Transfer or Switch your ISA
Has the performance of your ISA and/or former PEP peaked? Or, perhaps, your investment priorities have changed and income is now more important for you. Well, we can help.
The Willis Owen Transfer and Switch Service lets you easily alter your portfolio AND keep the tax benefits of your ISA. When you move your current ISA and/or former PEP, you move the value of your existing investments to different funds, but you retain the ISA wrapper at the same time – thus ensuring that none of the tax efficiency is lost.
The benefit of this service is that you can still take advantage of our usual large discounts, and you can take the opportunity to ensure that the new funds you are investing in are right for your current circumstances and your attitude to risk and reward. The procedure for transferring is very easy. Just select which funds you want to transfer to and complete the following forms. Return the forms to us, relax, let us do the work for you and within a short time you’ll see your new portfolio working hard for you.
It is simple to alter your portfolio with Willis Owen.
Switching
If you wish to switch out of a fund that is held in your Cofunds portfolio into another fund within Cofunds, the Switch Form is for you. Fill in the form below, not forgetting selecting the fund or funds you would like to switch into, and return it to us. Cofunds will then deal with the switch in accordance with their standard processes. The units or shares will be sold at one valuation pricing time and bought at the next available valuation pricing time. Please note that there is currently a charge levied by Cofunds of 0.25% of the value of the switch.
Switch Form
Transferring
But what if you wish to move out of a fund currently held outside of your Cofunds portfolio into a different fund through Cofunds? Then you need the Transfer Form. This is called a “Cash Transfer” and, as you are transferring between administrators, you will be out of the market between the time your investment is sold and bought back. There is a potential for loss of income and growth during this period. However, you will still benefit from Willis Owen’s discounts on all transfers.
Transfer Form
Do not forget, if you are unsure as to which form to use, just call our Investor Support Team FREE on 0800 597 2525.