Did you know you are free to transfer your existing ISAs whenever you want?
If you already have an ISA and want to transfer your funds to a Relendex Innovative Finance ISA (IFISA) we won’t charge you any fees.
How do I transfer my existing ISA?
Step 1. Open a Relendex ISA Account
Apply online. Have your National Insurance number and passport to hand.
Provide basic information so we can conduct our usual Anti-Money Laundering / Know-Your-Customer process.
Step 2. Decide which ISAs you will be transferring
You can only subscribe new money to one IFISA each financial year but there is no restriction on previous years' ISA funds.
Step 3. Fill in a transfer form
Fill out the transfer form on the Lender dashboard and post it to FREEPOST – RELENDEX TRANSFER TEAM. You do not need to contact your existing ISA manager, Relendex handles the full process for you.
Step 4. Wait for funds to reach us
It can take 15-30 days for the transfer to be complete. If you are transferring from a Stocks & Shares ISA or another Innovative Finance ISA, your ISA Manager will need to liquidate your holdings before transferring the funds.
Step 5. Invest in loans
With our Self-Select ISA, you are able to choose exactly which loans you want to put your money into. Our Secured-Portfolio ISA offers a more hands-off approach, where we create your portfolio for you.
Don’t have funds to transfer but want to make the most of your tax-free, £20,000 allowance?**
Relendex offer two Innovative Finance ISA (IFISA) options that could offer greater returns than a typical Cash ISA, for example.*
- For more info on Relendex Innovative Finance ISA options click here.
- For general info on Innovative Finance ISAs check out video the below
*Capital at risk. Your tax treatment will be dependent on your personal circumstances and subject to HMRC requirements.
**Your tax treatment will be dependent on your personal circumstances
