ISA Transfer
Transferring your ISAs
If your ISA is not producing the income or growth it once was you should consider making changes. Things to consider include:
- Fund Performance - the fund may have performed well 5 years ago but is it giving you the returns you need now?
- Have your investment objectives changed?
- Can you do better? - there are a lot of good performing funds to choose from.
See below for a selection of investment options that permit ISA transfers.
| FTSE Income Plan - Conditional Income Option |  | 6.50% pa†† | |
| 5 Year Structured Income Plan offering an annual yield of 6.50%. Can be used for ISA transfers & SIPP investment. |
| Barclays Wealth Regular Income Bond | | 6.00% pa† | |
| 6 Year Structured Income Bond with an annual yield of 6.00% or monthly at 0.4875%. Can be used for ISA transfers & SIPP investment. |
| FTSE Income Plan - Fixed Income Option | | 5.80% pa | |
| 5 Year Structured Income Plan offering an annual yield of 5.80%. Can be used for ISA transfers & SIPP investment. |
| Investec 5 Year FTSE 100 Income Deposit Plan | | 4.75% pa†† | |
| 5 year capital protected deposit plan with an annual yield of 4.75% or a monthly yield of 0.38%. |
| The Royal Deposit ISA | | 4.00% pa† | |
| 3 year fixed rate cash ISA that returns 4.00% a year. The plan can be used for cash ISA investment or cash ISA transfer. |
| Invesco Perpetual Monthly Income Plus Fund ISA | | 7.62%** | |
| Popular monthly income fund that aims to achieve a high level of income whilst seeking to maximise total return through investing in high yielding corporate and Government bonds, together with UK equities. 100% discount on initial charges. |
| Schroders Income Maximiser | | See details | |
| The Schroder Income Maximiser Fund ISA aims to deliver a target income yield of 7% pa, also providing potential capital growth. Income is paid quarterly. Available for ISA Transfers. |
| Invesco Perpetual Corporate Bond ISA | | See details | |
| Available for ISA transfers this highly popular fund aims to achieve a high level of overall return with relative security to capital. Income Paid to you twice yearly. Up to a 100% Discount off the Standard Initial Fund Charge when you transfer into this fund. |
| Artemis Income ISA | | See details | |
| One of the leading UK Equity Income Funds. The Fund managers hunt out companies with strong free cash flow and solid balance sheets. Income is paid to you twice yearly. 100% Discount off Standard Initial Fund Charge when you transfer into this fund. |
| Invesco Perpetual High Income Fund ISA | | See details | |
| One of the UK's most popular income fund ISAs the Invesco Perpetual High Income has delivered consistently good long term returns through a variety of market conditions. Income is paid to you twice yearly. Up to a 100% Discount off the Standard Initial Charge when you transfer into this fund. |
| M&G Corporate Bond ISA | | See details | |
| The M&G Corporate Bond Fund is a conservative ‘blue chip’ sterling fund that aims to produce a higher return than UK government bonds. Income is Paid to you Quarterly. 100% Discount off the Standard Initial Fund Charge when you transfer into this fund. |
| Jupiter Merlin Income Portfolio | | See details | |
| The Jupiter Merlin Income Portfolio fund aims to achieve a high and rising income with some potential for capital growth. Income Distributions are made to you quarterly. 95% Discount off the Standard Initial Fund Charge. |
† Guaranteed income payments.
†† Income payments are dependent upon the FTSE 100 Index.
Disclaimer (Please Read)
General risk warnings
- The list of funds/investments provided above should not be seen in any way as being a recommendation. No advice has been given and you should be aware that any investment which takes place will be transacted on a “non-advised sale” basis.
- Full details of the investments will be provided in the documentation/brochure sent to you and it is up to you to ensure that you fully understand the nature of the investment before proceeding. If you are at all unsure of the suitability of the type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
Collective investments
- Collective investments such as unit trusts are designed as medium to long term investments, for example at least five years.
