Home >

Transfer an ISA

Stocks & Shares ISA

Transfer an ISA

With our low fees, your money could be working much harder in our ISA.

To transfer, open a new ISA with us and then log in to your online account to start the transfer.

transfer an ISA   open an ISA

How to transfer

It's quick and easy to get your ISA transfer started.

1

Open an ISA

If you don't already have an account with ii, then you can open an ISA to start your transfer. It only takes a few minutes to complete.

2

Start your transfer online

From your online account, click the 'cash & transfers' menu and select 'transfer in'. 

start transfer

3

We'll take it from there

We’ll work with your current provider(s) and provide you with regular progress updates.

Why transfer an ISA to ii?

✔  Low, flat fees – while your investments grow, our fees don’t. That means you could save £30,000 over 30 years with us.*

✔  The widest choice of investments – choose from over 40,000 UK and international investment options.

✔  We give you a free trade every month. Regular investing is also free.

✔  Expert knowledge – our award-winning experts provide tips and insights to help you become a better investor.

No SIPP fee for 6 months

Now even better value with up to £200 of special offers:

No SIPP fee for 6 months

Transfer an ISA (or ISAs) worth £20,000 or more and we’ll give you £100. Terms apply.

No SIPP fee for 6 months

Join today and get £100 of free trades to help you get started. New customers only. Terms apply.

What is an ISA transfer?

You can move an ISA from one provider to another. You may want to do this if:

  • You are paying too much in fees elsewhere 
  • You have other investments with ii – it’s free to add an ISA to your account

It’s easy to transfer your ISA to ii - just open a new ISA, and log in to start the transfer process.

get started

Excellent transfer experience which all happened quickly with minimal fuss, and no need to contact customer services for support…

5 stars from TrustpilotBy Mr David Gooch

Trustpilot

We help hundreds of customers every week with their transfers and we have improved our processes over the years to make it easier for you.

Ravi Grewal, Head of Transfers, interactive investor

Stocks & shares ISA transfer rules 

-

What types of ISA can I transfer?

You can transfer a cash ISA or an existing stocks & shares ISA to us.

Make sure you do this using our online ISA transfer process – if you choose to withdraw and transfer the cash yourself, you may lose the tax benefits. 

-

How can I transfer a cash ISA to stocks and shares ISA?

Simply follow these steps:

  1. Open a new ISA with us
  2. Log in to your online account and start your transfer online
  3. We’ll take it from there – providing regular updates along the way

-

How to transfer an existing stocks & shares ISA

To switch your stocks & shares ISA to us:

  1. Open a new ISA with us
  2. Start the online transfer process by logging in to your account
  3. We’ll keep you updated on progress with your transfer

-

Transferring shares into a stocks & shares ISA

You can transfer existing shares directly into an ISA. The process is known as Bed and ISA.

If you have an existing trading account with us, the process is very simple: 

  1. Log in and click ‘Cash & transfers’ followed by ‘Bed and ISA’
  2. Select your accounts and complete the form
  3. We’ll take care of transferring your investments

Find out more about Bed & ISA

-

What transfer costs should I be aware of?

It’s free to transfer an ISA to interactive investor. 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 £9.99 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. 

-

Can I transfer part of my ISA?

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

However, you can transfer part 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 subscribe to one Stocks and Shares ISA in the same tax year.

-

How does a transfer affect my ISA allowance?

Your ISA allowance won’t be affected. You can pay £20,000 into a stocks & shares ISA each tax year, even if you’ve already made contributions with another provider.  

For example, if you have paid £15,000 into this year’s ISA with your previous provider, you can top up an extra £5,000.

-

How long does the ISA transfer take?

Usually, the transfer takes up to 4 weeks for cash transfers and 6 weeks for stock transfers. 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.

Your transfer may also be delayed if you choose to alter your investments during the transfer.

Important information: Once your transfer has been initiated you will be "out of the market" and unable to sell existing investments or invest any cash balance until received into your new account. This may work either to your advantage or disadvantage. The value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure about the suitability of a particular investment or whether transferring your assets is the right course of action you should speak to suitably qualified financial adviser.

* Independent research by The Lang Cat: To see how investing with our Fair Flat Fees over 30 years in an ISA compares with other providers, The Lang Cat used: • The average ISA balance and typical top-up amounts, according to figures from HMRC; • Investment trades: 7 per year; •  A 50:50 split between shares and funds; • A 5% annual return in the portfolio.

