How do I transfer an existing ISA to Retiready?
Updated 22 March 2018
You can do this online:
- in the shop section of the website if you don’t have a Retiready ISA
- in the ISA savings section if you already have a Retiready ISA
When you’ve completed your ISA transfer details online, you’ll also have to fill in an ISA transfer authority form
Remember, you can only have one Stocks and Shares ISA and one Cash ISA per tax year to the total value of £20,000 between the ISAs you choose. However, you can open ISAs with different providers each tax year if you wish.
Important things to consider
You should be comfortable with the investment choices that you make as you may lose features, protections, guarantees or other benefits when you transfer. If you’re not sure, you should get financial advice - there may be a charge for this.
The Retiready ISA is a stocks and shares ISA. The value of an investment in the Retiready ISA can fall as well as rise and isn’t guaranteed. You may get back less that you invest.
Although there is no fixed end date, you must be prepared to hold your investment in the Retiready ISA for at least five years, ideally longer.
An investment in a stocks and shares ISA will not provide the same security of capital associated with a cash ISA.