Forester Life

Thank you for your interest in transfering your ISA to Forester Life.

 

You can transfer all or part of your existing ISAs from previous tax years, from any company, to us.

Even if you have paid into another ISA in this tax year, you can still transfer to a Forester Life ISA. By transferring the subscriptions made so far in this tax year, you can then subscribe up to the remainder of your ISA allowance into your Forester Life ISA.

Remember, if you only have a Cash ISA elsewhere you can still open an online Stocks and Shares ISA with us just as long as the combined subscriptions do not exceed your ISA allowance.

So if you are eligible, why not consider opening our online Stocks and Shares ISA first, which will allow you to take advantage of online servicing, and then transfer any existing ISAs to us?

> Read about our online Stocks and Shares ISA

Did you know?

  • You can have both a Cash ISA and a Stocks and Shares ISA as long as your combined contributions do not exceed £15,240 this tax year
  • You can open our online Stocks and Shares ISA even if you have a Cash ISA elsewhere in the same tax year without needing to transfer first
  • Transferring previous years’ ISA subscriptions do not affect your ISA allowance for this tax year.

Important Information

  • Please read the Key Features, Terms & Conditions and the important information on this webpage before transferring.
  • If you decide you want to take money from an existing ISA to invest with us, it is important to make sure you transfer your ISA allowance, rather than withdrawing the funds yourself to re-invest. If you were to withdraw the funds they would lose their favourable tax-treatment and reinvestment would be limited to your current year’s ISA allowance.
  • If you are transferring from a Cash ISA, you should note that there will now be some risk to your capital.
  • The information we provide does not constitute advice. We do not give advice on transfers, so if you are in any doubt, please seek financial advice.
Transferring to us is simple. Just complete the form below and send it to us via the Freepost address shown at the top of the form.

We will then contact your existing provider for you to transfer your ISA to a Forester Life Stocks and Shares ISA.

Important Documents

Key Features for our Individual Savings Account

Key Features

View the Key Features of our Individual Savings Account (ISA)
Download now >

Terms and Conditions for our Individual Savings Account

Terms & Conditions

View the Terms & Conditions of our Individual Savings Account (ISA)
Download now >

Foresters Individual Savings Account transfer form

Forester Life Individual Savings Account Transfer Form

PDF Document, 240kb
Download >

Your questions answered

I have paid into a Cash ISA this tax year, what are my options?

As long as you have not paid your entire ISA allowance into a Cash ISA this year, then you are likely to still be able to open an online Stocks and Shares ISAs with us. If you have fully-funded a Cash ISA this tax year you are still able to transfer it to us. However, we are currently unable to offer online servicing to ISA plans opened by transferring in this way.

I have already paid into a Stocks and Shares ISA elsewhere this tax year, can I still transfer to Foresters?

You are still able to transfer existing ISAs to us. However, we are currently unable to offer online servicing to ISA plans opened by transferring in this way.

What are the charges for making a transfer?

We do not make any separate charge for accepting or making transfers. However, your existing provider may apply a charge. The ongoing charges for the Forester Life ISA are detailed in the Key Features document.

What happens after I apply to transfer?

Once we receive your form, we will act upon your instructions so that your existing ISA(s) can be transferred to us.

Can I manage a transferred ISA online?

If you have opened our online Stocks and Shares ISA first, or if you are eligible to do so, then you can. Once your online ISA has been opened, you can transfer in any existing ISAs which can then also be managed online. However, if you do not open an online ISA with us first, but still transfer an existing ISA to us, then online servicing will not be available, although we plan to introduce this ability for ISAs transferred in this way in the near future.

Your ISA questions answered

What is a Stocks and Shares ISA?

A Stocks and Shares Individual Savings Account (ISA) is a ‘wrapper’ that can be put around a wide range of different savings and investment products to help save you tax. With ISAs, you can build up your savings free of personal liability to Income and Capital Gains Tax regardless of the rate at which you typically pay tax.

What is the Forester Life ISA?

