![]() Transfer rights in relation to non-cash innovative finance ISA investments are available only as set out in the terms and conditions of the account. Where this occurs in respect of a Lifetime ISA not only will the tax wrapper be removed but it will also be treated as a withdrawal and may be liable to a withdrawal charge.Ī transfer application can be made by someone holding a mandate from the investor. They do this by making a transfer application to the new manager, they cannot transfer an ISA by closing it and paying the proceeds into a new ISA with the new ISA manager. ![]() Investors have the right to transfer their ISAs whenever they want and this right must be included in the manager’s ISA terms and conditions.
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