FAQs

Transferring to Orbis Access

TRANSFER AN ISA OR A JUNIOR ISA

How do I transfer an existing ISA or Junior ISA to Orbis Access?

To transfer an ISA or Junior ISA you may have with another provider to Orbis Access, you first need to have an ISA or Junior ISA with Orbis Access.

Already have an Orbis Access ISA or Junior ISA?

Sign in to your Orbis Access account. There is a link on your account overview page to start the transfer. All you have to do is fill out the online form, print it off, sign it and post it to us. We’ll do the rest. You don’t even have to contact your previous provider.

Don’t have an ISA or Junior ISA with us yet?

If you don’t have one with us, no problem. You can set one up online in a few steps. Register for an Orbis Access ISA or Junior ISA.

Once you’ve done this you’ll then see a link on your account overview page to start the transfer. Fill out the online transfer form, print it off, sign it and post it to us. We’ll do the rest. You don’t even have to contact your previous provider.

What do I need to know before transferring my existing Stocks & Shares ISA?
  • Stocks & Shares ISA balances from the current tax year must be transferred in full.
  • Stocks & Shares ISA balances from previous tax years can be transferred in full or in part.
  • Any investments you wish to transfer from your existing Stocks & Shares ISA will first be sold by your current ISA provider and the cash proceeds will be transferred to your Orbis Access Stocks & Shares ISA. You can then invest the money into our funds.

The ISA limit for the 2016/17 tax year is £15,240.

What do I need to know before transferring my existing Cash ISA?
  • Cash ISA balances from the current tax year must be transferred in full.
  • Cash ISA balances from previous tax years can be transferred in full or in part.

The ISA limit for the 2016/17 tax year is £15,240.

What do I need to know before transferring a Junior Stocks & Shares ISA?

Please remember, your child can only have one Junior Stocks & Shares ISA at any given time. This means when you transfer a Junior Stocks & Shares ISA to us, you will have to transfer the entire amount in that account. If you do this, your current provider will first sell any investments in that account and the cash proceeds will be transferred to your Orbis Access Junior Stocks & Shares ISA. You can then invest the money into our funds.

The Junior ISA annual allowance for the 2016/17 tax year is £4,080.

What is Orbis Access’ fee free Junior Stocks & Shares ISA offer?

To help get your child’s investment off to a great start, any amount you transfer to us from an existing Junior ISA or Child Trust Fund (CTF) will be invested free of our performance fee until the account matures into an adult ISA. Plus, anything you add to your Orbis Access Junior Stocks & Shares ISA in the first year of opening the account will also be invested free of performance fees for the life of the Junior ISA. Our Junior ISA 

Remember, the value of investments in your Stocks & Shares ISA may go down as well as up, so you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Also be aware that the level of tax savings in an ISA will depend on your personal circumstances and tax rules can change over time.

Transfer a CTF

What is a CTF?

Child Trust Funds (CTFs) were introduced by the Government in 2005 to give children a tax-free lump sum at the start of their adult life. They were provided for children born between 1 September 2002 and 2 January 2011.

CTFs were withdrawn in 2011 and replaced by Junior ISAs. However, Junior ISAs were not available to children with a CTF until 6 April 2015, when it first became possible to transfer a CTF to a Junior ISA. Find out more about CTFs on gov.uk.

What type of CTF do I have?

Three types of CTFs were available, but a child could only have one. Your CTF provider can tell you which of the following it is:

  • Cash
  • Stakeholder
  • Non-Stakeholder

Stakeholder and Non-Stakeholder accounts can hold stocks and shares.  Any of these accounts can be transferred into an Orbis Access Junior Stocks & Shares ISA.

Does my child have a CTF?

If your child was born after 2 January 2011, or before 1 September 2002, they will not have a CTF. Children born in the UK between these dates will have one.

You can get help finding CTFs on gov.uk if you’ve lost track of one or forgotten who provided it.

How do I transfer my CTF to Orbis Access?

To transfer a Child Trust Fund (CTF) you may have with another provider to Orbis Access, you need to have a Junior Stocks & Shares ISA with Orbis Access.

Already have an Orbis Access Junior ISA?

Sign in to your Orbis Access account. There is a link on your account overview page to start the transfer. All you have to do is fill out the online form, print it off, sign it and post it to us. We’ll do the rest. You don’t even have to contact your previous provider.

Don’t have a Junior ISA with us yet?

If you don’t have one with us, no problem. You can set one up online in a few steps. Register for a Junior ISA.

Once you’ve done this you’ll then see a link on your account overview page to start the transfer. Fill out the online transfer form, print it off, sign it and post it to us. We’ll do the rest. You don’t even have to contact your previous provider.

