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.
The tax rules for ISAs and Junior ISAs may change in the future, and their tax advantages depend on your individual circumstances.
You can transfer the following investments to M&G:
- Stocks and Shares ISAs or Junior ISAs
- Cash ISAs or Junior ISAs into a Stocks and Shares ISA or Junior ISA
- Existing Child Trust Funds (CTFs) into a Stocks and Shares Junior ISA
- Matured CTFs into a Stocks and Shares ISA
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.
Visit our Transfer page to see how to move your ISA to M&G.
Avoid withdrawing money if you plan to move your Cash ISA or Stocks and Shares 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.
No, transferring an ISA between providers does not impact your allowance for the current tax year. This means you can transfer previous years' ISA contributions without using any of your current year's allowance. However, current tax year contributions can only be transferred in full.
Transfer times can vary between providers, but most ISA transfers should be completed within 30 days.
While 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.
We don’t charge a fee to transfer your ISA, Junior ISA or CTF to us. However, your current provider may apply a charge when you transfer your investment, so it’s always worth checking with them first.
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.