Stocks and shares ISA transfer rules
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Quick answer: You can transfer a stocks and shares ISA to another provider without losing tax-free status — use the official transfer form and never withdraw cash to your bank account yourself.
Moving ISA investments between providers is common when fees fall or platforms improve. HMRC rules require an in-specie or cash transfer through the new provider to keep the tax wrapper intact. This guide covers timelines, partial transfers and common pitfalls.
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Read the full investing & ISAs guide →Primary source: www.gov.uk/individual-savings-accounts
How to start a transfer
Contact the provider you want to move to and complete their ISA transfer application. They contact your existing provider — you do not need to sell investments yourself unless the receiving platform only accepts cash.
HMRC rules say providers must complete transfers within 30 calendar days. If they miss the deadline, report it to the FCA or HMRC ISA helpline.
Cash versus in-specie transfers
An in-specie transfer moves your existing holdings without selling. A cash transfer sells first then reinvests at the new provider, which can mean being out of the market briefly.
Check whether the new platform supports your existing funds and shares before starting, especially for niche investment trusts or US stocks. If the new provider only accepts cash, your holdings will be sold during transfer and reinvested.
Partial transfers and LISAs
You can transfer part of a stocks and shares ISA while leaving the rest where it is, useful if you want to try a new platform with some holdings. Partial transfers do not affect the tax-free status of the money that stays or moves.
Lifetime ISAs cannot be partially transferred to a standard ISA without penalty unless you are over 60 or buying a first home. Help to Buy ISA transfers also have specific rules.
Common questions
Will I lose tax-free status during a transfer?
No, if you use the official transfer process. Tax-free status is preserved while assets move between HMRC-registered ISA managers.
Can I transfer while markets are falling?
Yes, but in-specie transfers keep you invested throughout. Cash transfers may crystallise losses if investments are sold during a downturn.
Do I pay a fee to transfer?
Some providers charge exit fees or trading costs. Your new provider may offer transfer incentives, but compare ongoing charges not just short-term bonuses.