Transferring an ISA

Yes and you can choose whether to transfer the whole or part of the balance in your ISA account to a new provider. If the transfer relates to subscriptions for the current year then the whole of those subscriptions must be transferred. Funds in an ISA from previous years can be transferred from one ISA manager to another in whole or in part.

Yes.  To transfer an ISA out of the Society you’ll need to check if the other ISA provider will accept a transfer and complete any forms that are required by them.  Your new ISA provider will then ask The Loughborough to transfer your account.

On receipt of your request, the Society will:

• Forward a cheque and a Transfer Out form to the new ISA provider.
• Write to you to confirm that the transfer has taken place
• Where applicable, update and return the passbook.

The Society will normally action requests to transfer your ISA to another provider within 5 working days, unless you advise us of a later date to transfer.

Whilst the society does accept Cash Isa Transfers, please refer to each product summary as not all ISA products will accept transfers in. Please note the society does not accept any stocks and shares ISA transfers in or Child Trust Fund transfers into JISA’s.

If you wish to transfer part or all of your Cash ISA or your full Cash JISA to The Loughborough from another provider, you’ll need to complete an ISA/JISA application form and an ISA Transfer Authority Form or JISA Transfer Authority Form. We’ll then communicate with your current provider to arrange the transfer.