For more information on the financial terms used in this page, please consult the glossary.
Maybe you feel your money could work harder for you? Perhaps our range of funds suits you better or you prefer to have all your investments in one place so they're easier to manage? If you have an ISA, Junior ISA or Child Trust Fund (CTF) with another provider, it’s easy to transfer your investment to M&G.
An ISA transfer allows you to move money you've built up in ISAs over previous tax years to a new provider (or to consolidate into one provider) without losing any of the tax-efficient benefits. You can transfer as many ISAs to another provider as you like, at any time, and choose to move the full balance or just a portion.
If you’re planning to transfer only part of your ISA, you should always check that your current provider allows a partial transfer first.
You can also transfer current tax year ISAs, however this must be the full balance, and you’ll be unable to pay further subscriptions until the transfer is complete.
You can transfer the following investments to M&G:
Before you invest, you should read an up-to-date version of your chosen fund’s ‘Key Documents’: Key Investor Information Document (KIID), Prospectus and, for funds with sustainability characteristics or with a sustainability label, the Consumer-Facing Disclosure (CFD). You should also read the Important Information for Investors document, which includes M&G’s Terms and Conditions. These provide you with information about your investment, including details about the fund’s different share classes: be sure to choose the appropriate one for you. They also explain fund charges, including the ongoing charge, a deduction from your fund which M&G makes to cover the costs of investment management and administration. Additional fund information can be obtained from the Costs and charges illustration, and Annual or Interim Fund Reports.
The tax rules for ISAs and Junior ISAs may change in the future, and their tax advantages depend on your individual circumstances.
Transferring your ISA to M&G won’t affect its tax status or impact your ISA allowance for that tax year.
Please note, there may be a charge made by your existing investment manager to transfer your ISA, Junior ISA or CTF to us, however M&G will not charge you to process your transfer when we receive an instruction. Whilst your investment is being transferred it will be out of the market for a short period of time and will not lose or gain in value.
M&G Customer Relations
PO Box 9039
Chelmsford
CM99 2XG
This section contains answers to some of the most common questions about ISA transfers. If you can’t find the information you’re looking for, please contact our Customer Relations team.
Transferring an ISA, Junior ISA or CTF from one provider to another might sound like a lot of work. But it’s actually a relatively simple process. Once you give us your transfer instruction, we will do all of the hard work for you, contacting your existing provider and managing the transfer on your behalf.
Avoid withdrawing money if you plan to move your Cash ISA or Stocks and Shares ISA to another provider. Doing so will cause the funds to lose their tax-efficient status and may use up part of your annual ISA allowance unnecessarily. Always use the transfer service offered by your new provider to ensure your money retains its tax benefits.
Whilst some providers offer Flexible ISAs that allow you to withdraw money and reinvest it during the same tax year without affecting your ISA allowance, M&G does not offer this type of ISA due to our focus on long-term investing. If you have a Flexible ISA elsewhere and are considering withdrawing funds yourself, make sure you understand how it works and review your options carefully.
If you’re transferring a Junior ISA, keep in mind that withdrawals aren’t permitted until the child turns 18. Transfers must be completed using your provider’s official Junior ISA transfer service.
Transfer times can vary between providers, but most ISA transfers should be completed within 30 days.
No, there’s no maximum limit on the value of ISAs you can transfer to M&G. However, your transfer must meet our minimum investment requirements:
Yes, you can transfer your ISA and Junior ISA from M&G to another provider at any time. To start the process, simply contact your new provider and they will handle the transfer on your behalf by liaising with us directly. Be sure to check with your new provider for any forms or information they may require.
If you’re unsure whether an ISA transfer is right for you, consider speaking to a financial adviser.
The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. The views expressed on this page should not be taken as a recommendation, advice or forecast. We are unable to give financial advice. If you are unsure about the suitability of your investment, speak to your financial adviser.