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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.
Investment Income Plan ISAs

FTSE 100 Defensive Income Plan

from Investec

Allow ISA Transfers
Annual Income up to 7.30%
  • Counterparty: Investec Bank
  • Term: Maximum 8 years

If you’re looking for high income, then the ability to receive 7.30% per year even if the FTSE falls almost 20%, could be appealing.

  • Up to 7.30% per year based on the performance of the FTSE 100 Index
  • Income paid even if Index falls by 20%
  • Quarterly payments
  • Alternative option also available paying up to 5.65% pa if the FTSE doesn't drop by 40% or more
  • Capital is at risk if the FTSE 100 Index has fallen by more than 40% at maturity from it's initial level, in which case your initial investment will reduce by 1% for each 1% fall
  • Minimum investment £3,000
  • An arrangement fee applies for this plan
  • Product designed to be held for the full term

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)

Important Information: Structured investment plans are not capital protected and are not covered by the Financial Services Compensation Scheme (FSCS) for default alone. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. 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.

Selected ISAs

Investment ISA

from Nutmeg

Allows ISA Transfers
  • Protection Scheme: FSCS
  • Fund Choice: Fully Managed Portfolio
  • Invest From: Min. £500 single (+ £100 pm for ISAs below £5,000)
Peer to Peer Lending ISAs

Downing Crowd IFISA

from Downing LLP

ISA Option
Allows ISA Transfers
Interest Rate 5.68% target return
  • Term: typically 1 – 5 years
  • Invest From: £100

Why we like it:

Downing is a long-established, FCA-authorised investment manager that brings over 25 years’ investment experience to debt-based crowdfunding. We launched the Downing Crowd platform in March 2016 and since then have raised over £40 million to support the growth of smaller UK companies, and repaid investors some £16 million of capital and £1 million interest (as at December 2017). To help manage risk, our Crowd Bonds are secured against existing assets, which means that if a borrower defaults on the bond, Downing, as security trustee, has the right to take control and use the net proceeds to repay some or all of the investors’ capital and interest.

Our monitoring fee is contingent on investors receiving their capital and interest being repaid in full.

Downing Crowd was recently awarded Best Investment Platform at the 2017 Growth Investor Awards, November 2017.

UK investors in Crowd Bonds can also now earn tax-free interest with our Innovative Finance ISA (IFISA). Capital at risk.

  • Tax-free interest on your investments through the IFISA
  • A range of fixed-term bonds to choose from
  • Downing’s fee is contingent on investors getting their capital and interest back in full
  • Capital at risk and returns not guaranteed
  • No FSCS deposit protection
  • Must be UK resident and over 18 years

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)
Investment Income Plan ISAs

FTSE 100 Enhanced Income Plan

from Investec

Allow ISA Transfers
Annual Income 4.35% fixed income
  • Counterparty: Investec Bank plc
  • Term: 5 years

Fixed income, fixed term, monthly payments and your capital back unless the FTSE falls by more than 40%. By offering a high fixed income rather than a variable income based on the performance of the stock market, this plans offers something different to income seekers.

  • 4.35% income paid regardless of the performance of the FTSE 100
  • Monthly income
  • Available for ISA, ISA transfer and direct investment
  • Capital is at risk if the FTSE 100 Index has fallen by more than 40% at maturity from it's initial level, in which case your initial investment will reduce by 1% for each 1% fall
  • Minimum investment £3,000
  • An arrangement fee applies for 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. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. 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.

FTSE Monthly Contingent Income Plan

from Meteor

Allow ISA Transfers
Annual Income Up to 6.00%
  • Counterparty: Natixis
  • Term: Up to 10 Years

With the current record low interest rate environment, income is high up on the agenda for many investors and so the ability to receive 6% per year even if the FTSE falls by up to 25%, is certainly worth a closer look.

  • Potential monthly income: 0.5% (equivalent to 6% annually)
  • Income paid even if FTSE 100 falls by 25%
  • Potential to kick out quarterly from eighteen months onwards
  • Available for ISA, ISA transfers and direct investments
  • Capital is at risk if the FTSE 100 Index falls by more than 40% 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 £5000
  • 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. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. 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.

Investment Growth Plan ISAs

FTSE 100 Enhanced Kick Out Plan

from Investec

Allow ISA Transfers
Maximum Potential Return 9.25% per annum
  • Counterparty: Investec Bank plc
  • Term: Up to 6 years

Kick out plans seem to attract particular interest when the market is at historically high levels since they can provide competitive returns even if the FTSE stays relatively flat with the potential for 9.25% annual growth.

  • 9.25% for each year (not compounded) provided the FTSE 100 finishes higher than its starting value (subject to averaging)
  • Potential to mature early, from year 1 onwards
  • Alternative collateralised option also available offering potential 7.60% pa
  • Available for ISA, ISA transfer and direct investment
  • Capital is at risk if the FTSE 100 Index has fallen by more than 40% at maturity from it's initial level, in which case your initial investment will reduce by 1% for each 1% fall
  • Minimum investment £3,000
  • 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. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. 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.

