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Transfer an Innovative Finance ISA

Important Information: This isn’t personal advice. Investments can fall as well as rise in value, so you could get back less than you put in. If you’re not sure which investments are right for you, speak to a financial adviser. If you decide to transfer, please check you won't lose any guarantees or benefits, and that your current provider won't charge you large exit fees.

It’s free and easy to transfer cash in your Innovative Finance ISA (also known as a Peer-to-Peer ISA) to an HL Stocks and Shares ISA. Transferring won’t affect your ISA allowance.

The HL Stocks and Shares ISA allows you to invest your money in funds, shares, bonds, ETFs and investment trusts, free from UK income tax and capital gains tax.

All you need to do is send us a completed transfer form. You can leave the rest to us.

Tax rules for ISAs can change and their benefits depend on your circumstances.

FREEto transfer

It's free to transfer to us

Your current provider may charge exit fees though, so it’s worth checking with them first.

Our annual charge for holding investments is never more than 0.45%. But some investments will have their own charges. See our full list of charges, including dealing fees.

Learn more about the HL Stocks and Shares ISA

What is the transfer process?

Step 1 - Start your transfer

Download and complete a transfer form, before sending it to us by post. You’ll need the client number you have with your current provider, your National Insurance number, as well as the approximate transfer value.

Before transferring, please check if your provider charges exit fees, or if you'll lose any benefits or guarantees by transferring. You can only transfer cash held in your Innovative Finance ISA.

Should you wish to close your Innovative Finance ISA, you should discuss this with your provider before requesting a transfer.

You can either transfer to an existing HL Stocks and Shares ISA or open one as part of your transfer. There’s more information on this below.

Step 2 - We work with your current provider

We’ll receive a valuation of your account, so we know how much is coming.

Step 3 - Your transfer is completed

If you already have an account with us, you’ll receive either a secure online message or a letter through the post, depending on your contact preference, letting you know that your cash has been transferred to your account. If you’ve had to open a new HL account as part of the transfer, we’ll contact you by post.

Download the transfer form

Innovative Finance ISA transfer FAQs