Transfer to myM&G

It’s quick and easy to transfer your investment(s) to myM&G

Using our transfer service, you can transfer Individual Savings Accounts (ISAs), Junior ISAs and General Investment Accounts (GIAs)/Open-Ended Investment Companies (OEICs) over to myM&G.

For ISA and Junior ISA investments, you'll keep any tax-efficient status and transferring won't count towards your allowances for the current tax year either. Please note ISA tax advantages depend on your individual circumstances and ISA tax rules may change in the future.

Once you've decided whether transferring is right for you, it's easy to transfer your investments to myM&G. We just need a few bits of information from you, and then you can leave the rest to us.

Important things to consider

Before deciding to move your investments to myM&G, here are some important things you'll want to know about:

• Your current provider might charge you to transfer your investments to us. During the time it takes to transfer, your money won’t be invested. So you might miss out on any increase in its value, but you won’t lose out if it decreases
• At myM&G we offer Stocks and Shares ISAs (not Cash, Flexible, Innovative Finance or Lifetime ISAs). If you’re transferring a Cash ISA to a Stocks and Shares ISA with myM&G, you should be aware of the differences between the two
• Your existing provider may not allow a partial transfer of your investment, you should check with them first if you only intend to move part of your investment to myM&G
• If you're transferring an unwrapped investment (for example, a General Investment Account) to myM&G, you may be liable for Capital Gains Tax on any profits you've made at the point of transfer
• As part of the transfer process we may change the share class that you're invested in. Only certain share classes are available on myM&G and the share class you'll be put into will be based on the total value of your investments held with myM&G. There's a chance that you may end up with higher ongoing charges than you were paying previously. Visit our Charges page for more information
• If you want to change your income preferences, you'll need to do this after you've transferred your investments to myM&G. If you choose income, income will be paid out, as there is no reinvestment facility on myM&G
• You'll need to cancel any existing Direct Debits with your existing provider, and set up new ones with us once your investments have been transferred over to myM&G
• If you've set up a regular withdrawal with your existing provider, this will stop, and you'll need to set up a new instruction with myM&G once your investments have transferred over
• Please bear in mind that if your transfer is cash (the funds you hold elsewhere are sold and the proceeds reinvested on myM&G), whilst your investment is being transferred it will be out of the market for a short period of time and will not lose or gain in value. However, because the value of the shares you are buying will fluctuate with the markets, this will affect the number of shares your funds will buy