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£40000 ​Investment ISA transfer

Ideas for transferring a £40,000 Stocks & Shares ISA

If you're looking to move your ISA it is important to follow the correct transfer process.

Investment Fund Supermarket ISAs

Stocks & Shares ISA

from Fidelity

ISA Option
Allows ISA Transfers
Regular Savings
  • Protection Scheme: FSCS
  • Fund Choice: Choose from over 4,000 investment options, including one of the widest fund ranges in the UK, plus shares, investment trusts and exchange-traded funds. There’s also expert guidance to help with your investment decisions, which includes a selection of tools and insights from Fidelity’s experts. Capital at risk. Tax and ISA rules apply.
  • Invest From: £25 through regular savings or £1,000 lump sum

Why we like it: Fidelity has lots of investment options, plus an extensive range of guidance tools to help you decide what to invest in. Their award-winning ISA is easy to start and offers great value, their a typical service fee of just 0.35%. Other ongoing charges apply. On top of that, everything is backed by Fidelity’s 50 years of investment experience.

Important: The value of investments can go down as well as up so you may get back less than you invest. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

Tax treatment depends on individual circumstances and all tax rules may change in the future.

Stocks & Shares ISA

from Hargreaves Lansdown

ISA Option
Allows ISA Transfers
Regular Savings
  • Protection Scheme: FSCS
  • Fund Choice: 2,500+ Funds. UK and overseas shares. Corporate and government bonds. Exchange Traded Funds (ETFs). Investment trusts and much more. Capital at risk.Tax & ISA rules apply
  • Invest From: £25 pm

Why we like it: Choose your own funds or alternatively a ready made portfolio. Market-beating savings and discounts of up to 5.5%. No charge to buy and sell funds. Low, tiered annual charges for holding funds, with a maximum of just 0.45% per annum. Free fund updates and analysis from experienced research team. Invest with a financially secure, FTSE 100 company.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

Stocks & Shares ISA

from Interactive Investor

ISA Option
Allows ISA Transfers
Regular Savings
  • Protection Scheme: FSCS
  • Fund Choice: Access 40,000+ UK, US and international shares on 17 global exchanges. Choose from over 3,000 funds or select a ready made portfolio. Investment trusts, ETFs, Bonds & Gilts. Option to invest in 6 low cost funds selected by experts to get you started. Capital at risk. Tax & ISA rules apply
  • Invest From: £25 a month or any lump sum

Why we like it: An award-winning ISA that gives you complete control. The second largest platform in the UK with the widest choice of investment options in the market including funds, investment trusts, ETF’s and more. Strong ethical investment proposition with more than 140 investment options. Open online in less than 10 minutes. Access to expert independent ideas and analysis. Low cost fees and trading.

Important: The value of your investments can rise as well as fall. You may get back less than you invested. If you’re unsure, we recommend you ask for independent advice.

£40,000 Investment ISA Transfer

Whether you’re looking to move to another ISA with the same provider or to a new provider all together there can be advantages to transferring such as to secure a better rate or to consolidate your accounts to try and make it easier to manage your money, It is possible to transfer an investment ISA into another Investment ISA or Cash ISA, or vice versa.

ISA providers are required to allow account holders to transfer to another ISA; however it is important to note that providers do not have to permit transfers in to their products.

Providers can also impose an interest based penalty for transferring out, this means if your current provider would impose a penalty for moving, you should first calculate whether this penalty would negate the potential benefits of moving.

Transferring an Investment ISA

If you want to transfer your ISA, it is important that you follow the process; if you merely withdraw the money you will lose the tax efficient advantages.

To transfer your ISA you need to contact the ISA provider you wish to switch to and fill out an ISA transfer form, once you have sent this off the new provider will contact your current provider and arrange the transfer.

Industry guidelines currently recommend that transferring an investment ISA should take 30 days from start to finish, however as this type of ISA can contain a selection of different investment each of which potentially taking different amounts of time to or close it could take a provider longer than 30 days to prepare the money within the ISA for transfer. 

What to Consider when Choosing an ISA To Transfer To

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.

Recommend Fidelity's Stocks & Shares ISA to a friend and you could be rewarded!

Are you an existing Fidelity ISA customer?

If you refer a friend to Fidelity and they open a new Stocks and Shares ISA online with a lump sum of £5,000 or more, you’ll both receive a £50 Amazon Gift Card as a thank you! 

Sign up today to start referring your friends

- Refer multiple friends

- Receive a £50 Amazon gift card for each friend you refer that meets the criteria*

- Online applications only

Both you and your friends will need to register for the offer. Exclusions apply, please read Fidelity's full offer terms and conditions for details.

*The maximum value of rewards which can be received is £1,500

Important information - the value of investments can go down as well as up, so you may get back less than you invest. Tax treatment depends on individual circumstances and all tax rules may change in the future. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

Important Risk Information:

The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal 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

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