Before you apply
Are you already registered with Retiready?
- You must be at least 18 years old.
- The maximum amount you can pay into all ISAs is £20,000 for the current tax year.
- The value of a stocks and shares ISA can fall as well as rise, isnt guaranteed and you may get back less than you invest.
- Although the investment has no fixed term, you should be prepared to hold the investment for at least five years, ideally longer.
- Inflation may impact the purchasing power of your ISA unless investment performance meets or exceeds the rate of inflation.
- You should be comfortable with the investment decisions you make. If you're not sure, you should get financial advice. There may be a charge for this.
What can I transfer?
- Cash ISAs
- Stocks and Shares ISAs
- Innovative Finance ISAs
- Lifetime ISAs (there may be a 25% withdrawal charge)
Things to think about before you transfer
- Don't just withdraw your money from an existing ISA, use the transfer process, or you'll lose your tax benefits.
- Check whether your current provider will charge a fee, or any penalties for transferring your ISA.
- Any ISA transfer will be made in cash. During a transfer your ISA is not invested, so you won't make any investment losses or gains. This may not work in your favour.
- An ISA transfer doesn't count as a new ISA subscription, so if you're transferring ISAs from previous tax years, this has no impact on your ISA allowance for the current tax year.
- The ISA annual allowance for the current tax year is £20,000. You can choose to use your whole ISA allowance for your Aegon Stocks and Shares ISA, or you can split your ISA allowance across different types of ISA in accordance with the regulations. You mustn't contribute more than £20,000 across any permitted combination of ISAs in the same tax year and it's your responsibility to make sure that you don't exceed the annual ISA allowance. We don't currently offer lifetime, cash or innovative finance ISAs.
- The Retiready ISA is not a 'flexible ISA'. That means any money you take out of it can't be paid back in unless it counts as a new payment, which will be subject to the annual paying-in limits.
- As with any investment, there's no certainty your Retiready ISA will perform better than your existing one.
This list is not exhaustive. This information is to help you make your own assessment and to decide if buying a Retiready ISA is the right option for you. Remember nothing on the Retiready site should be taken as advice, so if you're not sure what's best for you, you should get financial advice - there may be a charge for this.
How to transfer into a Retiready Stocks and Shares ISA
- Complete the online application.
- To make it easy for you, we'll contact your existing provider for you and only get in touch with you if we need any other information
- We'll send you confirmation when your existing provider makes the transfer and we've invested it.The transfer process normally takes up to 4 weeks. It can be a bit longer dependent upon the type of assets you're invested in, the timescales of your current provider and if you're required to complete paperwork
During the application you'll need:
- National Insurance number
- Bank account details
- Name of current provider and the account number of the ISA you want to transfer in
- The amount you want to transfer
- The type of ISA that you want to transfer