Transferring your ISA to a better provider is easy — but do it wrong and you'll lose the tax-free wrapper permanently. Building on our ISA types guide.
Why Transfer?
Cash ISA rates drop on older accounts. S&S ISA fees vary. You might want to consolidate or switch ISA types as goals change.
How Transfers Work
Follow these steps.
- Choose new provider and open an account
- Complete a transfer request with the NEW provider
- New provider contacts old provider to arrange transfer
- Cash ISA transfers: within 15 working days
- S&S ISA transfers: up to 30 working days
- NEVER withdraw and redeposit yourself — you'll lose tax-free status on previous years' contributions
Types of Transfer
You can transfer between different ISA types. Cash to S&S, S&S to Cash, LISA to LISA. Partial transfers available for previous years' contributions.
Things to Watch
Check for exit fees on fixed-rate ISAs. Some S&S providers charge transfer-out fees (£25-100). Don't initiate transfers close to 5 April.
Frequently Asked Questions
Does transferring affect this year's allowance?
No — previous years' transfers don't use current year allowance. Only new contributions count.
Can I transfer part of my ISA?
Current year: must transfer in full. Previous years: usually partial transfers allowed.
How often can I transfer?
As often as you like. No limits, though fixed-rate exit fees may apply.
- ISA transfer
- ISA switching
- ISA rates
- tax-free savings
- UK ISA