- The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
- Any income yield quoted is correct at the time of going to press. Income yields vary and are only estimates. The actual dividend income that you receive will depend upon the income payable by the underlying assets of the fund and could change, either up or down, at any time. Dividend income from an ISA will, under current legislation, be free of UK income tax. Dividend income paid from a fund not held within an ISA will be subject to income tax, which may or may not be reclaimable depending upon your circumstances and the type of investment. In some cases, there may be additional income tax to pay.
- If you choose a fund which invests overseas, there is the addition of “exchange rate” risk which could reduce any gains or increase losses if the currency moves against you.
- Dividend income paid from a fund not held within an ISA will be subject to income tax, which may or may not be reclaimable depending upon your circumstances and the type of investment. In some cases, there may be additional income tax to pay.
Structured Products
- Structured Products are fixed term investments and are designed so that your capital remains invested for the full term of the plan. Although it may be possible to encash your investment before the end of the term, this could mean that an early encashment charge is applied and you may not get back the full amount of your capital.
- An investment termed as a “capital guaranteed structured product” is one where the return of your capital at maturity is not dependent upon the performance of an index or another financial instrument
- An investment termed as a “capital at risk structured product” is one where the return of your capital at maturity is dependent upon the performance of an index or another financial instrument.
Specific ISA warnings
- The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
- Dividend income from a stocks and shares ISA will, under current legislation, be free of further liability to UK income tax whether this is paid out or automatically reinvested.
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| Barclays 6-Year Defined Returns Plan | | £3,600 | |
| 6 year Capital Protected Structured Investment Plan offering a maximum return of 44%. |
| Investec FTSE 100 3 Year Deposit Plan | | £1,500 | |
| This 3 year capital protected structured investment plan offers a maximum return of 19% at maturity. |
| Investec FTSE 100 Geared Returns Plan | | £1,500 | |
| This 5 year structured investment plan offers a maximum return of 62.5% at maturity. |
| Barclays Defined Returns (Annual Kick-Out 90) Plan | | £3,600 | |
| The 6 year Growth Plan offers an opportunity for attractive pre-defined returns at 7.75% a year. Potential to kick-out after 3 years. |
| Investec Enhanced Kick Out Plan | | £1,500 | |
| 5 year structured investment plan offering a fixed return of 9.25% a year with the potential to kick-out after year one. |
| Barclays Defined Returns (Annual Kick-Out 100) Plan | | £3,600 | |
| The 6 year Growth Plan offers an opportunity for attractive pre-defined returns at 7.75% a year. Potential to kick-out after 2 years. |
| Barclays 5 Year UK Super Tracker | | £3,600 | |
| This 5 year structured investment plan returns 4x any growth in the FTSE 100 index up to a maximum of 64%. |
| | | | |
| This 3 year structured investment plan returns 2x any growth in the FTSE 100 index up to a maximum of 30%. |
| Investec FTSE 100 5 Year Deposit Plan | | £1,500 | |
| This 5 year capital protected structured investment plan offers a maximum return of 40% at maturity. |
| Morgan Stanley FTSE Kick Out Growth Plan | | £3,000 | |
| This 6 year structured investment plan offers the potential to kick out after 3 years with a maximum return of 50%. |
| Barclays UK Accumulator | | £3,600 | |
| 6 year structured investment plan with returns linked to the highest point of the FTSE 100 Index over the term, subject to a maximum return of 60%. |
| Morgan Stanley FTSE Protected Growth Plan | | £3,000 | |
| This 6 year structured investment plan offers a return of up to 20% with the potential to kick out after 3 years. |
| Morgan Stanley FTSE Best Entry Growth Plan | | £3,000 | |
| This 6 year structured investment plan offers 2.85 times any positive growth in the FTSE 100. |
| M&G Recovery Fund | | From £50 Per Month | |
| The principle behind the fund is simple, but has proved highly effective – it focuses on corporate rather than economic recovery. To achieve this, the fund manager, Tom Dobell, scrutinises companies and identifies those he believes can recover regardless of economic conditions. |
| Artemis UK Special Situations Fund | | From £50 Per Month | |
| The Artemis UK Special Situations Fund aims to achieve long-term capital growth by exploiting special situations. |
| Jupiter Ecology ISA | | From £50 Per Month | |
| The objective of the Fund is to achieve long-term capital appreciation together with a growing income consistent with a policy of promoting environmental and social change. |
| Virgin Money Climate Change ISA | | From £500 Per Month | |
| The Virgin Climate Change ISA invests in Companies (mainly in the UK & Europe) who aim to drive profit growth & have a lighter environmental footprint. |
| TD Waterhouse Trading ISA | | N/A | |
| The TD Waterhouse Trading ISA is a self select, stocks and shares ISA, which offers a wide range of investment choices. It puts you in control of your share portfolio and at the same time protects your growth from Income Tax and Capital Gains Tax. |
Disclaimer (Please Read)
General risk warnings
- The list of funds/investments provided above should not be seen in any way as being a recommendation. No advice has been given and you should be aware that any investment which takes place will be transacted on a “non-advised sale” basis.
