Transferring an ISA can be a lot easier than you think.
Important information: Individual Savings Accounts (ISAs)
As with all investments, your capital is at risk. The value of your investments and the income from them may fall or rise. Past performance is not a guide to future returns. Eligibility and ISA rules apply. Tax treatment depends on an individual’s circumstances and can change. This content is for information only and does not constitute advice.
Mattioli Woods Limited is authorised and regulated by the Financial Conduct Authority.
At Mattioli Woods, we only ever want your peace of mind, so having a full review of not only your current ISA(s) with your consultant but also a full review of your portfolio is highly recommended.
During this review, your consultant will discuss the pros and cons of transferring your ISA over to Mattioli Woods. If this is the right move for you, you will receive a formal recommendation detailing the rationale for the switch.
If your ISA is better where it currently is, your consultant will recommend you stay where you are.
Once you’ve had time to digest the report, your client relationship manager will request the ISA transfer from your existing provider.
Capital at risk. ISA rules apply.
A Mattioli Woods ISA provides you with access to a broad range of investment solutions that aren’t available on the wider market. You will also have access to expert advice from one of our advisers, who will work to ensure that your ISA investments remain suitable for you, in line with your wider wealth management strategy and objectives.
Capital at risk. ISA rules apply.
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This could be as a cash ISA or stocks & shares ISA, or a blend of the two! Capital at risk.
SPEAK TO AN ADVISER
Most likely, yes, although in some instances this will not be the case. For example, funds within a Lifetime ISA (LISA) cannot be transferred to a stocks & shares ISA. Our financial advisers will be able to advise as to whether a transfer is possible.
Yes, some providers will allow you to hold individual company shares within a stocks & shares ISA; however, this may not be suitable for all individuals. Your consultant will be able to advise on whether this is an appropriate solution.
You can pay up to £20,000 (per individual) into an ISA in the current tax year. This can be split across different types of ISAs, such as cash, stocks and shares, LISA or an innovative finance ISA. From the 2024/25 tax year, you can open more than one of the same types of ISA in the same tax year as long as the £20,000 limit is not breached across all plans.
While there is no cost for the transfer itself, an initial fee may be charged on reinvestment of your ISA funds. This will be disclosed by your consultant beforehand.
