An ‘in-specie’ transfer refers to a method of transferring an investment account to another provider. In-specie transfers involve moving your specific units in a tracker fund or ETF across to your new Stocks & Shares ISA/LISA provider, rather than selling down your investments and moving the proceeds across as cash. Please note that, in order for this to be available, your new provider would need to offer the same funds/ETFs that you currently invest in with Moneybox.

For transfers out, if you are investing in US stocks, please note we are unable to transfer these to your new provider in-specie and your holdings in any US stocks will need to be sold down.

In-specie transfers typically take up to 6 weeks to complete. You can also opt for a ‘mixed’ transfer, which means we transfer some of your balance across in-specie and the rest as cash.