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How to transfer your ISA to a new provider

You are allowed to transfer all or some of the money from your ISA to a new provider, however, there may be penalties if you do so. Before transferring your ISA, make sure you speak to your provider to clarify any unanswered questions.

It’s important to note transferring an ISA is different to withdrawing and depositing into another account. By withdrawing, you may lose your tax-free status and depositing will be subject to the allowance limit. This could also affect your ability to invest in the same type of ISA without incurring a charge by the HMRC.

If you would like to transfer your ISA into a Lendwise IFISA, you can take a look at our transfer page for more information.

For more information about :
What happens if you paid into more than one of the same type of ISA in the same financial tax year

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