You can transfer your ISA at any time, you do not have to wait until the end of the tax year. You are able to transfer in cash from any eligible ISA that you hold from previous years allowances. We only accept transfers in cash i.e we do not hold stocks and shares, or other instruments.
Money must be transferred across directly from your existing ISA account to the Ablrate IFISA. Please note you can not move this through a current or savings account as the funds will lose their ISA status.
Our platform has a link that allows you to complete this process online and print off the forms required to complete your transfer.
PLEASE REMEMBER, REGARDLESS OF THE TAX BENEFITS, CAPITAL IS AT RISK
Whether investments are held within a IFISA or in a general account, they are not covered by the FSCS; the government backed deposit insurance scheme that protects bank deposits including Cash ISAs. The tax benefits available in an IFISA are subject to status and your capital is at risk. The tax benefits of an IFISA are also subject to change by the government.