Decide if you want to transfer your Isa as stock or cash.You can follow these steps to ensure your transfer goes through as quickly and efficiently as possible: We surveyed more than 6,000 investors and analysed the charges of 21 providers to find the best investment platforms. Which? Money has found that parts of the investment industry are coming up short when it comes to efficiency and swift transfer processes - we've even found some examples of transfers taking more than 10 weeks to complete.Īccording to the Financial Ombudsman Service, it shouldn't take more than 30 working days to move to another provider.īut your choice of Isa provider can make a real difference to your returns, with charges and investment choice just two factors to consider when making sure you are using the right one for you. How do I transfer my Isa to another provider? Find out more: what is a stocks and shares Isa?.The Isa status of your cash remains in place throughout the process, but your money will be out of the market, meaning that if the value of your investments go up, you could miss out on some of the gains. ![]() If you're happy with your investments, this type of transfer makes sense, although it is likely to take longer, typically four to six weeks, and you might have to pay exit fees to your existing provider.Īlternatively, with a cash transfer, your investments are sold and the proceeds passed to your new provider. There are two ways you can transfer your stocks and shares Isa from one provider to another: an 'in specie' transfer or a cash transfer.įor an 'in specie' transfer, all the investments you hold in your stocks and shares Isa are transported to your new provider - you stay invested throughout the process. Your data will be processed in accordance with our Privacy policy Do I need to sell my investments to transfer an Isa? This newsletter delivers free money-related content, along with other information about Which? Group products and services.
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