each six months thereafter provided four FTSE 100 stocks finish equal to or higher than the required kick out level
  • Potential to mature early every six months, from 18 months onwards
  • Kick out level reduces from 100% to 75% over the term
  • Available for NISA, NISA transfer and direct investment
  • Investment deadline NISA transfers - 1 August 2014
  • Investment deadline for direct and NISA by cheque - 8 August 2014
  • Investment deadline for direct and NISA by bank transfer - 13 August 2014
  • Capital is at risk if one or more stocks has fallen by more than 40% at maturity from their starting value, in which case your initial investment will reduce by 1% for each 1% fall of the lowest performing stock
  • Minimum investment £5,000
  • An arrangement fee applies to this plan
  • Product designed to be held for the full term

FTSE 100 Enhanced Kick Out PlanInvestec Bank plcyesUp to
6 years
10%
per annum
More Info >
  • 10% for each year (not compounded) provided the FTSE 100 finishes higher than its starting value (subject to averaging)
  • Alternative collaterised options also available returning a potential 8% or 8.2% each year
  • Potential to mature early, from year 2 onwards
  • Available for NISA, NISA transfer and direct investment
  • Investment deadline NISA transfers - 1 August 2014
  • Investment deadline for direct and NISA - 15 August 2014
  • Capital is at risk if the FTSE 100 Index falls by more than 50% during the term and finishes lower than its starting value, in which case your initial investment will reduce by 1% for each 1% fall
  • Minimum investment £3,000
  • An arrangement fee applies to this plan
  • Product designed to be held for the full term

UK Kick-out PlanAviva plc, Barclays Bank plc, Lloyds Bank plc, and The Royal Bank of Scotland plcyesUp to
6 years
8%
per annum
More Info >
  • 8% for each year (not compounded) provided the FTSE 100 finishes equal to or higher than its starting value
  • Potential to mature early, from year 2 onwards
  • Available for ISA, ISA transfer and direct investment
  • Investment deadline stocks and shares ISA transfers - 11 July 2014
  • Investment deadline for cash ISA transfers - 18 July 2014
  • Investment deadline for direct and ISA - 1 August 2014
  • Capital is at risk if the FTSE 100 Index falls by more than 50% during the term and finishes lower than its starting value, in which case your initial investment will reduce by 1% for each 1% fall
  • Minimum investment £10,000
  • An arrangement fee applies to this plan
  • Product designed to be held for the full term
Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. Income and growth returns are not guaranteed. There is a risk of losing some or all of your initial investment due to the performance of the underlying Index or commodity. There is also a risk that the company backing the plan known as the Counterparty may be unable to repay your initial investment and any returns stated.

Transferring an ISA

Transferring your ISA can be a smart move for savers, especially given the instability of interest rates in the current financial climate. By keeping tabs on rates across the spectrum of ISA providers, and transferring when your current rate drops, it can allow you to chase the best rates around and ensure you make the most of your hard-earned cash. But before you do anything else, make sure you keep in mind the one fundamental rule of ISA transfers…

If you want to transfer your ISA, make sure you do it properly - never just withdraw the money or you'll immediately lose all the tax benefits.

How do I transfer my ISA?

ISA transfers used to be notorious for taking a long time, but thanks to recent guidelines, transferring an ISA from one provider to another is now a fairly straightforward process:

  • Once you have sent off the ISA transfer form, your new ISA provider should contact your current ISA provider within five working days. The ISA transfer process should take no longer than 15 working days.
  • When an ISA is transferred, the old ISA manager must give the new ISA manager a notice in writing containing information and a declaration, known as a transfer history form.
  • Once the transfer is done, you new ISA provider will be in touch to confirm this.

The rules of ISA transfers

  • You can transfer a cash ISA into a shares ISA, but not the other way around.
  • Once you've moved money into a transferred to a stocks and shares ISA, it cannot be transferred back to a cash ISA. If you subscribe to a cash ISA in the current tax year and then decide, in the same year, to transfer the ISA to a stocks and shares ISA, the contributions made to the cash ISA will be treated as if they had been made to the stocks and shares ISA. This means that, as far as HMRC is concerned, the investor is regarded as never having subscribed to the cash ISA.
  • Only past years' ISAs can be split. This means, in practice, that cash ISAs for the current tax year must be moved whole, but previous years' allowances may be split between different providers.

Can I transfer one ISA and open another?

The short answer is yes - you are free to transfer previous years' ISA balances to a better rate, as well as opening a separate account, as long as you only put cash into the latter account. You can pay into one cash ISA and one investment ISA each tax year, but transfers don't count as 'paying in'. You can transfer as many times as you like, and there's no set time in the tax year when you need to transfer.

Is there a charge for transferring an ISA?

Your existing ISA manager cannot stop you transferring, but they may charge you for it. However, this is becoming less common, particularly with cash ISAs. You should contact your current ISA provider and confirm their policy on this before making a decision.

See the tables above to compare a range of ISAs currently accepting transfers.

Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.

www.isa.co.uk is a trading name of Fair Investment Company Ltd which is authorised and regulated by the Financial Conduct Authority.