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ISA Transfer

There are a few different types of transfer you can make if your account allows it. Choose from the options below and we'll help you through the process.

How long will it take?

Type of Transfer?

How long does it take to transfer an ISA?

The ISA transfer timescales depend on the type of ISA:
  • Transfers into a Skipton Cash ISA from another Cash ISA usually take up to 7 working days.
  • Transfers from Stocks and Shares ISAs, Innovative Finance ISAs and Lifetime ISAs take approximately 30 calendar days.

Please note: if you intend transferring money out of a Lifetime ISA into another type of ISA before the age of 60, you will normally have to pay a 25% government withdrawal charge, which would mean you would get back less than you paid in.

How much can you transfer from one ISA to another?

For Cash ISAs the £20,000 annual allowance doesn’t apply to ISA transfers so you can transfer as much as you like. However, the rules are a little different for transfers into LISAs. If you transfer previous tax year’s savings into a LISA from a different type of ISA, it will count towards the annual LISA allowance.

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