Gold vs US Dollar

Register for streaming realtime charts, analysis tools, and prices.

Get Started

If your page isn't loading correctly please Click here

Basic ADVFN Video Help

Introduction to ISA

15. How do i make investments and transfers?

15. How do i make investments and transfers?

Having decided to take out an ISA, don’t leave until the last minute to set it up. Mistakes or omissions on the setting-up forms can mean the documents must be returned to you for alterations. Postal and other delays can rob you of your annual entitlement as all the paperwork and the payment must be in the plan manager’s hands and checked on or before 5 April.

If you feel you want to transfer a current ISA (or PEP, or both) from the existing plan manager to a new one, then the current manager cannot stop you. However they may be entitled to make a charge for the work involved or insist that the ISA is converted into cash (ie the underlying investments sold) and the ISA transferred to the new manager in the form of cash. The details will be set out in the terms and conditions under which you set up the current ISA.

To make a transfer, obtain transfer forms from the new manager who will contact your current manager and make the arrangements. It is courteous and helpful to achieving a smooth transfer if you inform your current plan manager of your action in advance.

Transfers do not affect your annual ISA entitlements.

You cannot make any changes to individual components of your ISA when transferring. A cash-only ISA, for instance, cannot be transferred into a stocks-and-shares ISA.

Principal Financial

Delayed Upgrade Clock

Support: +44 (0) 203 8794 460 | support@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions