Isa Transfers

An ISA is a tax free savings account which often has an
investment element whereby those with ISAs can invest up to
£7000 a year in stocks and shares tax free
Transferring your ISA can enable you to get a better rate of
return on your investment by allowing you to invest in different
ISA funds The ISA transfer process is completely free of charge
but your existing fund manager might charge you an exit fee if
you decide to transfer your ISA
This article provides an overview of the ISA transfer process to
help you decide whether or not to transfer your ISA
What is the Length of the ISA Transfer Process
The process of transferring an ISA usually takes about 4-6
weeks
Do I Have to Transfer All My ISA Funds or Can I Keep Some of
My Existing Funds
If you have a current year ISA then you have to transfer all of
your ISA funds With other accounts, you can opt to transfer
some funds and leave the others behind
Can I Make Contributions to My ISA Whilst it is Being
Transferred
It’s best to make one-off contributions either before you send
in your ISA transfer form or after the transfer process has been
completed
Do My Funds Stay in an ISA While I am Transferring Them
Yes
Will I be Liable For Capital Gains Tax if I Transfer My
ISA
No
How will an ISA Transfer Affect My Monthly Savings Plan
Once you have received the letter confirming that the ISA
transfer process has been completed, you can set up a new
monthly savings plan with the company you have transferred your
ISA to
What will Happen to Any Cash in My Previous Account When I
Transfer My ISA
Your previous investment company will send the cash to your new
ISA investment company after the ISA transfer has been
completed

Tags | account, capital, funds, gains, savings, shares, tax, transfer