ISA transfers
How to Transfer Your ISA
Move your existing ISA to FOLK2FOLK to start earning tax-free monthly income.
If you already have a Cash or Stocks & Shares ISA and would prefer to invest in property-backed business loans offering a monthly income, you can transfer your ISA to the FOLK2FOLK Innovative Finance ISA (IFISA). You can also transfer IFISAs you have with other platforms to FOLK2FOLK
Transferring your ISA is a simple, HMRC-approved process that ensures your ISA status, and tax-free benefits, are maintained throughout.
Types of ISA you can transfer to FOLK2FOLK
You can transfer in:
- Cash ISAs
- Stocks & Shares ISAs
- Innovative Finance ISAs
- Lifetime ISAs
Steps to transfer your ISA
1. Open a FOLK2FOLK IFISA Account
Start by completing our online investor application. During this process, you’ll choose to open an IFISA account.
2. Complete an ISA Transfer Form
Once your FOLK2FOLK account is open, we’ll provide an ISA Transfer Form. Fill it out and return it to us, we’ll take care of the rest.
3. We liaise with your current ISA provider
We’ll contact your existing provider and manage the transfer for you. The process is typically straightforward but may take up to 15 working days depending on the provider.
4. Funds are transferred and ready to invest
Once your funds arrive, you can choose which eligible FOLK2FOLK Business Loan Investment(s) you wish to invest your ISA funds in.
Things to keep in mind
- Don’t withdraw funds yourself: To retain your ISA’s tax-free status, the transfer must be made provider-to-provider. Withdrawing funds first will result in losing your ISA benefits.
- You can transfer full or partial amounts from current and previous years’ ISAs.
- Minimum investment: Our minimum investment is £20,000.
- Appropriateness Test: All investors must pass this online test before investing.
