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Can I transfer an ISA to Tembo?
Can I transfer an ISA to Tembo?
Liv A avatar
Written by Liv A
Updated over a week ago

Yes, we can certainly help with transferring funds from another type of ISA to a Tembo Lifetime ISA. This could be a cash ISA, stocks & shares ISA, or a Help to Buy ISA, for example.

The best way of doing this currently is to withdraw funds from your existing ISA (do check first with your current provider on any rules or government conditions regarding the withdrawal). Then you can can add your funds to your Lifetime ISA with us at Tembo, via direct debit or as a one-off contribution.

Once you've created an account and added the funds, we'll send you an email to let you know when the money has landed.

🚨Remember that you can only deposit up to £4,000 each tax year into a Lifetime ISA, so if you've got more than this in your other ISA, you'll need to split it over multiple tax years.

Please be aware that while we process your transfer with your old provider, you won't be able to make contributions to your account - so no instant payments or direct debits. This is particularly important if you're reaching the end of the tax year and still have contributions to make.

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