New rules. New opportunities.
If you want to make your cash ISAs work harder for you this tax year, then you’re in luck.
Since 6 April, new tax rules mean you can transfer some or all of your cash ISAs from previous years (even as recently as 2007–08) into a stocks and shares ISA. Not only will you keep your money sheltered from tax, you won’t even lose any of this year’s tax allowance.
Because stocks and shares ISAs invest in the stock market, they can offer greater potential for your money to grow.
Remember though that, when you invest in stocks and shares ISAs, the capital and income value may fall as well as rise. And, unlike a bank or building society cash ISA, any money invested in a stocks and shares ISA is not guaranteed.
It's your choice
Whatever your attitude to risk is, we’ve a wide range of investment products that’ll match your outlook. We have:
- Index-trackers, where we follow both the UK stock market and those of other regions;
- Actively managed ISAs, where a professional fund manager makes informed selections on your behalf;
- Ethical ISAs, where we invest in companies that do business in a socially responsible way;
- Income ISAs, where we invest in fixed interest securities, such as corporate bonds and government securities; or
- Multi Manager ISA, allows you to invest in several funds at the same time through one simple investment.
It's easy to transfer
You only need to complete one form for each cash ISA you want to transfer – that’s all it takes. We’ll do the rest for you, so it really is nice and simple.
Please remember, funds that invest overseas are influenced by changes in exchange rates which may cause the value of your investment and the level of income to fall or rise. Stocks and shares ISAs should be considered as medium to long term investments of at least five years.
The minimum transfer is a £500 lump sum. Please note that once you have transferred your money from your cash ISA, it cannot be transferred back, but you can withdraw your money without any fees.
