Stocks & shares ISA transfers in
Our Robinhood UK stocks & shares Individual Savings Account (ISA) is a tax-efficient investment account. After opening a stocks & shares ISA, you can transfer an existing stocks & shares or cash ISA from an outside ISA provider into your Robinhood stocks & shares ISA. Robinhood doesn’t charge a fee to transfer an outside ISA into Robinhood. However, some ISA providers may charge exit or transfer fees.
Keep in mind that your annual contribution allowance for an ISA is £20,000. This is the total amount you can contribute across all types of ISAs in a single tax year (6 April to 5 April of the next year). This includes any ISAs you hold outside of Robinhood.
We currently only support cash transfers, which means your other ISA provider will ask you to sell investments before initiating the transfer to us.
To transfer an existing, outside ISA into your Robinhood stocks & shares ISA:
Note that you can check the transfer status anytime in your Robinhood account. For more details about how to open an ISA account and answers to frequently asked questions about our ISA, check out Stocks & shares ISA overview.
We’ll need the account details for the account you want to transfer from, and how much you would like to transfer.
Robinhood doesn’t charge a fee to transfer in or out. However some providers may charge exit or transfer fees.
No. Your remaining allowance for the current tax year stays intact. So if you deposited up to £10,000 towards your annual £20,000 allowance, an ISA transfer doesn’t change it. You’ll still have a remaining £10,000 of allowance for the tax year.
You can spread your allowance across multiple ISAs within a tax year. But keep in mind that the overall amount can’t exceed £20,000. Your ISA allowance won’t be protected if you withdraw and deposit the cash outside of the official transfer process.
Yes, check out Stocks & shares contributions for details.
You can transfer money in from a cash ISA or a stocks & shares ISA. We don’t currently support transfers from Junior ISAs, Lifetime ISAs, or Innovative Finance ISAs.
Transfers into a stocks & shares ISA can take up to 30 days.
Yes, you can choose to transfer all or part of your ISA. To transfer a portion of your ISA, you’ll need to specify the exact amount you want to transfer during the in-app transfer process.
No, just complete the in-app prompts and we’ll manage the transfer with the outsider ISA provider.
Yes, you can cancel a transfer from the transfer’s detail page. Transfers can be cancelled within 10 days of submitting the transfer request. You can still request a cancellation after this time, but it is not guaranteed that we can cancel it once the transfer process has started.
You can move cash out of your stocks & shares ISA by contacting the provider you want to move to, and completing the transfer process with them. Moving funds in this way won’t impact your tax-free allowance.
The cash in your Robinhood stocks & shares ISA is held by Quai Investment Services Limited (ISA manager) and is protected under the U.K.’s Financial Services Compensation Scheme (FSCS), up to £120,000. The scheme provides protection if an authorised investment firm is unable to pay claims against it. In the event of the failure of any third-party bank holding cash in respect of your Robinhood ISA, we will make a claim for compensation to the FSCS on your behalf.
Securities are held by Robinhood Securities, LLC, a member of the Securities Investor Protection Corporation (SIPC). The securities you hold in your Robinhood account are typically protected by SIPC insurance, up to $500,000. Explanatory brochure available upon request or at www.sipc.org.
All investments involve risks, including the loss of principal. Tax treatment depends on your individual circumstances and ISA rules, which may change. Robinhood does not provide investment advice. Individual investors should make their own decisions.