Transfer your savings
- Bring all your savings together to see where you stand
- Helps you manage your money and plan for the future
Why combine your savings with us?
Know where you stand
Keeping savings in one place makes it easier to see how much you have. And helps you make decisions and plan for the future.
Spend less on fees
Combining your savings can mean spending less on charges, so more money stays in your investment.
One approach to investing your money
Choose from one range of ready-made portfolios regardless of which investment account you choose.
How it works
To transfer your savings to us, you must first be introduced by your wealth manager or financial adviser.
1. Be introduced
When you're introduced to us, you'll receive a personal link to get started.
2. Tell us more
Tell us about yourself, what you would like to transfer and your investment preferences.
3. Complete your transfer
Book a call with one of our Savings Specialists. They'll complete the transfer with you.
Learn more about transferring savings
There are several benefits to holding your savings and investments in one place:
- You can see exactly how much you have
- It's easier to monitor them so you stay on track
- Less paperwork
- Potentially save on fees
With us, you can make your own product and investment decisions. Or you can pay a one-off fee of no more than £500 for regulated financial advice.
You can choose from our range of ready-made portfolios. They're designed:
- for people saving for their future
- to suit different attitudes to market ups and downs
This will depend on how much you're currently paying in fees, so it's important you know that before deciding to transfer your money across.
Look out for exit fees or other penalties that might apply if you move your money. And any investment benefits or bonuses you might lose out on. That's because these could significantly reduce the value of your pension pot. Benefits might include:
- market value adjustments/reductions
- guarantees on annuity rates
- growth bonuses
- minimum retirement income
- discretionary bonus rates
- potential demutualisation bonus
The existence of such safeguards or benefits will depend on the type of investment/ pension you have.
There's a total annual charge of up to 0.75% of the amount you invest. This is made up of:
- Investment service fee of 0.52% for providing ongoing support in relation to your investment portfolio.
- Platform fee of 0.13% for running the online services that hold your investments.
- Fund charge of up to 0.10% for the operation of each of the funds within your investment portfolio.
There will be further transaction costs within the underlying funds. If you would like to take financial advice, we charge an advice fee of 0.75%, to a maximum of £500.
If you transfer an ISA or a pension from a previous tax year it won't count towards either your annual ISA allowance or annual pensions allowance. But any money you've paid in this tax year will count. Tax rules are set by the Government, and may change in the future.
No, your existing provider will need to sell your investments and then transfer the cash to us. We'll then reinvest it in your choice of portfolio.
This does mean that your money will be held in cash for a few days. Depending on market movements, the cost of investing in the new funds will have changed up or down during this time.
How long this takes depends partly on the provider you’re transferring from. Once Hubwise receive your money, they'll take up to five working days to invest it. So if it takes your provider five working days to sell your investments and transfer the cash, your money will not be invested for up to 10 working days in total.
What would you like to do next?
I'd like to transfer my savings
To transfer your savings, you'll need to be introduced by a wealth manager or financial adviser. They'll give you a link which takes you to our transfer form. If you want to know more, please talk to our Savings Specialists.
Which portfolio is right for me?
If you're not sure which portfolio best suits your needs, we offer one-off financial advice to help you understand your investment preferences.
Important information
There are important considerations when transferring your money. These are covered in detail in the “Learn more about transferring savings” section below.
Remember that the value of your investment can go down as well as up and you could get back less than you invest. The information on this website should not be taken as a recommendation, advice or forecast. However, we do offer regulated financial advice if you're unsure about investing. Ask our Savings Specialists for more information about this service.
The tax you pay will depend on your personal tax position, and tax rules are subject to change by the UK Government. This is not tax advice. If you need more information, please speak to a tax adviser or an accountant.