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Is transfer from another ISA provider into a Smart Portfolio ISA possible?


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I think the Smart Portfolios are great but I am trying to find out if I can I transfer an ISA with another provider to IG to set up and invest in a Smart Portfolio ISA?  This doesn't appear to be ruled out anywhere, but if it is possible, it is not clear how to do it.  Anyone know?? (BTW  Investing in the smart portfolios outside of an ISA or SIPP (as I do) is a real pain from a CGT point of view as no help is given by IG in matching up the multitude of small trades to calculate gains. )

 

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Guest Rob

If you are transferring from one ISA to another there will be no CGT on the transfer or subsequent sales showing gains. Just tell Smart Portfolio ISA what you want to do and they should point you in the right direction

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Hi @Bman

You can request to transfer your ISA that is with a different provider to IG in the My IG area. Select: Live accounts > ISA transfers. There's an online form to fill out then our transfers team will contact your current provider to arrange the transfer.

The cash from the transfer will be invested right away once it is allocated to your Smart Portfolio ISA. If you want to choose when the funds are invested then I suggest transferring your ISA to an IG share dealing ISA then moving the cash across to your IG Smart Portfolio ISA when you are ready to invest the cash.

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Apologies for hijacking this thread but I've asked about converting my standard IG share account into an ISA. I haven't used my ISA allowance this year, and would like to do this instead of opening a new ISA an investing this late in the tax year.

The helpdesk have explained the process and cost, but I can't pin them down on whether they will transfer at original trade price or market close - I want to retain my trading P&L in the ISA account to avoid the tax, otherwise there's little point!

Thanks for any guidance you can give me on that.

 

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