1. Select provider
Choose the provider you are moving from
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.
During the current exceptional situation many investment providers are trying to reduce paperwork. At the current time we do not require you to sign and complete any transfer paperwork. If your current provider will not proceed without a signed transfer request, we will revert to you.
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
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.
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
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.
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.
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].
1.1. Barclays will, subject to the terms set out in this clause 1, reimburse customers for any charges levied by their existing provider subject to any cap set out in clause 1.3 (“Transfer Out Charges”) as a result of transferring Assets to a Barclays Investment ISA, Barclays Investment Account or Barclays SIPP.
1.2. Barclays reserves the right to cease or amend the terms relating to reimbursing customers for Transfer Out Charges without a period of notice, but not so as to affect any agreement made to reimburse customers for Transfer Out Charges.
1.3. Barclays will reimburse customers up to £500.
1.4. Barclays will only reimburse Transfer Out Charges where a customer has provided satisfactory evidence to Barclays that it has paid Transfer Out Charges. Barclays will act reasonably when it determines if evidence received is satisfactory for these purposes. Send proof of fees to Barclays, Transfers, PO Box 27127, G2 9LF.
1.5. Barclays will reimburse Transfer Out Charges within 30 days of receiving satisfactory evidence of payment of Transfer Out Charges in accordance with clause 1.4.
1.6. Refunds of Transfer Out Charges will be paid into the nominated bank account that is linked to your investment account.
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.
You can transfer your existing investment and/or cash Individual Savings Account (ISAs) to a Barclays Investment ISA quickly and easily.
Transferring your ISAs doesn’t affect their tax-efficient status. However, tax rules can change in the future and their value to you will vary depending on your individual circumstances.
You can transfer any individual investments or whole accounts you have into our Investment Account.
If you have pensions elsewhere, you can transfer them to us at any time – and if there are any charges to transfer out of your current pension, we’ll refund these up to a maximum of £500.
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 new 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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If you have any questions, you can give us a call on 0800 279 36671.