We’re moving to Barclays Smart InvestorOn 28 August, Barclays Stockbrokers will be replaced by Barclays Smart Investor, the new direct investing service.
If you’d like to transfer any investments in or out of your existing Barclays Stockbroker account(s), please make sure all forms are with us by 18 August. Any transfer requests received after this date will be completed on Barclays Smart Investor and may take a little longer than normal.
Transferring your investments is easy
We’ve made transferring as easy as possible. You can transfer individual investments and whole accounts.
Why transfer your investments?
How long will it take?
Our transfer team organises everything after we’ve received your form. We’ll also tell you how the transfer is progressing.
You can contact your current provider to ensure they’re processing your transfer as quickly as possible.
The actual time needed depends on a number of factors, including:
What are the transfer costs?
Simply send us proof of the transfer costs that you’ve paid, after the transfer. We’ll refund up to £500 for any exit fees you may incur. This usually takes about two weeks.
Refunds can be made into your chosen bank account or by cheque. They can also be added to your Barclays Stockbrokers MarketMaster. You can view the terms and conditions of this offer here.
Why choose Barclays Stockbrokers?
We offer a wide range of investments to match your objectives and give you access to over 2,000 funds from more than 100 providers at no initial charge. We also offer shares, gilts, bonds, Exchange Traded Funds (ETFs) and Exchange Traded Commodities (ETCs).
With Barclays Stockbrokers you’re in control. You can view all your investments online, in one place, whenever you like.
What can I transfer?
You can transfer cash, individual investments like stocks or funds, and one or more investment accounts including Investment ISAs, Cash ISAs, Trading Accounts and SIPPs.
We don’t accept defined benefit pensions, but you should carefully consider whether or not you’re giving up valuable benefits before you start any transfer, and pension transfers in particular. This generally means that only the pension types listed below may be suitable for transferring to a SIPP. If it’s a workplace scheme and you’re still an active member, you’re likely to give up important benefits it you transfer. For example your employer will be making contributions on your behalf and there are likely to be spouse’s pensions and death benefits associated with it.
If you’re transferring in cash, having sold your investments perhaps intending to repurchase them, remember:
If you’re transferring existing investment holdings:
ISAs and pensions
Transferring your ISAs and pensions doesn’t affect their tax-efficient status. But you should make sure that you don’t have to pay penalties or give up valuable benefits. Tax rules can change and whether they benefit you will depend on your circumstances.
We don’t accept transfers from a final salary pension scheme, because it's unlikely to be in your best interests to move it.
Things to know before transferring cash ISAs
You should think carefully about whether you’re prepared to accept the higher risks that come with choosing your own investments to put your pension money in. The value of investments can fall as well as rise. You may get back less than you invest. If you’re unsure, we recommend you ask for independent financial advice.
Things to check before transferring pensions:
Switching funds into clean share classes
If you transfer funds to us that are in a bundled share class (so-called because they charge a higher Annual Management Charge (AMC) which incorporates the fee earned by the fund manager for running the fund and the amount previously paid to cover administration of the investment), they’ll be switched within your Barclays Stockbrokers account to the equivalent clean share class. These are holdings within the same investment fund but generally have lower charges as they don’t include any provision for administration fees in the AMC, since regulation now requires that these are now charged separately. A switch is the sale of your bundled holdings to buy the clean share class.
Simply select the type of account your investments are held in or the type of account you want to transfer:
If you want to transfer more than one account, please reselect each one and complete the relevant form
2. Complete your form
Having chosen your account in step 1, click on the relevant button below. Please complete the form, print, sign and send it to us.
3. Send it to us
Once you’ve completed the form, please sign and send it to the address below. We’ll take care of the rest.
300 Bath Street
If you’d like us to help, please call our transfer team on 0808 256 3849*. You can also leave a message and ask them to call you when it suits you.