Transfer your pensions, ISAs and GIAs

We don’t charge you to transfer an account from another provider to us. You should always check with your current provider if they charge an exit fee, though, as some providers do. We’ll never charge you an exit fee either, so there’s no charge to transfer into CMC Invest or out from us to another provider. Under certain circumstances, we may cover your exit fees when you transfer to us.

Yes, you can. You can transfer a fixed-rate ISA before or after the maturity date (when the fixed-rate ISA ends). However, it's essential to be aware that transferring a fixed-rate ISA before its maturity may incur an early closure charge from your current provider.

We’ll just need a few basic details from you, including your current provider’s details and your account number (sometimes called your account reference or client ID) with them. You’ll also need to choose the type of account you want to transfer to us.

You can only transfer a general investment account with another provider into your CMC Invest general investment account. You can transfer cash, stocks & shares or an innovative finance ISA into your CMC Invest Stocks & Shares ISA.

You’ll also need to choose whether you want to do a full or partial transfer – partial transfers take a little longer as you’ll need to tell us which assets and cash amounts you want to transfer in. This method is for transfers from UK brokers. If you want to transfer from a different source, we can arrange this and communicate the requirements via secure message in our app.

No, transferring an existing ISA from another provider to us doesn’t count as a new contribution towards your ISA allowance. When you transfer, we’ll get what’s known as an ‘ISA history form’ from your current provider. This tells us how much of your ISA allowance you’ve used for the current tax year, so we can apply it to your account with us. Once your transfer is complete, you’ll see the allowance on your CMC Invest ISA account update to the allowance used at your previous provider.

Transfer times can vary by account type, holdings, and your current provider's processes. Transfer requests typically follow the below times:

Timescales for General Investment Accounts and SIPPs can vary depending on the assets being transferred and how quickly the current provider/scheme completes the required steps. Transfer times are influenced by:

• The account type

• The assets held in the account – cash-only transfers are typically faster than moving funds or shares

• How quickly your current provider responds to our requests, as well as any outstanding fees you may have with them

• Whether any additional checks are needed, or if we or your current provider need further information or documents from you before the transfer can progress

We’re growing our investment universe, so you might not currently have access to all the markets you're invested in. If you want to transfer over an investment that we don't yet offer, we’ll try to add that investment to our app when possible. You can also choose to either leave your asset at your current provider or sell it and transfer the proceeds across to us as cash, which you can then reinvest.

If you want to transfer a mutual fund that’s exclusive to your current provider, we’ll ask you if you’d like to convert that asset to a common fund class that we are able to hold. As with shares, you also have the option to leave that asset at your current provider or sell it and transfer the proceeds across as cash.

If your current provider requires you to complete additional forms to transfer to us, you can use the information below to help.

• Name of Receiving Scheme/Provider = CMC Invest SIPP

• The telephone number for Receiving Scheme/Provider = “insert client service number”

• Contact name at Receiving Scheme/Provider = Transfers Team

• Name of Receiving Scheme Administrator = Quai Administration

• Telephone number for Receiving Scheme Administrator = 01733 305740

• Contact name at Receiving Scheme Administrator = Wealth Management Team

• Address of Receiving Scheme Administrator = 16 Tesla Court, Innovation Way, Peterborough, PE2 6FL

• MRC reference number = 20008032RK

• FCA registration number = 948126

For further assistance, contact us at +44 (0)20 3003 8303, Monday to Friday 07:30 to 21:30.

Yes, CMC Markets Investments Limited (registration number 948126) is fully authorised and regulated by the Financial Conduct Authority (FCA) in the UK. Retail client money is held in segregated client bank accounts, and money held on behalf of clients is distributed across a range of major banks, which are regularly assessed against our risk criteria.

Under the FCA's client money rules, we're required to segregate client money from our own funds (unless you agree with us otherwise). The money held in segregated bank accounts does not belong to us and will be held in a way that enables it to be identified as client money. Learn more about client money regulations.

In the UK, if you have a Stocks & Shares ISA or Self-invested Personal Pension (SIPP), you don’t need to pay capital gains tax on any profits you make from selling investments, or dividend tax on income you receive from companies.

Any profits and dividend income you make through a General Investment Account is taxable. This will be shown in your ‘consolidated tax certificate’, which you'll receive from us following the end of each tax year.

Tax treatment depends on your individual circumstances and may be subject to change in the future.

Visit our contact us page for details on how you can get in touch with us.