To transfer your current ISA to a Wombat Stocks & Shares ISA, please email support@wombatinvest.com and request an ISA transfer form. Transferring to a Wombat ISA is free. However, please check if your current provider charges fees. 

You can transfer your savings to a different type of ISA or to the same type of ISA at any time. To switch providers, contact the ISA provider you want to move to and fill out an ISA transfer form to move your account. 

If you want to transfer money you’ve invested in an ISA during the current year, you must transfer all of it. For money you invested in previous years, you can choose to transfer all or part of your savings. You must use the online transfer process to transfer an ISA because you may lose tax benefits if you try to transfer the money yourself.

Yes, you can open multiple accounts (one of each account type). With Wombat, it’s easy to monitor the performance of all of your accounts. Once you’re in the app, you can easily switch between your accounts by selecting the account name in the top left of the screen, and tapping the account you want to change to.

ISA stands for Individual Savings Account. A Stocks & Shares ISA allows you to invest up to £20,000 per year tax-free. 

There are many types of ISAs, such as Cash ISAs, Stocks & Shares ISAs, and Innovative Finance ISAs. Previously, you could only open and fund one account per ISA type each tax-year, but as of 6th April 2024, there is no longer a restriction around how many ISAs of each type you can utilise in a year (as long as you meet the eligibility criteria for each type, and with the exception of Lifetime ISA). For example, you could open and fund two of the same type of ISA, like two Stocks & Shares ISAs, as long as the total amount does not exceed the £20,000 limit.

Wombat offers a Stocks & Shares ISA. Please note, tax treatment depends on the individual circumstances of each client and may be subject to change in future. We also offer a Junior Stocks & Shares ISA.