If you’ve been investing regularly into Lifetime ISAs since they were introduced in 2017, you may have built up a portfolio of them and a quick review may show they don’t meet your current investment needs;
- Performance of your investment may not have delivered as you expected
- You may be looking for a more growth orientated investment
- Your portfolio may be too focused on a single strategy and you’d like to diversify further
Consolidating your Lifetime ISAs with a single provider can help you to reduce your overall cost for your Lifetime ISA portfolio as well as make administration and monitoring much easier.
At BMO we only have a single annual charge no matter how many tax years’ Lifetime ISAs you hold with us.
The transfer process is easy – all you need to do is complete a transfer form and we’ll take care of the rest. The process must be complete within 30 calendar dates of us receiving your transfer request. And don’t worry if you’re expecting a government bonus on your existing Lifetime ISA with another provider – BMO can still claim this for you as the receiving Lifetime ISA manager. Transfers must be in cash.