Our Simple ISA Transfer Process
Register on our website
Enter your details and complete our simple registration process. Read, Understand and agree to the IFISA Terms and Conditions. Enter you NI number and select your existing ISA provider.
ISA transfer details
Complete information about the ISA you are transferring. Type of ISA, existing ISA account number and how much you wish to transfer. Submit your ISA transfer request.
Print, Sign and Post
Print your ISA Transfer Request Form, checking all the details are correct. Sign and date the form and then pop it an envelope and post it first class to PANACEA investments.
Invest your funds
We will then complete the transfer process for you and let you know when your funds are in your wallet so you can login, choose an ISA eligible deal and invest.
PANACEA investments enables investments which are tax free via specific tax wrappers.
Existing ISA
You can transfer your existing ISA to any IFISA eligible PANACEA investment.
Having an existing ISA means, that if you wish you can transfer more than the annual £20,000 allowed for new ISA's.
Click below to watch our video on how simple it is to create your account and transfer an existing ISA.
New IFISA
Using an IFISA you have the opportunity to invest up to £20,000 in bonds or other debt instruments on the PANACEA investments website in any given year.
Every UK resident over the age of 18 has an annual ISA allowance of £20,000 all of which can be invested in an IFISA.
If you would like to take advantage of your annual allowance simply choose an ISA eligible deal and select Invest Within IFISA during the investment process
Tax benefits of an ISA / IFISA
The gains and income accrued within an ISA are not subject to tax in the UK.
If you are paying 40% tax for instance you will save £400 for every £1,000 of interest earned.
Tax-free status is individual and subject to changes in legislation. Please consult a tax professional if you are uncertain about your eligibility.
If you are paying 40% tax for instance you will save £400 for every £1,000 of interest earned.
Tax-free status is individual and subject to changes in legislation. Please consult a tax professional if you are uncertain about your eligibility.
SIPP / SSAS
If you would like to invest with PANACEA via a SIPP or SSAS then please contact us directly by emailing [email protected] or calling 0800 033 7679 for further information on the process as it is not currently possible to invest via a pension scheme on the PANACEA investments platform.
Please note that if you are unsure about the information provided or what action you should take you should seek advice from a qualified independent and authorised financial adviser.