What is an in-specie transfer?

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.

In order to be able to initiate an in-specie transfer out from Moneybox, your new provider would need to offer the same funds/ETFs that you currently invest in with Moneybox.

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.