The Forester Life ISA offers a flexible and simple way to invest in Stocks and Shares, whatever your budget. Designed for low-cost stakeholder savings, you can save from as little as £20 to up to £15,240 in the 2015/2016 tax year. Stakeholder investment schemes were introduced by the Government to offer consumers straightforward, low cost, risk-controlled products which meet certain standards. The Forester Life Stakeholder Managed Funds aim to achieve medium to long-term growth consistent with stakeholder standards for ‘risk-controlled’ investment.  The Funds include investments which consist of shares, index linked and other fixed interest securities designed to provide growth potential without undue risk.

Am I eligible to take out an ISA?

Under current legislation, you are eligible for a Forester Life ISA if you are aged 18 or over and a UK resident for tax purposes. The ISA allowance applies to every individual, so if you have a partner they can also take advantage by starting their own tax-efficient savings. You must remain a UK resident to continue your contributions to an ISA.

What’s the difference between a Cash ISA and a Stocks and Shares ISA?

A Cash ISA is similar to a regular bank or building society savings account, but with special tax advantages – your savings grow free from Income and Capital Gains Taxes. Our Stocks & Shares ISA invests in risk-controlled stakeholder funds which include a spread of stocks and shares, so your returns can vary. Both Cash and Stocks and Shares ISAs benefit from favourable tax treatment.

Which one could be right for me?

Stocks and Shares ISAs could be more suited to those looking to save for the medium to long-term.

What are the individual circumstances where I may be taxed?

As long as you stay within the ISA rules, you will not have to pay any tax on the gain you make from your ISA savings/investment.

How can I save into my Stocks and Shares ISA?

Single contributions can be made by debit card or direct from your bank (via Direct Credit), or you can set up monthly contributions by Direct Debit.

What are the charges?

The only charge on our Stakeholder ISA is an Annual Management Charge of 1.5% of the fund value per annum, and reduces to 1% per annum 10 years after the first contribution. The Forester Life Stakeholder Managed Funds meet government-set stakeholder standards, which means more of your money is invested for your benefit.

Can I have a Cash ISA and a Stocks and Shares ISA at the same time?

Yes, as long as total deposits don’t exceed the ISA limits in each tax year.

I’ve already got a Stocks and Shares ISA. What can I do?

You can transfer it into a Forester Life ISA, if you want to. Forester Life does not charge for transfers. Transfer your Cash or Stocks and Shares ISA to Foresters >

How long should I invest in a Stocks and Shares ISA?

Your ISA has no specific term but should be seen as a medium to long-term investment. You should aim to invest for at least five years. Don’t forget, after 10 years you benefit from reduced charges.

Can I contribute to more than one Stocks and Shares ISA in the same tax year?

No. The information on our website is provided for information purposes only.  It is not financial, investment, tax, legal or any other type of advice. Any decision you make to apply for a Forester Life ISA is entirely yours.

What you should know

Here is some useful information on managing your Forester Life ISA:
  • 24/7 access to your account – Once your application has been processed, you can access your account details 24-hours a day, so you can see what it’s worth, make additional payments and view all your statements and documents.
  • Keeping up with inflation – We automatically increase the amount of your regular savings each year by a minimum of 2.5% to help keep pace with inflation. So there is one less thing for you to remember. We will write to you each year before this happens so you can cancel the increase if you wish.
  • Flexible savings – Our ISA allows for a flexible savings habit. You can increase or decrease your monthly contribution and save additional single contributions whenever you want.

Any other questions?

Please call us on: 0333 600 0333 8:30-5:00 Mon-Fri Local rates apply

Already making the most of your ISA allowance?

You can still access our investment expertise, and the benefits of Stakeholder saving, through our Savings & Investment Plan which aims to provide medium to long-term investment growth in a risk-controlled fund.
  • Low cost stakeholder saving and investing from as little as £20
  • No maximum savings limit
  • An option for customers who wish to save or invest over and above their ISA allowance
Find out about our Savings & Investment Plan >
Foresters Financial Sense and Simplicity
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