We accept ISA transfers from all brokers and banks. If you want to transfer investments from your GIA (non-ISA account), please see How to transfer my portfolio?.
Transferring into Lightyear
Note that transferring in this way will not affect your ISA allowance for the current tax year, as your funds remain in the ISA wrapper throughout the process. For this reason, it's important not to withdraw the proceeds as cash or move them to a non-ISA account. Doing so would mean that any subsequent deposits into your Lightyear ISA would count against your ISA allowance for this tax year.
You can transfer your Stocks & Shares ISA in-specie or as cash.
Here's how to transfer your ISA to Lightyear:
- Go to your profile view on mobile or web and hit “Transfer your Portfolio”.
- You’ll be prompted to select the account you currently hold with the other provider and provide details about your transfer.
We’ll do our best to keep you in the loop via the transaction tracker, app notifications and emails.
Do you offer partial transfers?
Yes, we offer partial transfers, but it depends on whether your current provider supports them. If they do, you’ll be able to select this option in our app by following the steps above.
Transferring out of Lightyear
If you want to transfer part of your portfolio, you can do this by selling your shares and transferring the proceeds. If you're looking to transfer your entire portfolio, you can do this by transferring your shares held in the ISA to your other broker.
The request needs to be initiated through the provider you are switching to. Once you’ve submitted it and they are ready to start the process, they will contact our team, and we’ll coordinate your ISA transfer. We’ll contact you via email.
How long does it take?
For transfers into Lightyear, there are only a few steps required from you to initiate the transfer in our app. The time it takes for transfers to appear in your Lightyear ISA may vary, and it often depends on the practices of your existing broker. If your existing broker uses older systems, the process may take longer or involve additional complexities.
How much does it cost?
- We don’t charge you for an ISA transfer into Lightyear. Your other provider may impose charges, and we recommend consulting with them before submitting transfer requests.
- In-specie transfers out from Lightyear are subject to fees charged by our brokerage partners. These fees vary depending on factors such as the size of the transfer and the markets in which the instruments are traded. More information will be provided when the request is submitted.
Read also: Individual Savings Account (ISA).