Only the registered contact – usually a parent or guardian – can request a transfer and this same individual must be the registered contact for both the Junior ISA with Orbis Access and the CTF.

What will I need before starting a CTF transfer?

For CTF transfers you will need:

  • The name of your current CTF provider.
  • The CTF account number, which is on your statements.
  • The child’s Unique Reference Number, which is on your CTF statements.

If you’ve lost track of your CTF, or forgot who provides it, you can get help finding it here: hmrc.gov.uk/tools/childtrustfundclaim/ctfaccount.htm

Also be aware that:

  • It is only possible to transfer the full balance in a CTF to a Junior ISA.
  • Once the transfer is complete, you cannot transfer the Junior ISA back to a CTF.
What do I need to know before transferring my existing Cash CTF?

Cash CTFs are similar to Junior Cash ISAs however there are some differences you should be aware of.

  • The annual allowance for a CTF runs from the birth date of the child.

For Junior ISAs allowances are fixed to the tax year (6 April – 5 April). If you are transferring a CTF, you can use up both your CTF and your Junior ISA allowances in the year you transfer.

For example: If a child’s birthday is 1 October, their CTF allowance runs from 1 October to the following 30 September. A Junior ISA and a CTF each have an annual maximum contribution allowance of £4,080 in 2016/17.

If the CTF is transferred to a Junior ISA on 1 December, up to £4,080 could have been added to the CTF between 1 October and 30 November (the date it is transferred). Once the Junior ISA has been set up, a further £4,080 could be added between 1 December and 5 April (the end of the tax year).

  • Orbis Access doesn’t offer Junior Cash ISAs.

This means that if you want transfer your Cash CTF to us, you will need to transfer cash savings into our funds through opening a Junior Stocks & Shares ISA. Funds are higher risk than cash savings because the value of your investments can fall as well as rise. This means that you may not get back the amount you originally invested. Find out more about our Junior Stocks & Shares ISAs

What do I need to know before transferring my existing Stakeholder CTF?

Stakeholder CTFs are similar to Junior Stocks & Shares ISAs however there are some differences you should be aware of.

  • A Junior Stocks & Shares ISA  does not have 'life-styling'.

'Life-styling' is a feature of a Stakeholder CTFs which means that investments held in a stakeholder CTF are gradually moved into safer assets, such as cash and bonds, as the child approaches their 18th birthday. There is no life-styling on a Junior ISA.

  • Charges aren’t capped on a Junior Stocks & Shares ISA.

The charges for Stakeholder CTF accounts are capped at a maximum of 1.5% per annum.  We don’t charge you any management fees at all on amounts you invest with us during the first year of opening your account (this includes amounts you transfer in). Furthermore, we don’t charge you anything on those amounts for the life of the Junior ISA.  However, we will charge our performance based fee on amounts you invest after the first year. Find out more

  • Stakeholder CTF accounts have a minimum investment amount of £10.

You will still have access to minimum investments no greater than £10, but this is at our discretion and no longer guaranteed (as is the case with a Stakeholder CTF). Our current minimum investment is £1.

  • The annual allowance for CTF runs from the birth date of the child.

For Junior ISAs allowances are fixed instead to the tax year (6 April – 5 April). If you are transferring a CTF, you can use up both your CTF and your Junior ISA allowances in the year you transfer.

For example: If a child’s birthday is 1 October, their CTF allowance runs from 1 October to the following 30 September. A Junior ISA and a CTF each have an annual maximum contribution allowance of £4,080 in 2016/17.

If the CTF is transferred to a Junior ISA on 1 December, up to £4,080 could have been added to the CTF between 1 October and 30 November (the date it is transferred). Once the Junior ISA has been set up, a further £4,080 could be added between 1 December and 5 April (the end of the tax year).

What do I need to know before transferring my existing Non-Stakeholder CTF?

Non-Stakeholder CTFs are broadly similar to Junior Stocks and Shares ISAs however there are some differences you should be aware of.

  • The annual allowance for a CTF runs from the birth date of the child.

For Junior ISAs the allowances are fixed to the tax year (6 April – 5 April). If you are transferring a CTF, you can use up both your CTF and Junior ISA allowances in the year you transfer.

For example: If a child’s birthday is 1 October, their CTF allowance runs from 1 October to the following 30 September. A Junior ISA and a CTF each have an annual maximum contribution allowance of £4,080 in 2016/17.

If the CTF is transferred to a Junior ISA on 1 December, up to 4,080 could have been added to the CTF between 1 October and 30 November (the date it is transferred). Once the Junior ISA has been set up, a further £4,080 could be added between 1 December and 5 April (the end of the tax year).