Transfer your ISA to Foresters

Our ISA is affordable and easy to invest in, with an online account to help manage your Plan and reach your savings goals.

Download the ISA transfer form 

Husband and wife on their laptop applying for an ISA with Foresters
Investment decisions made for you by the experts at Schroders

Investment decisions made for you – Schroders

 

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Our customers rate us 4.7 out of 5 stars

 

Foresters have been taking care of family finances for over 140 years

Taking care of family finances for over 145 years

 

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Saving for a brighter future

Transfer your ISA to Foresters and join a mutual organisation who make investing simple and affordable. We are more than just a financial services organisation, our Purpose is to help people save, protect their families and give back to our members and the communities they live in. 
 
Our ISA gives you the option to save in a Stocks and Shares ISA, a Lifetime ISA, or save in both so that your savings can be managed within one Plan. You need to be over 18 and UK resident, and for the Lifetime ISA element under age 40, to open one. 
 
Start saving from as little as £20 in a professionally managed fund, where the experts at Schroders will make the investment decisions for you, with a risk-controlled, sustainable approach. No more than 60% will be invested in shares - reducing the effects of market fluctuations but giving the opportunity for growth.
stocks and shares isa with Foresters 

Our Stocks and Shares ISA element

A Stocks and Shares ISA is a tax-efficient savings account which allows you to save up to £20,000 this tax year. By investing in a Stocks and Shares ISA there is potential for growth which doesn’t count to your overall tax allowance.

If you are investing for the medium to long-term, our ISA may be more suitable for you, by offering more potential for growth rather than saving in a bank or building society account where inflation could eat away at the interest made. 

With savings starting from as little as £20, the Stocks and Shares element could be the best way for you to meet your savings goal; whether this is saving for the future, a rainy day or something more exciting,our Stocks and Shares ISA could be a great way for you to build up a lump sum.

Although we recommend that you invest for the medium to long-term, you have the flexibility to make encashments whenever you need to.

Download the ISA transfer form

 

Foresters Lifetime ISA 

Our Lifetime ISA element

The Lifetime element is available to anyone aged between 18 and 39, and was introduced by the Government to help first-time buyers get on the property ladder and/or to build additional savings for later on in life.

The Government offers a 25% bonus added to all amounts invested into the Lifetime element, up to the maximum £4,000 per year, meaning the Government will contribute up to £1,000 each year.

As the Lifetime ISA limit applies to each individual, you and a partner (if eligible) can have a separate Lifetime ISA and combine your savings to purchase a first home together in the UK worth up to £450,000.

If you are saving for later on in life, you can contribute up until age 50, and the Government will continue to contribute up to this age as well. Encashments are tax-free any time after your 60th birthday.

Download the ISA transfer form

Ladies sitting on sofa looking at ISAs

Transferring to our ISA

Whether you have a Cash ISA or Stocks and Shares ISA you can transfer to us. We don’t charge entry, exit or transfer fees. At the current time, we do not accept transfers from Lifetime ISAs to our Lifetime ISA element. If you would like to transfer to our ISA please read the important documents and complete the ISA transfer form. 

Download the ISA transfer form 

Important documents

   ISA Brochure

   ISA Key Information Document

   ISA Terms and Conditions

 

If you already have an online My Plans account with us, you will be able to view your ISA online when you make your ISA transfer. If you do not have a My Plans account once you have received your Plan number and Plan Document you can activate your My Plans online account.

We provide a personal financial planning service either face-to-face or by video appointment, where one of our Financial Advisers can discuss your options at your convenience.Discuss your options with one of our Financial Advisers >

A Lifetime ISA must be held for at least 12 months before using it towards the purchase of a first home. By saving into a Lifetime ISA instead of a workplace pension, you could lose the benefit of employer contributions and the value could affect any entitlement to means tested benefits. If you make an encashment before age 60, other than to purchase your first home, you will pay a government penalty of 25% on the encashment amount, and you may get back less than you paid in. Tax treatment depends on individual circumstances and may be subject to change. As with all stock market investments the value of your ISA can fall as well as rise.

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