Transfer to a OneFamily Lifetime ISA
You can transfer into a OneFamily Lifetime ISA from an existing:
- lifetime ISA
- help to buy ISA
- cash or stocks and shares ISA
- matured child trust fund and matured junior ISA.
You must transfer everything from your account as we don't accept partial transfers. We accept transfers from cash or stocks and shares products.
We won't charge you to transfer to us, but please check with your current provider in case they charge any transfer-out fees.
How much can I transfer?
We don't accept partial transfers so you will need to transfer everything from your existing account.
However, please be aware that you can only pay up to £4,000 into a lifetime ISA each tax year. Therefore, if you're moving money from an account that isn't an existing lifetime ISA, transferring to our Lifetime ISA is only an option if you have £4,000 or less in your account.
Instead of transferring, you can withdraw up to £4,000 to pay into a new lifetime ISA, however this will count towards your annual ISA allowance.
If you're moving money from an existing lifetime ISA this can be more than £4,000 and must be everything from your account. Please be aware that you won't receive the government bonus on money you transfer from an existing lifetime ISA as this will already have been paid.
Why choose OneFamily?
We keep our Lifetime ISA simple with a 1.1% annual management charge and 24/7 online account access. You'll also have the option to invest your money in a climate-focused fund.
We’re owned by our members for our members, which means we don’t have shareholders to pay – so we can reinvest our profits for good. Putting our members first and improving the financial wellbeing of those who need it most is firmly built into our values. We have nearly 1.6 million customers* and 49 years’ experience of providing accessible, affordable products to help people make the most of their money. And don’t just take our word for it - our customers rate us highly, with an overall satisfaction score of 93% in 2023.**
Our Inspiring Better Futures vision is driven by doing the right thing for our customers, colleagues and communities. We awarded 111 young people with education grants to help with the cost of further education and training in 2023, as well as supporting our communities through volunteering and our charity partnerships.
*As at 12 May 2024.
**Source: Bright survey, 2023.
How to transfer a Lifetime ISA
1. Choose a fund
Decide which of our two Lifetime ISA funds is right for you by reading the fund documents below.
2. Apply online
Click the transfer link at the bottom of this page to fill out the short transfer form. Then print, sign and post it back to us at FREEPOST ONEFAMILY (this is the full address).
3. Start saving!
As soon as the transfer is complete, you’ll be able to log into your online account to set up a direct debit or start making one-off payments.
Frequently asked questions - transferring to a OneFamily Lifetime ISA
Our Lifetime ISA invests in stocks and shares, which has higher potential for growth than interest-only accounts over the long term. Looking back over the past 60 years, people who chose to invest have generally made more money than those who chose to save in an interest-only account*.
However, as with all investing, there is a risk that the value of your investment could go down.
People choose OneFamily because of our competitive charges and our strong moral compass. We’re not owned by shareholders so we don’t pay dividends - put simply this means our profits are used to benefit our members and our community.
We also care about the environment and offer our Lifetime ISA customers the option to invest in a climate-focused fund, meaning this fund considers the climate credentials of companies before buying shares in them.
As a member of OneFamily, you'll be able to apply for a Young Person's Education Grant on behalf of someone aged 15-19 years old.
*Since 1960, 92% of 10-year periods and 77% of 5-year periods showed a higher real percentage return for investments compared to average building society interest rates. Source: Barclays GILT study 2023.
Choose which fund you'd like to invest your Lifetime ISA in
Please read all relevant documents below to get an understanding about how each fund is invested, then choose the fund that suits you best. As our Lifetime ISA invests in stocks & shares, its value can go down as well as up, so you could get less than was paid in.
Global Equity
For more adventurous long-term investors
Global Equity invests in company shares.
When deciding which shares to buy, Global Equity takes into account how sustainable companies' business models are and what they're doing to lessen their negative impact on the environment.
Annual Management Charge 1.1%
Risk rating
Lower HigherYou can find out more about Global Equity in our Key Information Document and Fund Factsheet
Despite having an investment focus on the climate, we've chosen not to apply a UK Sustainable Investment Label* for this fund. Find out why below.
Global Mixed
For more cautious long-term investors
Global Mixed invests at least 65% of your money into lower risk, fixed-interest assets, which makes this fund a more cautious investment option compared to Global Equity. This element of the fund doesn’t use Global Equity's climate-focused criteria.
Up to 35% of this fund invests in climate-focused company shares via the Global Equity fund.
Annual Management Charge 1.1%
Risk rating
Lower HigherYou can find out more about Global Mixed in our Key Information Document and Fund Factsheet
Ready to get started?
*UK Sustainable Investment Labels
"Sustainable Investment Labels" have been introduced to help investors find products that have a specific sustainability goal, although not every fund that uses sustainable criteria qualifies for these labels. Because the way Global Equity invests doesn't exactly align with the definition used for these labels, this product doesn't have a UK Sustainable Investment label.
More information on sustainability labels, and a reminder of how Global Equity targets sustainable environmental outcomes, can be found in our sustainability disclosure document.
Find out about UK Sustainable Investment Labels on the Financial Conduct Authority website.
Transfer to a Lifetime ISA today
Move your savings to a Lifetime ISA quickly and easily
If you wish to transfer your matured OneFamily Child Trust Fund money into our Lifetime ISA, you'll need to log into your account where you can let us know how much you'd like to transfer.
