How do I transfer an existing ISA to Retiready?
Updated 25 March 2019
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 (2019/20) between the ISAs you choose. However, you can open ISAs with different providers each tax year if you wish.
Important things to consider
A transfer for consolidation purposes could be from one capital at risk stocks and shares ISA to another – so the value of your investments after any consolidation can still fall as well as rise and you may get back less than you invest.
Alternatively, the transfer could be from a cash ISA to our stocks and shares ISA. In this scenario you need to be aware that you’re transferring between two very different products.
Unlike money held on deposit as it is in a cash ISA, your money in a stocks and shares ISA is at risk; its value could fall as well as rise and you could get back less than you put in – so although our stocks and shares ISA has no fixed term, you should be prepared to hold your investment for at least five years – ideally longer.
Any new funds you move your money into will have their own set of risks that will be detailed in the fund information that will be available to you.