In the majority of cases there are no fees for transferring an ISA to Nutmeg and we do not charge for ISA transfers in or out of Nutmeg. However we suggest you contact your existing ISA provider before you transfer to check if exit fees may apply.
Some providers sell shares more cheaply if you contact them yourself and deal over the phone. If you do this, ensure your provider does not send the proceeds of the sale to your bank account as this money would lose its ISA wrapper. Your existing ISA provider must hold the proceeds of the sale as cash on your account awaiting our request to transfer.
For some cash ISAs be aware that there may be interest penalties if you withdraw before the end of a fixed term.
Lastly, remember that during the transfer of a stocks and shares ISA there will be a period of time when you will not be invested and therefore you will not experience any market ups or downs while the transfer is in progress. In some cases you will be better off as a result, but in others you will miss out on some gains.