- Full details of the investments will be provided in the documentation/brochure sent to you and it is up to you to ensure that you fully understand the nature of the investment before proceeding. If you are at all unsure of the suitability of the type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
Collective investments
- Collective investments such as unit trusts are designed as medium to long term investments, for example at least five years.
- The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
- Any income yield quoted is correct at the time of going to press. Income yields vary and are only estimates. The actual dividend income that you receive will depend upon the income payable by the underlying assets of the fund and could change, either up or down, at any time. Dividend income from an ISA will, under current legislation, be free of UK income tax. Dividend income paid from a fund not held within an ISA will be subject to income tax, which may or may not be reclaimable depending upon your circumstances and the type of investment. In some cases, there may be additional income tax to pay.
- If you choose a fund which invests overseas, there is the addition of “exchange rate” risk which could reduce any gains or increase losses if the currency moves against you.
- Dividend income paid from a fund not held within an ISA will be subject to income tax, which may or may not be reclaimable depending upon your circumstances and the type of investment. In some cases, there may be additional income tax to pay.
Structured Products
- Structured Products are fixed term investments and are designed so that your capital remains invested for the full term of the plan. Although it may be possible to encash your investment before the end of the term, this could mean that an early encashment charge is applied and you may not get back the full amount of your capital.
- An investment termed as a “capital guaranteed structured product” is one where the return of your capital at maturity is not dependent upon the performance of an index or another financial instrument
- An investment termed as a “capital at risk structured product” is one where the return of your capital at maturity is dependent upon the performance of an index or another financial instrument.
Specific ISA warnings
- The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
- Dividend income from a stocks and shares ISA will, under current legislation, be free of further liability to UK income tax whether this is paid out or automatically reinvested.
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| Jupiter Ecology Fund | | From £50 Per Month | |
| The objective of the Fund is to achieve long-term capital appreciation together with a growing income consistent with a policy of protecting the environment. |
| Ecclesiastical Amity Sterling Bond | | From £50 Per Month | |
| This income fund with an attractive distribution yield pays income quarterly. Amity Fund Managers actively seek companies contributing to a safer, cleaner world - positive screening - rather than relying solely on negative screening of undesirable companies. |
| Jupiter Enviromental Income Fund | | From £50 Per Month | |
| The Fund aims to provide income and long-term capital growth through investment primarily in UK equities, focusing on good governance companies. |
| Schroders Global Climate Change Fund | | From £50 Per Month | |
| This fund seeks to identify companies that are benefiting from either mitigation of the impact of global climate change or adaptation to changes. Examples of companies that the fund might invest in include renewable energy solutions, such as solar and wind power as well as biofuel. |
| Ecclesiastical Amity International Fund | | From £50 Per Month | |
| The objective of this Fund is to achieve long term capital growth with a reasonable level of income primarily through a diversified portfolio of European equities. This Fund provides the opportunity to invest in European companies with strong socially responsible policies. |
| Virgin Money Climate Change Fund ISA | | From £500 Per Month | |
| ISA Option Only. The Virgin Climate Change ISA invests in Companies (mainly in the UK & Europe) who aim to drive profit growth |
Disclaimer (Please Read)
General risk warnings
- The list of funds/investments provided above should not be seen in any way as being a recommendation. No advice has been given and you should be aware that any investment which takes place will be transacted on a “non-advised sale” basis.
