Transfer an ISA

Usually, the transfer takes up to 4 weeks for cash transfers and 6 weeks when transferring investments. It may take longer if there are delays from your current provider.

As a member of TISA Exchange Limited (TEX), we are able to transfer investments between providers electronically. If your existing provider is not a member, we will need you to send us a transfer form, which can take longer.

If you want to trade while your transfer is in progress, most providers will be able to facilitate this as long as your investments aren’t in the process of being re-registered. 

You should contact your current provider to place your trade(s). Don’t forget to keep both them and us updated on the changes to the investments in your account. We can’t be held liable for any missed opportunity if you choose not to trade while your transfer is in flight.

You can transfer a Cash ISA or a Stocks & Shares ISA to us.

You can also transfer a Lifetime ISA. However, you will have to pay a 25% government withdrawal charge.

Make sure you transfer using our online ISA transfer process – either during account opening, or by logging in to your online account.

If you choose to withdraw and transfer the cash yourself, you will use up additional ISA allowance – the online transfer process ensures this doesn’t happen.

If you are transferring this year’s ISA, you must transfer all of it.

However, you can transfer part or all of a previous year’s ISA savings into your new ISA. 

When using the online transfer form, you must select ‘Previous Years Only’ transfer. You can only invest in one Stocks and Shares ISA in a tax year.

Your ISA allowance won’t be affected when you transfer, as long as you use our online transfer process. 

For example, if you have paid £15,000 into this year’s ISA with your previous provider, you can invest the remaining £5,000 after transferring. 

It’s free to transfer an ISA to interactive investor. However, your existing provider may charge an exit fee when you leave, so check this before you start. 

Even if you do pay an exit fee, our low monthly fee of £11.99 could still leave you considerably better off in the long run. That’s because our fee doesn’t grow with your investments – unlike providers who charge a percentage of your ISA value.

In most cases, you will be able to transfer all your investments to us. We offer one of the widest choice of investments in the market – over 40,000 UK and international investment options. 

However, it is possible that your investments are not available on our platform. If so, you can either:

• Sell these investments and transfer as cash.
• Convert your assets to another class (if possible).
• Leave these investments with your existing provider.

You can search for available investments on the following pages: 

• Shares
• Funds
• Investment trusts
• ETFs

We aim to accept customer transfers from all major ISA providers. The table below shows the top 10 providers whose customers chose to transfer to ii in Q3 2021.