How long does it take to transfer existing ISAs to mynestegg?
The majority of ISA transfers at mynestegg are completed using Equisoft and Origo. This means that we don't require paper based forms and can use technology to connect directly with your existing ISA provider. These transfers take on average 15 calendar days but this can vary between providers.
Some ISA providers are not on Equisoft and Origo and therefore require a digital signature on a transfer form which we will email to you once you have completed the sign up journey. These transfers typically take up to 30 calendar days but again vary depending on the provider.
What are the next steps I need to complete to transfer my existing ISAs?
To complete the ISA transfer process, you need to go through the following steps:
- Complete the ISA calculator
- Tell us the names of your existing ISA providers
- Create your mynestegg account by providing us with the necessary personal information
- Sign any digital transfer forms if needed
We will then do the hard work in the background to transfer your existing ISAs to mynestegg. You can track the progress of your transfers at all times through your mynestegg portal and/or mobile app.
How do I setup my account to transfer my existing ISAs?
To create an ISA account and transfer existing ISAs, you need to have the following information to hand:
- Existing ISA provider name(s)
- Existing ISA policy number(s)
- Your National Insurance number
We will also ask you for some personal information such as home address and date of birth.
Why should I transfer my existing ISAs to mynestegg?
There are many potential benefits of transferring your existing ISAs to mynestegg. These include the following:
- We have one of the most competitive charging structures in the industry so you can keep more of your returns
- We invest your money with the biggest asset managers in the world using a passive investment strategy
- If you are moving from a Cash ISA into a Stocks & Shares ISA you could potentially get higher returns over the longer term
- You can track your account at any time through the mynestegg app
- You can reduce your paperwork and increase the ease of managing your ISAs if you have everything in one place
What are the fees for transferring my existing ISAs?
mynestegg has a very competitive and simple charging structure. As a client you will pay the following:
Yearly Account Fee: 0.45%
Fund Fee: 0.12% - 0.23% (varies with risk)
Total Yearly Fee: 0.57% - 0.68%
We don't charge any initial fees for transferring ISAs and do not charge any transfer out or exit fees.
I can't find my ISA provider
If your provider name is not on our list you will have the option to manually type your provider name.
Is there a minimum ISA transfer value?
There is no minimum transfer value when moving existing ISA policies to mynestegg.