ISA transfer guide

There are many reasons you might want to make the switch and transfer a stocks and shares ISA from one provider to another. Maybe you are looking for better returns from your investment, or you want to reduce your charges? Or perhaps you want your money to work harder for your financial future and the future of the planet too?

Whether you know it or not, the money you invest can shape not only your future, but the planet’s future too. 

At M&G, we’re here to support you every step of the way, to help you realise a world where long-term investing and caring for the planet can go hand in hand. 

If you are thinking about moving an ISA from your current provider to M&G, using our ISA transfer service means your investment will be sure to keep its tax-efficient status. 

What’s more, it won’t count towards your ISA allowance for the current tax year. It’s worth remembering though that the tax rules for ISAs may change in the future, and of course their tax advantages will depend on your individual circumstances.

So how do you transfer an ISA to myM&G? 

It might sound like something you want to put off for another day, or tackle when you’re not quite so busy. But it really is easy to make the switch to planet-friendly investments and transfer your ISA to M&G.

While we won’t charge you a penny to transfer your ISA to us, it’s always worth checking just in case your current ISA manager applies a charge at their end. Just give them a call and they should be able to let you know.

Step 1: 

If you are not currently a myM&G customer, firstly visit myM&G to register with us. It’s quick and easy to get up and running. Once your registration is complete, just log in to your account and you will see the option to ‘transfer in’ on your personalised dashboard. 

If you are already investing with myM&G, log into your account and go to the ‘Manage my investments’, page. Then choose the ‘Transfer in’ option to get started.

Step 2: 

Tell us what kind of investment you want to transfer. This is where you choose the ‘ISA’ option. 

Next, we need you to confirm if you want to transfer all, or just part of your existing ISA to us.

Step 3:

To allow us to transfer your ISA without any fuss, we need a little information about your account to get the ball rolling;

  • The name of your current ISA provider
  • Your account or plan number
  • How much you have contributed to your ISA in the current tax year
  • The current value of your ISA

Step 4:

We appreciate everyone’s needs are different when it comes to investing, so at M&G we have a wide range of funds for you to choose from. 

If you’re looking for funds with the potential to make a real, measurable difference to the planet and the people on it, all while targeting long-term financial returns for your future, our Planet+ funds might give you some food for thought.

After choosing which M&G fund or funds you would like to invest in, tell us the percentage of your ISA money you want to put into each. You can choose one fund, or several, whatever is right for you.

After you have chosen your funds, we tell you what we charge for managing your investments. So if you are happy, simply press ‘submit’ and you are good to go. 

While your investment is in the process of being transferred, it will be out of the market for a short time,. Rest assured it will not change value during this time.

It’s easy to transfer your investment to M&G. So why wait? Visit myM&G today.

The views expressed in this document 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.

The value and income from the fund's assets will go down as well as up. Ultimately this will cause the value of your investment to fall as well as rise. There is no guarantee that the fund will achieve its objective and you may get back less than you originally invested.

 

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