You can transfer your current ISA to another provider but you must follow the right procedure to ensure that your savings and investments don’t lose their tax-free status. Not all providers will accept transfers and some will have rules about when and how they accept a transfer.

You can transfer your ISA from one type to another such as a cash ISA to a stocks and shares ISA as long as you follow the rules. Your original ISA provider might charge a penalty, for example if you move from a fixed-term ISA before the whole period has expired, so check to see what restrictions and charges are in place before moving funds or investments.

Transferring your ISA is a simple process once you have found a suitable provider because once you have completed a form they will do the hard work and contact your original provider.