1. Select provider
Choose the provider you are moving from
If you’ve got investments held elsewhere, why not transfer them to Smart Investor? Having everything in one place not only helps you take back control but you’ll also benefit from the features offered by Smart Investor. These include transparent fees, access to our Ready-made Investments, Barclays Funds List and Barclays Price Improver™.
Remember too that if you’re transferring cash after selling an investment you will be “out of the market” for a period of time. When markets are volatile, this can mean you miss out on large movements in value, both up and down.
Choose the provider you are moving from
Choose the investments you want to move
Check your choices are correct
Tell us you are happy to proceed
The value of investments can fall as well as rise. You may get back less than you invest. Tax rules can change and their effects on you will depend on your individual circumstances.
Find out about any charges, exit penalties, benefits you may lose or investments that you can’t transfer to us.
If you transfer cash or investments from a Lifetime ISA to an Investment ISA, it will count as a Lifetime ISA withdrawal and you will incur the 20% government charge on the amount transferred. This charge was reduced from its normal rate of 25% by the Government in 2020 to help people access cash more freely during the pandemic. It is due to revert to 25% in April.
If you’re transferring cash after selling your investments and maybe planning to repurchase them, remember you’ll be ‘out of the market’ for a time and there’ll be charges when you sell and reinvest.
You may also have to pay capital gains tax when you sell if your investments aren’t held in an ISA. That means you’ll miss out on any rise in value and on any income from these investments during that period. You’ll also miss out on any corporate actions such as rights issues and on voting rights as well as any Shareholders’ benefits, for example, discounts on services, which you may not receive on the same terms when you repurchase the shares.
There will be dealing charges to sell and repurchase investments. If you make capital gains outside of pensions or ISAs that exceed your annual allowances, you’ll need to pay capital gains tax. Remember, tax rules can and do change, and their effects on you will depend on your individual circumstances, which can also change.
During the transfer process, you won’t be able to sell any existing investments. However, once the process is complete, you’ll be able to sell as normal. There will be a period during the transfer when you won’t be able to sell existing investment holdings. How long this period lasts will depend on the assets you hold, but it may also be affected by how quickly the registrar or fund manager carries out the ownership transfer and whether they’ll accept an order to sell while making the transfer.
There may also be delays in receiving dividends, other income and information, as well as delays to exercising shareholder concessions or receiving notification of voting rights or corporate actions, such as rights issues. These could affect your ability to respond where deadlines are shorter.
There are some additional elements to consider when transferring pensions. Transferring a pension doesn’t affect its tax-efficient status, but you should make sure that you don’t have to pay penalties or give up valuable benefits – and that you're aware of all the risks and drawbacks involved in this. We don’t accept transfers of defined benefit pensions (e.g. final or average salary pensions). If you’re unsure whether to transfer a pension, seek professional independent advice. (Pensions are not included in the cashback offer).
Read an explanation of drawbacks and risks to be aware of when transferring pensions [PDF, 1.7MB].
You can transfer your existing investment and/or cash Individual Savings Account (ISAs) to a Barclays Investment ISA quickly and easily.
You can transfer a wide range of investments or whole accounts you have into our Investment Account.
A ‘Bed and ISA’ transaction is when you sell investments that you’re holding outside an ISA, then buy the same investments back within your ISA.
Transfer your share certificates to a Barclays Investment Account and make it easier to keep track of their performance.
Plan & Invest is a service which creates and manages a personalised Investment Plan just for you. Whether your long-term goal is your child’s university education, retirement or just building a nest egg, all you have to do is tell us a bit about yourself and then, if you’re ready to invest, let our experts select and manage your investments.
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