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Switching share ISAs

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It should be fairly straight forward to transfer your shares ISA, but you’ve got to follow the rules to ensure your tax-free wrapper remains… (Updated 7/8/09)

Compare Share ISAs

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You can transfer your stocks and shares ISA to another ISA manager whenever you want.

However, in order to continue benefiting from the tax breaks on the cash it is essential that the money is transferred rather than withdrawn and reinvested. You cannot transfer your ISA by closing it and opening a new ISA with the new ISA manager.

You should ask your new ISA manager to arrange the transfer.

Your existing ISA manager cannot stop you transferring, but depending on the terms and conditions you have agreed to, you may be required to pay a charge or sell any existing ISA investments and transfer cash.

What can I transfer?

Investments within a stocks and shares ISAs can only be transferred to another stocks and shares ISA. Money within a cash ISA can be transferred to another cash ISA OR to a stocks and shares ISA.

How much can I transfer?

If you want to transfer the money you have invested in your ISA in the current tax year, you must transfer all of it.

For money invested in previous years, you can generally choose whether to transfer all or some of it, however some ISA managers will require you to transfer it all.

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