Focus FTSE Kick Out Plan

from Focus

Allow ISA Transfers
Maximum Potential Return 8.70% after year 1
  • Counterparty: Credit Suisse
  • Term: Up to 6 years
  • 8.7% pa provided the FTSE 100 Index finishes at or above its starting value
  • Potential to mature early, from year 1 onwards
  • Available for ISA, ISA transfer and direct investment
  • Capital is at risk if the FTSE 100 Index has fallen by more than 40% at the end of the plan, in which case your initial investment will reduce by 1% for each 1% fall
  • Minimum investment £5,000
  • 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. There is a risk of losing some or all of your initial investment due to the performance of the underlying investment. 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.

10:10 Plan

from Mariana

Allow ISA Transfers
Maximum Potential Return 8.25% per annum
  • Counterparty: Natixis
  • Term: Up to 10 years
  • Potential early maturity return of 8.25% x the number of years the plan has been active
  • Potential for early maturity from year 2
  • Available for ISA, ISA transfer and direct investment
  • Capital is at risk if the FTSE 100 Index has fallen by more than 30% at the end of the plan, in which case your initial investment will reduce by 1% for each 1% fall
  • Minimum investment £10,000
  • Product designed to be held for the full term

Calculate your interest with this plan

Your savings:
£
You could gain:
£0.00 (per tax year)
Share Dealing ISAs

Youinvest ISA

from AJ Bell

  • Trade From (frequent trader rate): £4.95
  • Trade From (standard trader rate): £9.95

Voted ‘Best ISA Provider 2017’ in the City of London Wealth Management Awards. Place 10 deals or more per month and pay only £4.95 per online deal in the next month. Deal from £1.50 and never pay more than £9.95 per online trade.

Investment Fund Supermarket ISAs

Stocks & Shares ISA

from Charles Stanley

Allows ISA Transfers
  • Protection Scheme: FSCS
  • Fund Choice: 1,500+ funds
  • Invest From: £50 per month or £500 single

Invest through an award winning FTSE company, with extensive research and analysis and competitive charges. Choose from a range of investments including shares, funds, gilts, bonds, investment trusts and ETFs.

Selected ISAs

My Select ISA

from Scottish Friendly

ISA Option
Allows ISA Transfers
Regular Savings
  • Protection Scheme: FSCS
  • Fund Choice: Choice of Scottish Friendly Funds
  • Invest From: £10 per month

Why we like it: Invest from only £10 a month, lump sums from just £100 or a combination of both using your tax-free Investment ISA allowance. Once you have set up My Select (ISA), you can stop, restart, raise or lower your payments or your investments and cash in whenever you want. Your money will be invested in a My Select policy within a Scottish Friendly ISA which will then invest in a choice of funds from Scottish Friendly including stock market and bond funds.

ISA Transfers

Transferring your ISA can be a savvy move for savers, especially given the instability of interest rates in the current financial climate.

By keeping a close eye on rates across the spectrum of ISA providers and transferring when your current rate drops, you can make your account work harder for you.

Transferring can make sure you’re receiving the best possible rate on offer at the time and ensures you make the most of your hard-earned savings. But before you do consider transferring, 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.

Many people have lost out on their tax-free allowance by not following the correct procedure so make sure you follow the procedure explained below.

How do I Transfer my ISA?

ISA transfers used to take longer than was practical, this left people wondering if it was worth it and not taking advantage of better deals which may have been on offer. However, 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, your new ISA provider will be in touch to confirm this.

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?

Not necessarily but it is possible, depending on your provider. 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.

What to Consider when Choosing an ISA

When choosing an ISA, there are a number of things to consider. We’ve highlighted some of the most important factors below:

Timescale of investment - If you need access to your capital and you are not looking to invest for the long term you should consider a Cash ISA. However, if you are happy to tie up capital for the medium to longer term you may wish to consider a Stocks and Shares ISA which has the potential to provide better returns then a Cash ISA over the longer term

Attitude to investment risk - If you are not prepared to lose capital then a Cash ISA is probably the better option for you. It good to remember that, over the long term, inflation can erode your capital in real terms so getting a good rate of interest on your cash ISA should be a priority. If you are prepared to risk capital to achieve higher potential returns then a stocks and shares ISA may be the best option for you.

Charges - Different ISA plans will have different charges. It is important that you are aware of what these are and how they could affect your ISA performance. Also be aware that some accounts apply account closure charges if you try to switch before the agreed amount of time.

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.

High Income ISAs

High income ISA ideas:

ISAs Products

Cash ISAs

Fixed Rate & Instant Access ISAs:

Cash ISAs: 

Stocks & Shares ISAs

Types of Stocks and Shares ISA include: 

Stocks and Shares ISAs

Latest News

How inflation is impacting your savings and why you cannot afford to sit on your hands when it comes to your cash

11th December 2017

Last month, the Bank of England raised their base rate for the first time in more than ten years, and by doing so opened the door to increased monthly costs for many homeowners. What’s more, at the time of writing inflation continues to sit at a five year high of 3%, which means that the cost of living has more than trebled in the last 12 months.

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