How to Meet ISA Transfer Incentive Thresholds

20122013

I was looking at Barclays Smart Investor (NLA) ISA Transfer Incentive, on the online form I cannot see the option for entering the amount of monetary value to transfer in. I can only see the number of units. As such how many extra unit would be safe to transfer would it be 10% over the minimum requirement?

If I am looking at £5000 Value of assets transferred, and on day of completing the online transfer form the unit equates to 1000 units (£5000), would 1100 unit be a safe amount to transfer (market fluctuations) ?

Out of interest, is there an option to enter the monetary value? as I am hoping to transfer into take advantage of other ISA transfer incentives

https://www.barclays.co.uk/content/dam/documents/smart-investor/smart-investor-transfer-in-cashback-faq.pdf

masonic

Could your investment fall more than 1% over a few weeks? If so, 1% would not be a safe margin. 1100 units is 10% more than 1000 units, and that is a better margin, but only you know which investments you will move.

It would be impossible to enter a specific monetary value when you are transferring investments, because that would require the investment not to gain or lose value during your transfer. It is unlikely you'd be able to arrange that.

20122013

https://forums.moneysavingexpert.com/discussion/comment/81895242#Comment_81895242

This is useful to know, so may be make the buffer to 20%. Barclays has said that the transfer will take around 30 days.. probably the same for HL and Fidelity.

Am I correct in thinking to transfer 'in speice' and do a partial transfer as I do not want to transfer all to the new provider as it is currently with ii.

When I was using an IFA (a while ago now) I was asked how much money I want to invest. was this correct?

eskbanker

If you're transferring investments in specie between ISAs then it effectively has to be a number of units nominated - depending on exactly what the investments are it may not even be possible to deal in fractional shares.

When depositing cash into an investment wrapper it'll be a sum of money, and it may be when buying the investments too - these are different processes from an in specie transfer entailing liaison between two providers.