ISA Transfer
An ISA transfer allows you to move money between Principality ISAs or from one ISA provider to another, without losing the tax-free status.
Withdrawing money from an ISA to either a savings account, current account or as cash will mean you lose the tax-free status on the money.
Visit our Understanding ISAs page to learn more.
- Transferring your ISA to Principality
- Transferring your ISA to another provider
- Other ISA transfers
How to transfer
If you want to pay into your existing Principality Cash ISA, and you have not paid money into another Principality Cash ISA in the current tax year, you can do so by:
- cash
- cheque
- online transfer
Please check the terms of your ISA before you request a transfer.
When transferring money from one ISA to another you must transfer the full amount that you have paid in for the current tax year. You will be able to transfer part or all of the balance from previous tax years.
You can follow the instructions below or visit your local branch to complete a transfer.
I want to move my ISA from another provider to Principality
To transfer money from another provider to us you need to download the Cash ISA Transfer Form and follow the ‘Completing your transfer’ instructions.
I want to move my ISA from one Principality account to another
If you want to transfer your existing Principality Cash ISA to another Principality Cash ISA complete the Internal ISA Transfer form by following the ‘Completing the form’ instructions.
Please note: If you transfer your Principality ISA to another Principality ISA it must be transferred in full.
I want to transfer my Stocks and Shares ISA to a Principality Cash ISA
To transfer your Stocks and Shares ISA from another provider to a Principality Cash ISA you need to complete a Stocks and Shares ISA to Principality Cash ISA Transfer Form by following the ‘Completing the form’ instructions.
Completing your transfer
You can post your completed form to:
FAO Savings team
Principality Building Society
Principality Buildings
PO Box 89
Queen Street
Cardiff
CF10 1UA
We are unable to contact you to inform you that we received your transfer form. However, we will write to you as soon as the transfer is complete.
You can also visit your local branch to complete a transfer.
How long will my ISA transfer take?
Once we receive and process your ISA Transfer request, we will aim to complete the transfer in:
- 15 business days for a Cash ISA
- 26 business days for a Stocks and Shares ISA
If your transfer is not completed within 15 business days, please contact us by:
- calling 0330 333 4000
- sending us a secure message via Your Account, if you're registered.
- visiting or calling your local branch
These timescales are subject to notice not being required on the ISA being transferred to us. If notice is required, you can tell us on the ISA Transfer form.
Frequently asked questions
If you want to transfer your ISA to Principality in the current tax year you must transfer it in full.
If you paid into an ISA in previous tax years you can transfer all or part.
A roll number is a unique number assigned to each member of a building society. You can find it on your passbook or your ISA statement.
You can find your account number:
- On the top of your ISA statement
- In the front of your passbook
- By logging into Your Account and the account number will be on the home screen.
How to start my transfer
You can transfer your Principality ISA to a new provider. Please contact your new provider and ask to use their ISA transfer service.
Do not withdraw your money, as you will lose the tax-free status.
Please note: If the Principality ISA you are transferring to another provider includes money you have paid in for the current tax year, you must transfer your current tax year subscriptions in full. You can transfer part or all of your balance from previous tax years.
What happens next
Once we have received the ISA transfer request from the new provider, we will send your money to them within 15 business days.
The amount of time it takes for your ISA to be transferred will depend on:
- if your account requires notice
- whether you lose interest earned on your account
If either of these applies to your ISA, you can say on the transfer form you are happy to accept the loss of interest.
For updates on your ISA transfer, please contact your new provider.
I want to move my ISA to a current account
You can take money out of your account by:
- logging into Your Account and using secure messaging
- visiting your local branch
If you would like to make a faster payment, you can do this by telephoning: 0330 333 4000.
Please note you will lose your tax-free status on your money if you move your money to an account that is not an ISA.
I want to pay into my existing Principality ISA
If you want to pay into your existing Principality Cash ISA, and you have not paid money into another Principality Cash ISA in the current tax year, you can do so by:
- cash
- cheque
- online transfer
If you did not pay into your Principality ISA in the previous tax year, you will need to complete a Cash ISA Break In Subscription Form by following the ‘Completing the form’ instructions.
Please note: If you transfer your Principality ISA to another Principality ISA it must be transferred in full.
Connect with us