- Full details of the investments will be provided in the documentation/brochure sent to you and it is up to you to ensure that you fully understand the nature of the investment before proceeding. If you are at all unsure of the suitability of the type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
Collective investments
- Collective investments such as unit trusts are designed as medium to long term investments, for example at least five years.
- The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
- Any income yield quoted is correct at the time of going to press. Income yields vary and are only estimates. The actual dividend income that you receive will depend upon the income payable by the underlying assets of the fund and could change, either up or down, at any time. Dividend income from an ISA will, under current legislation, be free of UK income tax. Dividend income paid from a fund not held within an ISA will be subject to income tax, which may or may not be reclaimable depending upon your circumstances and the type of investment. In some cases, there may be additional income tax to pay.
- If you choose a fund which invests overseas, there is the addition of “exchange rate” risk which could reduce any gains or increase losses if the currency moves against you.
- Dividend income paid from a fund not held within an ISA will be subject to income tax, which may or may not be reclaimable depending upon your circumstances and the type of investment. In some cases, there may be additional income tax to pay.
Structured Products
- Structured Products are fixed term investments and are designed so that your capital remains invested for the full term of the plan. Although it may be possible to encash your investment before the end of the term, this could mean that an early encashment charge is applied and you may not get back the full amount of your capital.
- An investment termed as a “capital guaranteed structured product” is one where the return of your capital at maturity is not dependent upon the performance of an index or another financial instrument
- An investment termed as a “capital at risk structured product” is one where the return of your capital at maturity is dependent upon the performance of an index or another financial instrument.
Specific ISA warnings
- The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
- Dividend income from a stocks and shares ISA will, under current legislation, be free of further liability to UK income tax whether this is paid out or automatically reinvested.
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| Investec 5 Year FTSE 100 Income Deposit Plan ISA | 4.75%* | |
| 5 year capital protected deposit plan with an annual yield of 4.75% or a monthly yield of 0.38%. The plan can be used for cash ISA investment or cash ISA transfer. |
| The Royal Deposit ISA | 4.00% | |
| 3 year fixed rate cash ISA that returns 4.00% a year. The plan can be used for cash ISA investment or cash ISA transfer. |
| ING Direct Cash ISA | 2.50% | |
| Rate is guaranteed for 12 months. Start saving from just £1. |
Exisiting customers only | Natwest E Cash ISA | up to 2.50% | |
| minimum deposit £1.00. Open to Natwest current account holders only. |
| Investec FTSE 100 Kick-Out Deposit Plan | Up to 6.75% per year | |
| Structured deposit plan with two options offering returns of up to 6.75% per year. Potential to kick out after 2 or 3 years depending on the option. Available for Cash ISA and Cash ISA transfer. |
| Investec FTSE 100 3 Year Deposit Plan ISA | See Details | |
| This capital protected deposit plan offers a maximum return of 18% at maturity. |
| Investec FTSE 100 5 Year Deposit Plan ISA | Growth return of up to 40% | |
| This 5 year capital protected deposit plan offers a maximum return of 40% at maturity. Available as Cash ISA and Cash ISA transfer. |
| HSBC E Cash ISA | 1.75% | |
| exclusively for HSBC Personal Banking Customers |
Existing customers only | Natwest Cash ISA | up to 2.00% | |
| Minimum deposit £1.00, rates from 0.50% - 2.00% AER. Open to Natwest current account holders only. |
Existing customers only | RBS Instant Access Cash ISA | 0.55% - 2.00% | |
| ISA transfers are eligible for additional bonus interest payments. Tiered interest rates. 2.00% AER applied to deposits of £50K+. Open to RBS current account holders only. |
* Income payments are dependent upon the FTSE 100 Index
Disclaimer (Please Read)
General risk warnings
- The list of funds/investments provided above should not be seen in any way as being a recommendation. No advice has been given and you should be aware that any investment which takes place will be transacted on a “non-advised sale” basis.
