How to transfer your ISA

No, an ISA transfer is different to opening a brand new one. That means you can still pay into your ISA after it's been transferred. Paying into an ISA is also called subscribing.

Yes, you can transfer a fixed Royal Bank of Scotland ISA to a different provider before the account maturity date but you’ll be asked to pay an Early Closure Charge. There’s no charge on transfers after the maturity date.

To transfer existing shares, you’ll need to follow a process called ‘bed and ISA’. This involves selling the shares in your investment account, then buying them back straight away via a stocks and shares ISA.

No, an ISA transfer from any previous tax year's allowance won't count towards your annual allowance for the current tax year. If you want to transfer any money you've saved in an ISA during the current tax year, you have to transfer the full amount - you can't just transfer part of it.

You can have more than one ISA open at the same time. Mixing and matching could help you to work towards different goals. 

You can now open and fund more than one of the same type of ISA in the same tax year with different providers. You can only open and subscribe to one cash ISA with Royal Bank of Scotland, but you could open other cash ISAs with different providers as long as you don't save more than your annual ISA allowance of £20,000 across all your ISAs.

ISAs provide you with tax free savings, compared to other savings accounts.

If you can't access the mobile app or digital banking, you can use our cash ISA transfer form. You can take this into a local branch or post it to us at Everyday Banking, PO Box 5612, Manchester, M61 0WN.