Arranging your ISA transfer with your providers before closing your existing account protects the tax-free status of your ISA savings. This means that you continue to earn tax-free interest on your savings held in your ISAs.

The annual ISA allowance means you can build a tax-free nest egg over a number of years, so it’s important to protect that tax-free status.

You can choose to transfer your savings instantly, when your current ISA matures if it’s a fixed rate or after giving the required notice on notice ISAs.

Be careful if you’re transferring a fixed rate or notice ISAs, transferring before your maturity date or without giving the required notice could mean you have to pay a penalty for moving your savings early. It’s worth checking your ISA terms and conditions or contacting your provider to clarify.

Yes. You can transfer your ISA savings from previous tax years without it affecting your ISA allowance for the current tax year. With ISAs from previous tax years, you have the option to transfer all or part of your ISA savings.

Yes, if you’ve already paid into an ISA this tax year you can still transfer your savings to another provider. But, you can’t move part of your current tax year’s ISA savings, you must transfer all of it. ​

You can move your previous tax years ISA savings however you like.

You can spread your ISA savings across our entire range of Cash ISAs because of our ISA wallet feature. This means you can make withdrawals and reinvest your ISA savings in the same tax year with us, without using your annual ISA allowance. For example, you could withdraw from your Easy Access, Notice or Defined Access Cash ISAs and reinvest those savings in any of our Cash ISAs and your annual ISA allowance would be unaffected.

The time it takes to complete your ISA transfer depends on a few factors. Generally, it should take no longer than 15 working days to transfer a cash ISA to another cash ISA and up to 30 working days to transfer a stocks and shares ISA.