- Full details of the investments will be provided in the documentation/brochure sent to you and it is up to you to ensure that you fully understand the nature of the investment before proceeding. If you are at all unsure of the suitability of the type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
Collective investments
- Collective investments such as unit trusts are designed as medium to long term investments, for example at least five years.
- The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
- Any income yield quoted is correct at the time of going to press. Income yields vary and are only estimates. The actual dividend income that you receive will depend upon the income payable by the underlying assets of the fund and could change, either up or down, at any time. Dividend income from an ISA will, under current legislation, be free of UK income tax. Dividend income paid from a fund not held within an ISA will be subject to income tax, which may or may not be reclaimable depending upon your circumstances and the type of investment. In some cases, there may be additional income tax to pay.
- If you choose a fund which invests overseas, there is the addition of “exchange rate” risk which could reduce any gains or increase losses if the currency moves against you.
- Dividend income paid from a fund not held within an ISA will be subject to income tax, which may or may not be reclaimable depending upon your circumstances and the type of investment. In some cases, there may be additional income tax to pay.
Structured Products
- Structured Products are fixed term investments and are designed so that your capital remains invested for the full term of the plan. Although it may be possible to encash your investment before the end of the term, this could mean that an early encashment charge is applied and you may not get back the full amount of your capital.
- An investment termed as a “capital guaranteed structured product” is one where the return of your capital at maturity is not dependent upon the performance of an index or another financial instrument
- An investment termed as a “capital at risk structured product” is one where the return of your capital at maturity is dependent upon the performance of an index or another financial instrument.
Specific ISA warnings
- The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
- Dividend income from a stocks and shares ISA will, under current legislation, be free of further liability to UK income tax whether this is paid out or automatically reinvested.
Hide Disclaimer
If in reviewing your ISA investments you believe you could do better transferring your ISA to a new provider is straightforward. Once you have selected a new home for your ISA investment the new provider will on completion of their ISA transfer application form carry out the transfer on your behalf.
Please note that in making a transfer you will be out of the market while the transfer takes place and you may suffer loss of income or growth as a consequence. You also may be subject to a standard initial charge on investing in the new fund - see our fund discounts page for funds where we have negotiated reduced charges in many cases up to a 100%. In some cases your current provider may charge an exit fee for transferring out.
If you have a low yielding Cash ISA you can move it to another Cash ISA provider offering a better rate (see below) or, you could also transfer it to a Stocks and Shares ISA – which, although carries more risk, has the potential for a much higher return over the longer term.
Although it may incur a transfer fee, you can make an ISA transfer at anytime you like. You can transfer a Cash ISA into another Cash ISA or into a Stocks and Shares ISA, a Stocks and Shares ISA may only be transferred into another Stocks and Shares ISA.
An ISA transfer may consist of:
- Transferring your current year ISA subscriptions and any related income, and/or
- Transferring all or part of previous years' ISA subscriptions and any related income
If your ISA only contains current year subscriptions, you must transfer the entire account to the new provider.
If you decide to transfer a Cash ISA into a Stocks and Shares ISA, the current year's subscriptions will be treated as though they had always been part of a Stocks and Shares ISA, and this means you will be treated for tax purposes as never having subscribed to the Cash ISA.
Therefore, within the overall subscription limit (From 6 April 2010: £10,200 in total for all savers, £5,100 of which can be in cash) you can subscribe to a Cash ISA later in the current tax year.
It is important to read the small print to check terms and conditions before making any decision on ISA transfers, as accounts can vary significantly from provider to provider. If there is any uncertainty about ISA transfer terms with your current product, contact the bank, building society or company that holds the ISA.
You should note that there is no guarantee that you will achieve better returns by transferring your ISA to another ISA manager.
Check out the table above for a selection of the latest ISA deals:
Important Note: ISAs are designed as medium to long term investments of, for example, five years or more. For investment ISAs both capital and income values may fall as well as rise and are not guaranteed and you may not get back all the money you invest. Please note that tax laws can change over time and can affect your investment. If you are in doubt you should speak to a financial adviser.
Fair Investment Company is authorised and regulated by the Financial Services Authority (FSA).