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What is a cash transfer?

A cash transfer is a movement of money from one provider to the other, which is not invested in stocks and shares or equities. The benefits of a cash transfer is that you will retain any tax benefits associated with the investment, although you will be out of the market whilst the transfer takes place. In addition, we have also started accepting cash with your Investment Account application.

There will be two scenarios where you will encounter a cash transfer. The first is if an asset you hold is not available to invest with us: the asset will be sold and sent to us as a cash amount by the other provider. The other example where cash is transferred is when the investment is held as cash, for example, in a Stocks & Shares ISA, Pension, Investment Account or Cash ISA.

For more information about transferring investments, please see our Transfer investments page.