ISA transfers: The rules and regulations
At Scottish Friendly our ISA transfer application process is easy. With affordable Investment ISAs, we could help you continue on your investment journey.
The current ISA rules allow you to transfer any ISA into another ISA with another ISA provider, whether it's an Investment ISA or a Cash ISA. So if you currently have a Cash ISA you can transfer it to either an Investment ISA with us or an ISA with another provider.
If you choose to move your ISA funds ensure that you go through the ISA provider to transfer. Don't withdraw the funds to reinvest as you will lose all your tax-free benefits.
How do I transfer to Scottish Friendly?
You can transfer your existing ISA to Scottish Friendly's My Choice (ISA). All you need to do is:
- Read all the information relating to the product.
- Read the Key Features Document.
- And then when you're ready to apply complete the application online.
Please note that we only offer Investment ISAs. If you have any questions relating to a product or about transfering your ISA please do not hesitate to contact us.
As with all stock market investments, the value of your investments can fall as well as rise and you could get back less than you have paid in. Tax treatment depends on your individual circumstances and tax law may change in the future.
No advice has been provided by Scottish Friendly. If you are in any doubt as to whether a plan is suitable for you, you should contact a financial adviser for advice. If you do not have a financial adviser, you can get details of local financial advisers by visiting www.unbiased.co.uk. Advisers may charge for providing such advice and should confirm any cost beforehand.