Transferring your Investments

Transfer your investments to Barclays online and benefit from:

• Between £75 and £500 in cashback when you transfer £25,000 or more in funds and/or cash for investment into Funds (Unit Trusts and Open Ended Investment Companies only) to Smart Investor by 26 July 2019 (exclusions and Qualifying Criteria apply)
• Your investments and banking in one place, if you are a Barclays customer log in to your account through your online banking
• Take advantage of our tools and resources to help guide your investment decisions
• Competitive fees – try our cost calculator to see how much you could save
• This offer applies to Investment ISA and Investment Accounts only.

What investments qualify?

Transfer Qualifying Funds and/or Qualifying Cash held in either a Cash or Investment ISA, or in an Investment Account.

• Qualifying Funds are unit trusts or Open Ended Investment Companies (OEICs) transferred to us
• Qualifying Cash is cash that is transferred and invested into Unit Trusts or Open Ended Investment Companies (OEICs) before 26 July 2019 or 30 days after your transfer has been completed (whichever is longer).

Please contact us if you would like to request an extension.

This excludes all assets held within a pension (including SIPPs), and shares, gilts, bonds, ETFs, offshore funds and Investment trusts that are held in an Investment ISA or Investment Account.

Your cashback will be paid to the bank account linked to your Investment Account or Investment ISA. If you do not have a nominated bank account linked to your Investment Account or Investment ISA, please contact us so we can add your nominated bank account details – without which we will be unable to pay your cashback. Your cashback will be paid within 60 days of the transfer of the final Fund (or cash subsequently invested in Funds) being received into your Smart Investor account(s), unless an extension has been requested – in which case, your cashback payment may take longer.

If you’re unsure about transferring to us, we strongly suggest that you don’t decide to do it simply to get the cashback on offer. Take your time to decide whether transferring your investments and cash held in ISAs or other accounts elsewhere is the right thing to do and consider the disadvantages as well as the advantages. If you need more time to decide, please contact us to request an extension.

Please see the transfer cashback offer Qualifying Criteria for full information

Four steps to transfer

Once you’ve opened either a Barclays Investment ISA, Investment Account or SIPP, you can move your investments across in just four simple steps:

Transferring your investments can seem daunting, but when you invest with us, you can take advantage of all the benefits offered by a Smart Investor account. These include transparent and straightforward fees, a cutting edge user-friendly platform and access to essential tools and resources.

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.

Things to be aware of before you transfer

Before transferring your investments, find out about any charges, exit penalties, benefits you may lose or investments that you can’t transfer to us.

We’ll rebate any charges incurred for transferring assets, up to a maximum of £500. You can view the terms and conditions of this offer here

Transferring in cash

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. 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’ll 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.

Transferring existing investment holdings

There’ll 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.

Transferring in Pensions

In addition to the things that you should consider when transferring all investments 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 will not 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, 204KB].

Transfer

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. Before transferring your investments, 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 25% government charge on the amount transferred.