Transfer to a Barclays SIPP
If you have pensions elsewhere, you can transfer them to us at any time.
Transfer your investments
If you have investments elsewhere, why not transfer them to us?
If you have investments elsewhere, why not transfer them? You’ll benefit from low annual fees, dedicated UK-based customer support and wide investment choice. Plus, your investments will be easier to manage under a single login and alongside your Barclays banking products.
The value of investments can fall as well as rise and you may get back less than you invest. Tax rules can change and their effects vary depending on your individual circumstances. You should always check the costs involved before transferring and whether you’d lose any valuable benefits.
Why transfer your investments to Barclays?
With over 300 years of experience, you can rely on us to look after your investments when you transfer to Barclays to benefit from our award-winning Smart Investor accounts.1
- View and check all your investment accounts in one convenient place and trade anytime online or within the Barclays app so there is no need to deal with multiple providers
- It’s easy. Just tell us where you are transferring from and what you want to transfer and we will do the rest
- Low fees - No charge to open the account and a simple annual customer account fee of 0.25% on investments up to £200,000 and 0.05% on investments above £200,000.
- Benefit from the support from our UK-based call centre – if you need any help or support with a transfer our helpdesk is here for you
- You could access more investments. You’ll be able to choose from thousands of funds, UK and international shares, including the US, Exchange Traded Funds (ETFs) and investment trusts or consolidate into one of our five Ready-made Investments.
How can I transfer my investments to Barclays?
Transferring to Smart Investor is simple. Just tell us where you are transferring from and what you want to transfer and we will do the rest.
- Open a Smart Investor account: to transfer in investments you will need to open the type of account you wish to transfer: a stocks & shares ISA, a General Investment Account or a SIPP
- Select “Transfer In Investments”: within your Investment ISA, General Investment Account or SIPP
- Provide your details: let us know your current provider and account details and the amount you wish to transfer.
- Transfer in cash or investments: decide if you want to transfer your assets in their current form or if you would like them to be sold and the cash proceeds transferred instead.
- We’ll do the rest: For the majority of transfers, that is all you need to do. We will then work with your current provider to move the cash/assets over. If they require signed paperwork, we will generate this for you and store it in Statements and documents for you to sign and return to us.
Transfer Timescales – The amount of time it takes to complete can vary depending on where you switch from. Typically it takes around 30 days although sometimes it can take longer.
Rest assured, if there are any delays, we will chase your existing provider to ensure the transfer completes as quickly as possible. Not all assets are transferred the same way, so you may notice some assets appearing in your account before others. This is normal and we will continue to work on your transfer until everything has been received.
What investments can you transfer?
You can transfer any funds, shares, ETFs and investment trusts held in an ISA or general investment account with another provider, as long they're available on Smart Investor.
You can also transfer shares certificates held in your name into a general investment account through the lodgement process, which will transfer your shares held in certificates to electronic shares.
Learn about Bed and ISA
A ‘Bed and ISA’ transaction is when you sell investments that you’re holding outside an ISA, then buy the same investments back within your ISA.
Lodge paper shares
Transfer your share certificates to a Barclays Investment Account and make it easier to keep track of their performance.
FAQs and further support
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If you’re transferring cash after selling your investments and maybe planning to repurchase them, remember you’ll be ‘out of the market’ for a time and there’ll be charges when you sell and reinvest.
You may also have to pay capital gains tax when you sell if your investments aren’t held in an ISA. That means you’ll miss out on any rise in value and on any income from these investments during that period. You’ll also miss out on any corporate actions such as rights issues and on voting rights as well as any Shareholders’ benefits, for example, discounts on services, which you may not receive on the same terms when you repurchase the shares.
There will be dealing charges to sell and repurchase investments. If you make capital gains outside of pensions or ISAs that exceed your annual allowances, you’ll need to pay capital gains tax. Remember, tax rules can and do change, and their effects on you will depend on your individual circumstances, which can also change.
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During the transfer process, you won’t be able to sell any existing investments. However, once the process is complete, you’ll be able to sell as normal. There will be a period during the transfer when you won’t be able to sell existing investment holdings. How long this period lasts will depend on the assets you hold, but it may also be affected by how quickly the registrar or fund manager carries out the ownership transfer and whether they’ll accept an order to sell while making the transfer.
There may also be delays in receiving dividends, other income and information, as well as delays to exercising shareholder concessions or receiving notification of voting rights or corporate actions, such as rights issues. These could affect your ability to respond where deadlines are shorter.
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To transfer shares which are held electronically with a registrar into your Smart Investor account, you may be required to complete additional paperwork before the shares can be moved. Please contact the registrar for confirmation on what paperwork is required and if there will be any charges applied by them. Any paperwork should be returned to us along with your Smart Investor Transfer form. We will then contact the registrar on your behalf to arrange the transfer.
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There are some additional elements to consider when transferring pensions. Transferring a pension doesn’t affect its tax-efficient status, but you should make sure that you don’t have to pay penalties or give up valuable benefits – and that you're aware of all the risks and drawbacks involved in this. We don’t accept transfers of defined benefit pensions (e.g. final or average salary pensions). If you’re unsure whether to transfer a pension, seek professional independent advice.
Read an explanation of drawbacks and risks to be aware of when transferring pensions [PDF, 1.7MB].
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Call us
If you have any questions, you can give us a call on 0800 279 36672.
