TRANSFER YOUR EXISTING ISA TO VIRGIN MONEY

Frequently asked questions

Do transfers count as new contributions for the current tax year?

No, transfers don’t count as a new contribution. When transferring money from the current tax year, the full amount in this year's ISA must be transferred. If you're transferring from a previous tax year you can transfer all or part of the ISA.

Can I transfer a Lifetime ISA to Virgin Money?

No. Virgin Money does not offer Lifetime ISAs or accept Lifetime ISA transfers.

Can I transfer a cash ISA into a stocks and shares ISA?

Yes, you can transfer money from cash ISAs. The amount you've already paid into your ISA this tax year still counts against your new ISA so be careful not to exceed the annual allowance.

What fees are involved when transferring?

Virgin Money do not charge any fees for the transfer. You should check with your current provider whether any exit fees are payable to them.

How long does it take for the transfer to complete?

As the transfer process is reliant on a number of required financial checks and processes by Virgin Money and your existing ISA provider, transfer times vary and can sometimes take a number of weeks to complete.

Do you cover any exit fees charged by my existing provider?

Virgin Money does not cover any exit fees charged by your existing provider.

Can I transfer an Innovative Finance ISA to a Virgin Money Stocks and Shares ISA?

Yes – you can transfer an Innovative Finance ISA (which is a type of Cash ISA) to a Virgin Money Stocks and Shares ISA.

How do I transfer money from a Virgin Money Cash ISA to a Virgin Money Stocks and Shares ISA?

Follow steps 1-3 in the ‘How do I transfer?’ section above and post back your completed transfer form to Freepost Virgin Money ISA Transfers, PO Box 9522, Chelmsford, CM99 2AB.