Your ISA Could Do Better,
Transfer It To RateSetter IF ISA.

 

- Earn up to 4.9%* tax-free with the RateSetter Innovative Finance ISA.

Better returns than a Cash ISA, and Simpler than a Stocks & Shares ISA.

- You CAN transfer in: Cash ISAs, Stocks and Shares ISAs and other Innovative Finance ISAs.

- Transfers In from previous years DON’T affect your annual £20,000 ISA allowance.

- It’s FREE to Transfer In with RateSetter**

Capital at risk, instant access not guaranteed. No FSCS protection.

*4.9% annualised rate is the 3 month average on the 5 year market on the 1 June 2018.

**Your existing ISA provider may charge some fees for some types of accounts and investments. Please check with them first as we wouldn’t want you to unknowingly incur fees.

Check how much more you can earn with a RateSetter IF ISA

cash_isa_vs_ratesetter_isa_mobile.png

^ 3 month average market rates at 10th April 2018: Rolling = 3.0%, 1 Year = 3.7%, 5 Year = 5.0%. Earnings after 1 year for Rolling market and 5 Year market assume capital and interest are reinvested monthly at the same interest rate.

† Source: Bank of England 31st March 2018: Interest rate of UK monetary financial institutions sterling one year fixed rate cash ISA = 1.2%. Earnings after 1 year = £241, accounting for capital and interest reinvestment.

Transfer In Any Previous ISA allowances, from Any Number of ISAs to RateSetter

You Can Transfer In

You can transfer in the following types of ISAs:

- Cash ISAs.

- Stocks and Shares ISAs.

- Other Innovative Finance ISAs.

 

 

Money invested in ISA accounts in previous tax years

Money invested in ISA accounts in the current tax year

Full Transfers

Yes,

Yes.

Partial Transfers

Yes.

For money invested in ISA accounts in the current tax year, only full transfers are possible. Your annual ISA allowance is £20,000 and is not impacted by transferring your ISA from one provider to another.

It’s free to Transfer In with RateSetter. Your existing ISA provider may charge some fees for some types of accounts and investments. Please check with them first as we wouldn’t want you to unknowingly incur fees

- Transfers In from previous tax years don't affect your current annual £20,000 ISA allowance, and there is no limit on how much you can Transfer In. There is also no limit on the number of different ISAs you can transfer to us

- You have one RateSetter ISA account, which contains your ISA transfers as well as your subscriptions from all tax years. Please check your existing ISA for any restrictions on transferring out as well as any charges, fees or lost income.

- RateSetter will manage the entire Transfer In process for you: your ISA(s) transfer will be ‘pulled’ by RateSetter rather than ‘pushed’ by your existing ISA provider. You can transfer any ISA from any other ISA provider to RateSetter at any time, subject to the terms and conditions of your existing ISA(s). This includes transferring Cash ISAs, Stocks and Shares ISAs and other Innovative Finance ISAs to your RateSetter ISA.

- Your RateSetter ISA is a flexible ISA, which means that you can withdraw money at any time and replace it within the same tax year and still retain the benefit of your tax-free ISA ‘wrapper’ for that money. Any money you Transfer In to your RateSetter ISA will also benefit from this flexibility once it’s in your RateSetter account.

Why should I transfer my ISAs to RateSetter?

You may feel let down by the fading returns from your Cash ISA, or be looking to avoid further volatility from your Stocks and Shares ISA.

RateSetter’s purpose is to make investing better by opening access to higher returns from peer-to-peer lending. Investors received an average return of 3.9% with RateSetter over the last 12 months, and thanks to our Provision Fund, to date, every individual investor has received the interest and capital that they expected. However, this does not provide a guarantee.

Compare the returns from your existing ISAs and see what you could earn if you transferred to RateSetter. It is always sensible to check the rate you are earning on your ISA and shop around for the combination of risk and return that suits you best.

How to Transfer My ISA to RateSetter

Start by opening a RateSetter ISA.

You have the option to transfer other ISAs to your RateSetter ISA as part of the account opening process. You can also initiate an ISA transfer at any time by logging-in to your RateSetter account.

Simply enter the data and we’ll populate the Transfer In form for you in real time. You can then download, print and save the form for your records. You’ll need to print, sign and send a copy to RateSetter for us to initiate the transfer process.

The address is: ISA Priority Transfer Team, RateSetter, 6th Floor, 55 Bishopsgate, London, EC2N 3AS.

What information do I need to transfer my ISA to RateSetter?

-  Full name and address of your current ISA providers (you can select from a drop-down list in our ISA Transfer In form).

- Your ISA account number or reference number.

And for Cash ISAs

ISA sort code.

And for Stocks & Shares ISAs

- Details of the stocks and shares to be sold to enable the transfer.

- Don’t close your ISA or withdraw money from your existing ISAs with the intention of reinvesting it in your RateSetter ISA. You’ll lose the tax-free benefit of the ISA ‘wrapper’. Leave your other ISAs open with the balance in them and ask RateSetter to initiate the transfer on your behalf so that you retain your tax-free benefits.

How long does it take to Transfer my ISA to RateSetter?

Your ISA transfer(s) should take no longer than: 15 working days for a Cash ISA, 30 working days for a Stocks & Shares ISA or an Innovative Finance ISA.

Other Important Information

If you’re transferring from a Stocks & Shares ISA or other Innovative Finance ISA to a RateSetter ISA, you must transfer your investment in the form of cash. This means that you may have to sell out of any shares, bonds, loans etc in order to turn the investments into cash so that it may be transferred.

Need some help?

If you're an existing RateSetter investor, or interested in investing with RateSetter through the RateSetter ISA and still have questions about the Ratesetter IF ISA then contact us on:

Call: 020 3142 6226

Email: [email protected]

Your ISA Could Do Better,
Transfer It To RateSetter

 

- Earn up to 4.9%* tax-free with the RateSetter Innovative Finance ISA.

- Better returns than a Cash ISA, and Simpler than a Stocks & Shares ISA.

- You CAN transfer in: Cash ISAs, Stocks and Shares ISAs and other Innovative Finance ISAs.

- Transfers In from previous years DON’T affect your annual £20,000 ISA allowance.

- It’s FREE to Transfer In with RateSetter.**