You can transfer money between different ISAs that you hold with different ISA providers. This lets you diversify your savings and investments to help meet your financial goals.

The process of transferring money in an ISA over to your Abundance IF ISA is straightforward.

You can transfer money held in any type of ISA to your Abundance IF ISA, whether it's a Cash ISA, Stocks & Shares or Innovative Finance ISA.

Abundance accepts partial transfers which means you can transfer any amount to your Abundance IF ISA, however some ISA provider do not allow partial transfers so check with your provider.

Transfers to an Abundance IF ISA are always made in cash, you cannot transfer investments, so if you have a Stocks & Shares ISA or another Innovative Finance ISA your investments may need to be sold so the cash proceeds can be transferred to your Abundance IF ISA. The ISA provider may complete this process on your behalf or you may need to sell your investments yourself. In this instance you will be liquidating existing investments, so you should consider carefully whether this is in your best interests and take advice as necessary.

Abundance does not charge any fees to transfer an ISA to or from Abundance, however some ISA managers may charge you a fee for leaving, so please make sure you check.

Once you are ready to transfer your ISA you need to initiate a transfer request from within your Abundance account. To do this, view your ISA portfolio (go to Account in the top right and then to ISA Portfolio) and then in the 'Quick links' box on the right hand side of the page select Transfer ISA. You can then Create a new transfer request.
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You'll need to enter the details about the ISA you want to transfer, such as the ISA manager name and your account number and sort code (if applicable).

Once you've filled this in, we'll create an ISA Transfer Authority Form which you'll need to print, sign and return to us. Please send us a digital copy (a scan or a clear photograph) of your completed and signed form to [email protected] or via the messenger on the Abundance website (pink circle in the bottom right) — this is the quickest way to get your transfer underway. Once we've got your form, we will do the rest.

In some rare cases, your ISA provider may require an original hard copy of your signed form, but we’ll let you know if that’s the case and ask you to post it to us.

Once we have your completed transfer form we will arrange the transfer with your existing ISA provider and let you know once it is completed and the money is available within your Abundance IF ISA. The process of transferring your ISA usually takes between 7 - 30 days, depending on the provider and type of ISA being transferred. This is worth bearing in mind if you would like to invest in a specific direct investment on Abundance.

An ISA transfer from a Cash ISA typically takes 5-7 days. A transfer from a Stocks and Shares ISA or Innovative Finance ISA typically takes 15-30 days.

Once we've received the transfer we'll add the money to your Abundance IF ISA. Your ISA funds will be held as cash in your Abundance IF ISA portfolio, ready for you to invest. Please remember that you need to choose the investments you want to make yourself and cash held in your ISA does not earn any interest.

You can choose to invest in any of the investments on Abundance from within your Abundance IF ISA.
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​Please remember, holding your investments in an IFISA does not reduce the risk of the investment or protect you from losses, so you can still lose all your money. It only means that any potential gains from your investment will be tax free. The tax treatment of your investment will depend on your individual circumstances and may change in the future.