ISA cashback offer terms and conditions

  1. Subject to these offer terms, you will be entitled to receive a £100 cashback payment (the "Offer") from Interactive Investor Services Limited ("ii", "us", "we" or "our") if you submit one or more Qualifying Transfers to us and the Qualifying Criteria are met (each as defined below).
  2. The Offer only applies to transfer requests of an ISA from another ISA provider into a new or existing ii ISA received between 1 October 2020 and 30 November 2020 inclusive (each a "Qualifying Transfer"). For the avoidance of doubt, the Offer does not apply to cash subscriptions, investments already held in an ii account, to transfers of investments between existing accounts, to transfers into any ii SIPP, Junior ISA, Trading Account and/or Pension Trading Account and/or to transfers of investments from any other company within our group of companies (e.g. The Share Centre Limited).
  3. Cashback is only payable to you if you complete Qualifying Transfers with an aggregate value of at least £20,000 (the "Qualifying Criteria"). If the Qualifying Criteria are met, a single cashback payment of £100 will be made to you in accordance with clause 6.  We reserve the right to determine in our absolute discretion the valuation of each Qualifying Transfer. Non-cash assets will generally be valued on the date we process the existing provider’s valuation, using the closing price of the shares or units on the previous working day. 
  4. You must be over 18 and a UK resident to be eligible for the Offer.
  5. You must be living at a UK residential address at the time of submitting and completing your Qualifying Transfer(s).
  6. We will only pay cashback into a Trading Account that is linked to your ii ISA. The £100 cashback payment will be credited to your Trading Account by the later of: (i) the date falling 30 days after the date on which the Qualifying Criteria are met and (ii) the date falling 30 days after the date on which you open a Trading Account. Cashback sums will not be paid by any other means.
  7. You are only entitled to a maximum of one cashback payment in connection with the Offer. 
  8. The Offer is not intended to be taken as advice or any personal recommendation to transfer any investment(s) from your existing provider. If you are unsure whether transferring is right for you, you should take independent financial advice.
  9. The Offer is funded by ii. Any cashback you are eligible for will not be drawn from your investments.
  10. Anyone who is seen to be abusing the Offer may be excluded at ii’s absolute discretion.
  11. ii reserves the right to amend or withdraw these terms at any time without notice.
  12. Your ongoing entitlement to any cashback received is subject to you keeping your ii ISA open for a minimum of 12 months from the date on which the Qualifying Criteria are met (the "Minimum Term"). We reserve the right to reclaim, and you agree to repay, any cashback amount paid if your ii ISA is closed or transferred prior to the expiry of the Minimum Term. Please note that the relevant ii Terms of Service and ISA Terms will apply to any such transfer or withdrawal and fees as shown in our Rates & Charges may apply.
  13. The Offer cannot be used in conjunction with any other transfer offer.
  14. These offer terms are governed by English law.
  15. These terms must be read in conjunction with the relevant ii Terms of Service and ISA Terms. In the event of any conflict between these terms and the relevant ii Terms of Service and ISA Terms, these offer terms shall prevail.
  16. Interactive Investor Services Limited is the promoter of this Offer. Its registered office is at Exchange Court, Duncombe Street, Leeds, LS1 4AX.

back

Trading credits offer terms and conditions (November 2020)

  1. Subject to these terms and conditions, new customers of Interactive Investor Services Limited (“ii”, “us”, “we” or “our”) will be entitled to receive £100 of trading credits (the “Offer”). 
  2. To be eligible for the Offer you must open an ii SIPP, Trading Account and/or Stocks and Shares ISA with us between 31 October  2020 and 30 November 2020 inclusive.
  3. You must not be an existing customer of ii.
  4. You must be over 18 and a UK resident.
  5. Provided you meet the eligibility criteria set out in these terms, £100 of trading credits will be applied to your account within five (5) working days of your account being opened.
  6. There is no minimum deposit required.
  7. The £100 of trading credits will be available for use until midnight on 29 January 2021 (the “expiry date”). Any unused trading credit at this time will expire.
  8. There is no alternative to the Offer.
  9. Trading credits can be used to offset commission for all real time trades; to buy or sell shares, funds, bonds, gilts, ETFs and for automated trades such as dividend reinvestments. Trading credits cannot be used to offset the additional charges for extended settlement or telephone trades.
  10. For the avoidance of any doubt, any orders placed before the expiry date will not be eligible for trading credits if they are executed after the expiry date. Please bear in mind that fund orders are generally executed a few days after you submit your order.
  11. All other rates and charges are not subject to this Offer and shall continue to apply notwithstanding. You will be charged for all open accounts in accordance with our standard rates and charges. Any trading credits you receive pursuant to this Offer will be in addition to any trading credits you receive pursuant to your ii service plan.
  12. By participating in the Offer you agree that ii will not be liable for any costs, expenses, loss or damage sustained or incurred with regards to the offer.
  13. We reserve the right to alter, withdraw or amend this Offer and/or these terms and conditions at any time without prior notice.
  14. All participants to this Offer agree to be bound by these terms and conditions.
  15. These terms must be read in conjunction with the relevant ii Terms of Service, ISA Terms and ii SIPP Terms where applicable. In the event of any conflict between these terms and the relevant ii Terms of Service, ISA Terms and ii SIPP Terms, these offer terms shall prevail.
  16. These offer terms are governed by English law.
  17. Interactive Investor Services Limited is the promoter of this Offer. Its registered office is at Exchange Court, Duncombe Street, Leeds, LS1 4AX.

back