How to Transfer an ISA (and JISA): A Simple Step-by-Step Guide

If you already have an ISA, you are not stuck with it.

You can move it to a new provider at any time. This is called an ISA transfer.

People often transfer ISAs to:

• reduce fees
• improve investment options
• get better service
• bring multiple accounts together

The key thing to understand is this: you must transfer an ISA properly, or you could lose its tax benefits.

What is an ISA transfer?

An ISA transfer is when you move your ISA from one provider to another without losing the tax-free status.

That means:

• your money stays inside the ISA "wrapper"
• you keep your tax-free growth
• it does NOT use up your annual ISA allowance

You can transfer:

• all of your ISA
• part of your ISA (in some cases)
• cash or investments (depending on the provider)

The golden rule: never withdraw the money yourself

This is the most important rule.

Do not take the money out of your ISA and try to move it yourself.

If you do:

• the money loses its tax-free status
• it may count again towards your ISA allowance
• you could lose part of your allowance permanently

Instead, always use the official ISA transfer process.

How to transfer an ISA (step by step)

The process is usually simple.

Step 1: Choose your new provider

Decide where you want to move your ISA. This might be another Stocks and Shares ISA, a Cash ISA, or a different platform with lower costs or better features.

Step 2: Open the new ISA

You will usually need to open a new ISA with your chosen provider. This can often be done online.

Step 3: Complete a transfer form

Your new provider will ask you to fill in an ISA transfer form. This gives them permission to contact your existing provider and move your ISA across. Alternatively they might incorporate a "transfer in" form with your application data that acts as authority to initiate a transfer.

Step 4: The providers handle the rest

Once submitted:

• your new provider contacts your old provider
• your money or investments are transferred
• your ISA remains tax-free throughout

Step 5: Your ISA arrives in the new account

Once complete, your ISA appears in your new account and you can continue investing or holding cash as normal.

How long does an ISA transfer take?

Typical timelines are:

• Cash ISA → Cash ISA: around 15 working days
• Stocks & Shares ISA: up to 30 calendar days

Some transfers may take longer, especially if investments need to be sold and moved as cash, paperwork is required, or the old provider is slow.

Can you transfer part of an ISA?

Yes, but there are rules.

• Current tax year contributions: You usually need to transfer the full amount
• Previous years' ISA money: You can often transfer some or all

This gives flexibility if you want to test a new provider, split your investments, or keep part where it is.

Can you transfer between ISA types?

In many cases, yes. For example:

• Cash ISA → Stocks & Shares ISA
• Stocks & Shares ISA → Cash ISA

Always check that your new provider accepts transfers and whether any restrictions or fees apply.

What about fees or penalties?

Some providers may charge exit or transfer fees, dealing charges if investments are sold, or penalties for fixed-term products. Always check before transferring.

What is a Junior ISA (JISA) transfer?

A Junior ISA (JISA) works in a similar way, but it is held for a child. You can still transfer it between providers.

How to transfer a JISA

The process is almost identical:

1. Choose a new provider
2. Open a new JISA
3. Complete a transfer form
4. The providers handle the transfer

A JISA can be transferred in cash, as investments, or a mix of both.

Key rules for JISA transfers

• The transfer must be done by the registered contact (usually a parent or guardian)
• The money remains tax-free
• You cannot withdraw the funds (they belong to the child until age 18)
• You cannot transfer it to another person

Common mistakes to avoid

Taking the money out yourself

This is the biggest mistake. Always use the transfer process.

Not checking fees

Some ISAs have exit charges or penalties.

Not checking what can be transferred

Not all providers accept in-specie transfers (moving investments without selling) or certain funds or assets.

Rushing the process

Transfers take time. Selling investments too early or making changes mid-transfer can cause delays.

Why people transfer ISAs

People often transfer ISAs to:

• reduce platform or fund fees
• access a wider range of investments
• improve user experience or service
• consolidate multiple accounts into one
• move to a more modern, flexible platform

Final thoughts

Transferring an ISA or JISA is usually straightforward, but it must be done correctly.

The key points to remember are:

• always use the official transfer process
• never withdraw the money yourself
• check fees and timelines
• understand what is being moved

Done properly, an ISA transfer allows you to keep all your tax benefits while improving how your money is managed.

FAQ

Can I transfer an ISA at any time?

Yes, you can transfer your ISA whenever you like.

Does transferring an ISA affect my allowance?

No. Transfers do not count towards your annual ISA allowance.

Can I transfer part of my ISA?

Yes, but only for money from previous tax years. Current year contributions usually need to be transferred in full.

How long does a transfer take?

Typically 15 days for cash ISAs and up to 30 days for investment ISAs.

Can I transfer a Junior ISA?

Yes, JISAs can be transferred between providers using the same process.

Can I move my ISA to someone else?

No. ISAs cannot be transferred to another person.

Will my investments be sold during the transfer?

Sometimes. It depends on whether your new provider supports transferring investments directly.