Important information - investment value can go up or down and you could get back less than you invest. If you're in any doubt about the suitability of a Stocks & Shares ISA, you should seek independent financial advice. The tax treatment of this product depends on your individual circumstances and may change in future. If you are uncertain about the tax treatment of the product you should contact HMRC or seek independent tax advice.
What is an ISA transfer?
An ISA transfer allows you to move your ISA from one provider to another without using any of your annual allowance.
It’s a great option if you’re paying too much in fees and want to switch to a Stocks and Shares ISA for the chance of better returns.
Depending on the provider, it should be a straightforward process. It’s easy to transfer an ISA to ii – you can start the transfer when you open a new account or log in and do it at any time.
Get your ISA cashback offer
New customers who open an ISA and start a transfer of, or deposit, £2,000 or more before 29 February 2024 will receive a £100 to £1,500 cashback payment.
Once the transfer is complete and additional terms have been met, we'll pay your cashback into your Trading Account. Once you've opened an ISA, a Trading Account can be added for free.
Simply open an account to get started. Cashback paid after 12 months. Terms apply.
Benefits of transferring to a Stocks and Shares ISA
Keep your investments: Where possible, you keep your investment choices when you transfer.
Consolidate your accounts: Bringing everything under one roof gives you clear oversight of your financial performance.
Find the best deals: Transferring might allow you to take advantage of a better offer, such as a simple flat monthly fee.
A streamlined process: Moving your ISA doesn’t have to be difficult. Let us take care of the heavy lifting.
Take control: Find a platform that works for you. One that lets you take control of your financial future.
How to transfer an ISA to ii
Starting your ISA transfer is quick and easy.
You’ll just need the account details for the ISAs you want to transfer.
Start your transfer
You can do this online while opening your account - or you can log in and transfer at any time.
Leave it to us
We’ll work with your current provider(s) and give you regular updates on your progress.
We offer two different plans for Stocks and Shares ISA. When you open an account you will start on our £4.99 a month Investor Essentials plan. Should your investments grow above £50,000, you will move onto our £11.99 a month Investor plan.
£4.99 per month
Invest up to £50,000 with the basics. Includes:
A Stocks and Shares ISA
A Trading Account
Free regular investing
£11.99 per month
Invest over £50,000 on our most popular plan:
- A Stocks and Shares ISA
- A Trading Account
- As many Junior ISAs as you have children
- A free monthly trade
- Free regular investing
Why choose an ii Stocks and Shares ISA?
- Low, flat fees - these could save you money and help you achieve your goals sooner.
- More opportunities - choose from one of the widest range of investments on the market.
- You're in control - check on your investments any time, anywhere with our secure mobile app.
- We've got your back - our UK-based team is rated 'excellent' on Trustpilot.
- Learn from the best - impartial information from our analysts, including selected funds, ready-made portfolios and our award-winning newsletters.
*We've crunched the numbers: If you invested our ISA, after 30 years you'd be better off by £30k. That's a £1,000 difference a year, just for using us over another platform. Lots of things can affect your final figure. But the lower the fees, the more money you'll keep for yourself. This is just for illustration if all other factors were the same. Don't just take our word for it: check our working out here.
What types of ISAs can I transfer?
You can transfer all types of ISA, including Cash ISAs and Stocks and Shares ISAs.
While you can also technically transfer a Lifetime ISA, you will have to pay a 25% government withdrawal charge.
Just make sure you let us know when you’re transferring an ISA to ii. It means we can ensure your money keeps its tax-efficient status.
If you withdraw and transfer the cash yourself, you'll use up your limited ISA allowance – the online transfer process makes sure this doesn’t happen and you can make the most of your £20,000 allowance.
What are the ISA transfer rules?
The number one rule when transferring an ISA is don’t close your current ISA. If you close your account, you lose the tax-efficient status and it will count towards your annual ISA allowance if you then move it to a different ISA.
Instead, let your new provider know that you are transferring an ISA. This allows you to protect your money and keep your allowance intact.
We’ve designed our transfer process to be as streamlined as possible – with no charges from our end. You can transfer when opening an ii account or at any time by logging in and letting us know.
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ISA transfer FAQs
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 can transfer investments between providers electronically. If your existing provider is not a member, you'll need 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.
Your ISA allowance won’t be affected when you transfer if you use our online process.
So, if you’ve used £15,000 of this year’s allowance with your previous provider, you’ll still have £5,000 to invest after the transfer is complete.
If you removed that money first and closed your previous ISA, then it would count against your allowance, making transferring the more efficient choice.
It’s free to transfer an ISA to ii. 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 charge, our low monthly fee could still leave you considerably better off in the long run.
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.
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:
Yes, you can transfer cash from a Cash ISA to our Stocks and Shares ISA.
You might want to do this if you’re looking for greater returns than a regular Cash ISA. But be aware that this could result in you losing money.
There is no limit to how many ISAs you can transfer in a year.
If you have multiple ISAs with different providers, you can consolidate them all into one ii Stocks and Shares ISA. This could allow you to better manage your investments and give you greater control of your finances.
Learn how to make the most of your Stocks and Shares ISA with our useful guides.