The Netwealth Stocks and Shares ISA

The first step is to register with Netwealth and design your investment, selecting the risk level for your ISA portfolio. Once your ISA is created, our client service team will be in touch to confirm the next steps but this should normally be available to fund within 1 business day. You can make one-off payments as well as set up a monthly direct debit.

Once you have opened your Netwealth Stocks and Shares ISA, you can easily transfer one or more existing ISAs to us. Our client service team will send you a pre-filled form to complete and once received will take care of contacting your current providers.

ISA transfers vary depending on the provider and the type of ISA you are transferring. You should allow up to 15 business days for a cash ISA and up to 30 days for a stocks and shares ISA.

This will depend on your existing ISA provider but for prior tax year ISAs you can often make a partial ISA transfer. Current tax year contributions must be transferred in full.

There are no charges by Netwealth for transferring in an ISA. However, you should check with your existing provider as some providers do levy exit charges. Please contact advice@netwealth.com if you would like us to look into exit charges applied by your existing provider.

The minimum investment to become a client of Netwealth is £50,000. This however can be made up of different account types as well as include both cash deposits and transfers from other providers. The minimum portfolio size for an ISA is £5,000 or £1,000 for a JISA. If you are unsure about meeting the minimums or have any questions, please set up a call with one of our client advisers. You can transfer stocks and shares, cash and innovative finance ISAs held with other providers.

As part of the transfer process we will instruct your existing provider to sell your current ISA holdings and transfer the cash proceeds to us. Once received we will invest these within 24 hours into your chosen risk level.

Our website and mobile app are available for you to view your holdings, transactions and the performance of your ISA investments.

Yes, we offer both one-off and annually recurring transfers from your General Investment accounts to your ISA and any JISAs. These can be set up and managed via the ‘Tax Allowances and Services’ section of your online account.

The ‘Tax allowances and Services’ section of your online account allows you to monitor your ISA and JISA allowances remaining during the tax year to ensure that you can maximise these before the end of the tax year.

Yes, you are free to withdraw your money at any time; however please note that the Netwealth Stocks and Shares ISA is not a flexible ISA therefore if you are withdrawing money deposited in this tax year then your ISA allowance will remain used.

If you decide to transfer your ISA away from Netwealth to another provider then please do not withdraw the funds as they will contact us directly to arrange the transfer.

The ISA stays open and remains tax-free until it is closed by your executor and passed on to your beneficiaries. If you have a spouse or civil partner, when you die they also inherit an additional ISA allowance up to:

• the value held in the ISA when you died
• the value of the ISA when it is closed

Therefore assuming the ISA passes to a spouse or civil partner it maintains its tax-free status.