Transferring investments to Bestinvest
You can easily transfer funds, shares and many other investments held outside of a pension or ISA into our Investment Account.
Which types of investments can I transfer to Bestinvest?
You can transfer funds, ETFs, investment trusts and most UK-listed shares to Bestinvest.
Can I transfer my investments into an ISA or SIPP?
Yes, you can transfer existing SIPPs and ISAs into our ISA and SIPP accounts. If your investments are held in other accounts, you can transfer them using a Bed & ISA or Bed & SIPP transaction:
• A Bed & ISA transaction allows you to sell existing investments held outside an ISA and use the proceeds to open or top up an ISA account. You can then choose to buy the same investment back, choose another investment instead, or simply hold the cash within your ISA account.
• A Bed & SIPP lets you top up your pension by using your existing investments as SIPP contributions. You sell your investments and use the proceeds to open or top up your SIPP account. Then, you can buy the same investments back, select different ones or simply leave the cash in your account for future investing.
How long does it take to transfer funds and shares?
This can vary from provider to provider. Cash transfers generally take one week to complete whereas in-specie (where you move your investments without converting them to cash), transfers could take longer if your current provider cannot process electronic transfers. With a stock (or in-specie) transfer, your assets are transferred to us directly, with no need to reinvest and no time spent out of the market. The transfer process can be sped up significantly if you supply a list of the investments you are transferring, such as a copy of your latest valuation statement, alongside your completed transfer forms.
If you would like to discuss your transfer options or would like us to prepare the paperwork for you, call us on 020 7189 2400.
Get in touch if you have any questions or need some help transferring your investments to Bestinvest:Call us on 020 7189 9999
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