Combining your investments

Why combine your investments?

Saga Investments, provided jointly by HUB Financial Solutions and Hubwise Securities Limited, make it easy for you to transfer the cash value of investments you have with other providers - whether that’s ISAs, other general investment accounts or both. Depending on how you invest right now, you may benefit in several ways. 

Get a clearer view

Having all your investments in one place could give you a clearer view of everything. It's simple to monitor your progress and you can reduce all that admin.

Help keep your goals on track

Whatever your aims are, you want to know you're on track. If you keep your investments in one place, it could be easier to manage your portfolio choices. We offer three exclusive ready-made portfolios, designed to match your aims and risk level.

Manage and spread your risk

All our portfolios feature a range of assets. Your money will be invested in cash, bonds and company shares - across both the UK and international markets. This diversity can help manage risks while giving your money the chance to grow over the medium to long term - at least 5 years.

And remember, the value of all investments and any income received from them can fall as well as rise and can mean you may not get back the amount you invested.

You could save on fees

Combining your investments could help you save money. But compare how much you’re paying with your current provider before you choose to transfer.

Things to bear in mind

ISA allowance - You can either transfer the full or partial amount from an ISA. If you transfer money from previous tax years, it won't  count towards your current annual ISA allowance of £20,000. If you transfer money from the current tax year, it will count towards your current annual ISA allowance. Tax benefits may change in the future.

Time it takes - When you transfer, your current provider will sell your investments and transfer the cash proceeds. The time this takes will vary by provider. Once our partner Hubwise receives the money, they will invest your money within five working days. So, if your current provider takes five working days to transfer, your money won't be invested for up to 10 working days. Depending on the market movements, the cost of investing in the new funds will have changed up or down during this time.

Tax - Tax paid depends on your personal tax position. If you transfer from an ISA to a Saga Stocks & Shares ISA, there's no tax to pay. If you transfer non-ISA investments, you may need to pay Capital Gains Tax (CGT) on any gains you made. You can make £3,000 in annual gains before you need to pay CGT. This is subject to change.

Fees - When transferring check whether there are any exit fees or penalties. And make sure you won't miss out on any benefits or bonuses.

Advice - We can't provide advice on investing. If you need more support, this may not be the right service for you. The information on this website should not be taken as advice or as a forecast.

Protection - Combining your investments with a single provider may reduce your protection under the Financial Services Compensation Scheme (FSCS). The FSCS does not cover losses for poor investment performance. The value of investments can go down as well as up. Read more in our terms & conditions or on the FSCS website.