Transfer Your Funds
Transfer your investments to Interactive Investor then start to track and manage them all from one place
- What is a transfer?
- How much can I transfer?
- Why transfer your investments to Interactive Investor?
- What is the difference between transferring investments as cash or units?
- Can I transfer in Cash ISAs?
Follow our Step by Step guide to Transfer your ISA
What is a transfer?
A transfer is when you change the administrator of your investments to a different plan manager. Your allowance for the current tax year will not be affected neither will your tax benefits by changing managers.
How do I transfer funds or shares?
Step 1
Login into your account
Step 2
Go to the Manage My Account option in the Nav
Step 3
Now select the Transfer To Us button
Step 4
You can then choose to transfer from another broker or fund Manager
How much can I transfer?
The minimum limit per transfer application is £20, there is no maximum amount.
Why transfer your investment to Interactive Investor?
- Manage all your investments from one place
- Get up-to-the-minute valuations of all your investments
- Switch into new sectors and shares or funds when ever you choose
- Change your investments without losing tax benefits
- Reduce your paper work
Managing your investments in one place gives you greater access to your assests, so keeping track of them is quicker and easier-to-manage.
What is the difference between transferring investments as cash or units?
Transferring investments as cash
The cash transfer method is when your current provider sells your investment, the cash from the sale is transferred to Interactive Investor. Once the transfer is complete you can have the choice to reinvest in the same investment or to reinvest in a different share or fund. You will need to pay an initial charge when you purchase your new investment. The typical initial charge is 1% at Interactive Investor and is only £10 for a real-time UK trade.
Transferring investments as stock / units
The unit transfer method (also known as Inspecie), is when the name of the nominee account manager is changed from your current providers name and re-registered as Interactive Investor.
Can I transfer in Cash ISAs?
You can transfer in Cash ISAs by following the same process above. The transfer of Cash ISAs will usually complete in 2-3 weeks. Please note that whilst you can transfer Cash ISAs into an Investment ISA, the ISA regulations do not allow you to transfer back.
Example
Over the years Gill has bought two ISAs and holds an old PEP - which has become an ISA; all from different providers, all with different charging structures. She receives three different statements and is finding it difficult to keep track of her investments in addition to the extra cost of paying ISA administration fees.
Solution
If Gill transfers her ISAs to Interactive Investor she can consolidate her investments while keeping her tax benefits and can take advantage of Interactive Investor's low charges. By transferring her investments, Gill will have the option to select new investments if she is unhappy with her current choices. Once she transfer has been completed Gill can find daily valuations and online statements from Interactive Investor's portfolio service. To transfer to Interactive Investor Gill just has login to her ISA account, go to the Manage My Account option, select Transfer To Us and follow the online instructions - we will take care of the rest.
