An ISA is a tax free savings account which often has an investment element whereby those with ISA's can invest up to 7000 a year in stocks and shares tax free.

Transferring your ISA can enable you to get a better rate of return on your investment by allowing you to invest in different ISA funds.

The ISA transfer process is completely free of charge but your existing fund manager might charge you an exit fee if you decide to transfer your ISA.

This article provides an overview of the ISA transfer process to help you decide whether or not to transfer your ISA

What is the Length of the ISA Transfer Process

The process of transferring an ISA usually takes about 4-6 weeks.

Do I Have to Transfer All My ISA Funds or Can I Keep Some of My Existing Funds

If you have a current year ISA then you have to transfer all of your ISA funds. With other accounts, you can opt to transfer some funds and leave the others behind.

Can I Make Contributions to My ISA Whilst it is Being Transferred

Its best to make one-off contributions either before you send in your ISA transfer form or after the transfer process has been completed.

Do My Funds Stay in an ISA While I am Transferring Them

Yes.

Will I be Liable For Capital Gains Tax if I Transfer My ISA

No.

How will an ISA Transfer Affect My Monthly Savings Plan

Once you have received the letter confirming that the ISA transfer process has been completed, you can set up a new monthly savings plan with the company you have transferred your ISA to.

What will Happen to Any Cash in My Previous Account When I Transfer My ISA

Your previous investment company will send the cash to your new ISA investment company after the ISA transfer has been completed.