ISA transfers factsheet

Moving money between ISAs

“There are a number of steps to take when undertaking an ISA transfer and key points to watch out for, so this factsheet aims to make these as clear as possible”

The ISA transfer process is in place to allow you to move your money to an alternative account, without losing the tax-free status of the funds.

Closing an ISA ends the tax benefits for the money you held in that ISA but transferring it to another ISA without closing the account is possible and it is the only way to ensure you retain the tax benefits on that ISA money. 

In this factsheet, Savings Champion explains some of the key points to consider when undertaking a transfer and provides some helpful steps to follow to help you make the most of your ISAs.

Related factsheets and articles

This guide is designed to help you cut through the complexities and maximise the benefits of using ISAs to your advantage.

The banking crisis of 2008 brought into focus issues around the safety of holding larger sums of money with banks and building societies and savers started to question exactly what would happen if their provider went out of business.

Our free guide aims to make savings simple by explaining the options available and how they work, to enable you to make an informed  decision about which account is right for you.

Call us on 0800 011 9705 if you have any questions

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Dan Darragh,
Research & Development Manager


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