ISA Transfer

If you want to transfer an ISA and keep the tax-free benefits, we will do the hard work for you.

How to transfer

Download and print the relevant ISA transfer form below and send the completed copy to us by email (info@mpfs.org.uk).
Alternatively you can post it to: MPFS, Central Court, Knoll Rise, Orpington BR6 0JA (we can send you a form if you are unable to print one).
Once we have received your form we will do the rest and keep you informed throughout the process.
When your ISA has been transferred, we will send you your certificate.

Please note that the process may take up to 14 days.

Download your transfer application form

Lump Sum ISA Transfer

Transfers of £5,000 or above can be moved into our Lump Sum ISA. Remember ISA transfers have no upper limit and previous years contributions do not impact your current ISA allowance.

Learn more

Monthly Savings ISA Transfer

Transfers with a value of at least £500 can be moved to our Monthly Savings ISA. If you are looking to transfer less than this, contact our team and they will be happy to help.

Learn more

Lifetime ISA Transfer

If you are looking to transfer funds into our Lifetime ISA, you can find the rules along with our transfer application form in the “What are the rules on ISA transfers into my Lifetime ISA?” section.

Learn more

Why choose us?

It’s easy to transfer to us – so be sure to find out just what your ISAs are earning and ask yourself if you’re getting the most out of your hard-earned savings.

When it comes near to the new tax year, newspapers are full of ads from banks promising very enticing rates of return on their ISAs. But hidden in the small print you may find that this rate applies to the first year only. After that the rate may plummet to something less than attractive. And remember you may have your ISA or ISAs sitting there for years.

Our Lump Sum ISA is a Stocks and Shares ISA and as such does not offer an annual ‘rate’ but instead adds annual bonuses and an extra final bonus when you cash it in (over the medium to long term).

The bonus rates depend on a number of factors, but in general they reflect our long-term investment returns. You can see the past performance of our ISAs here

Police in hi-visibility jackets policing crowd control at a UK event

Why transfer?

You can easily transfer your ISA(s) from your current provider to us should you in any way feel dissatisfied with your returns or other aspects of your plan(s).

It may pay to check your current ISA rates and contracts as many high street providers offer great rates of return in the first year to attract customers only to drop them right down after this. As a fair and transparent financial services provider, we do not engage in this practice. All our current ISA rates and past performance are clearly stated, while subsequent bonus rates depend primarily on the performance of our investments.

FAQs

Yes, you can transfer your ISA to us at any time, and you can move between different types of ISAs.

Always check with your current provider to see if they charge any early withdrawal fees, particularly if you are trying to move funds out of a fixed-rate account before its maturity date.

You can transfer any type of ISA, however please note the Government would apply significant penalties should you choose to transfer a Lifetime ISA into any other ISA type.

You can transfer all or part of your ISA at any time. It can be to a different type of ISA or the same type. The investment can have been made this year or in previous years.

You can transfer some or all of your ISA money saved in previous tax years to our ISA without affecting your current year’s annual ISA investment allowance.

For example – let’s say you have a total of £9,000 saved in Cash ISAs from previous tax years, and you plan to invest your full year’s ISA allowance of £20,000 into our Investment ISA. In the same tax year, you are allowed to transfer some or all of the £9,000 to our ISA, without breaching the maximum limits.

Yes, but any additional contibutions will take up part of your ISA allowance for the current tax year.

Yes, just complete the relevant transfer form and send it to us by email or post.

Our members ISAs are invested to deliver a better return that cash but with lower risk and volatility when compared to a pure Stocks and Shares investment.

This is fund spreads investments across a range of assets to help manage risk and deliver attractive returns over the long term (typically 5–10 years or more). Independent professional fund managers oversee the investments on the Society’s behalf.

It is important to note, with our members money in life insurance policies, their savings and investments are fully protected by the Financial Services Compensation Scheme (FSCS) under the insurance rules and not capped at £120k like banks and building societies.

Yes you can open multiple ISAs of the same type in the same tax year (Lifetime and Junior ISAs excluded). Please ensure you remain within the current ISA allowance across all ISAs held.

Our ISA is flexible. You can vary or suspend monthly payments with complete freedom and no penalty.

Yes. They have their own ISA allowance, even if they are not working. If you have used all your ISA allowance, then it makes sense to use their allowance too. But any money they subscribe must be their own.

Children over 18 can take out plans with the Society (see Eligibility for more information). We also offer a Junior ISA whereby an adult can save or invest on behalf of a child. We also have a regular savings plan for young children, called the Children’s Saving Plan.

As a NARPO Member, I’m proud to say that Police Friendly & Metfriendly has delivered financial security for me and my family.

Craig Haslam, DL FGPT, Retired Chief Superintendent

Your presenters were really good and explained what can be complicated and complex matters, in a simple and easy to understand format.

Pre-retirement seminar attendee

Little bits of saving down the line can make a huge difference to your family, whatever the future brings.

Emma Richards, third generation Retired Police Officer, Police Friendly & Metfriendly Non Executive Director

I have always been pleased with the returns from my Police Friendly & Metfriendly Policies.

Mr P Payne

With the Government’s Lifetime ISA bonus and my family chipping in, I was able to buy my first home sooner than I ever dreamed.

Mr B

Great opportunity for family Members to be offered the same offers as Members.

Miss A McLeary