Transfer to a Stocks and Shares ISA

ISA transfer rules

Transferring your ISA is a simple process, but there are a few rules you might need to know.

• How much of my ISA can I transfer?

  You can move as much of your ISA as you like.

• How long does an ISA transfer take?

  We expect transfers to take anywhere between 2-6 weeks although some transfers can be complex and take longer. Timeframes also depend on actions from your existing provider.

• Do ISA transfers count towards my allowance?

  Transferring doesn’t count towards your ISA allowance, which is £20,000 in the 2024/2025 tax year. You can transfer all or part of an ISA at any time in the tax year.

• Can I request a partial ISA transfer?

  Yes, you can. However, not all providers can facilitate a partial transfer so we’d recommend checking with your current provider first.

• How do I request a partial ISA transfer?

  A partial transfer can only be requested over the phone or via a transfer form and cover letter in the post. There are specific regulations regarding this so please call our transfer helpdesk on 0117 906 7816 if you need any help.

• Can I transfer my ISA to a family member?

  No, you can’t transfer an ISA directly to another person.

  If you want to move money from an HL Stocks and Shares ISA to a family member, you’ll need to sell your investments first. Then you can withdraw the money to your nominated bank account and pay them directly from your bank account.

• Can I transfer shares into an ISA?

  You cannot normally transfer shares and investments into an ISA. However, you can use shares to top up an ISA by selling them in an HL Fund and Share Account and then buying them back within an ISA. This would count towards your annual ISA allowance (currently £20,000). This is sometimes called a Bed and ISA.

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