Existing Ethical Stocks and Shares ISA account holders
Here is some further information for existing Ethical Stocks and Shares ISA account holders.
Transferring existing ISAs
You may request to transfer some or all of the value of an existing cash or stocks and shares ISA you hold with another provider to your Ethical Stocks and Shares ISA by completing and returning an ISA transfer authority form from another provider to a Triodos Ethical Stocks and Shares ISA . In order to maintain the money’s current tax efficient status and not affect your subscription allowance, the transfer must be carried out by the ISA providers – i.e. you cannot move the money yourself. For more details of the rules and eligibility criteria relating to existing ISA transfers please refer to the Ethical Stocks and Shares ISA part of our SRI Funds Terms and Conditions and the HMRC website.
As the transferred subscriptions will be used to purchase your choice of shares in the SRI funds, the 3% Initial Charge* and £1,000 minimum initial investment or £500 minimum top up rules apply.
If you want to transfer subscriptions between your Triodos Ethical Stocks and Shares ISA and your existing Triodos cash ISAs, and vice versa, we still need to carry out the transfer for you but you must complete and return a Transfer authority form between existing Triodos ISAs instead.
Buying more shares
You can add to your investment in your Ethical Stocks and Shares ISA by way of a Top Up. The minimum Top Up amount per share class is £500. If it is the first time you are buying shares in a particular fund then this counts as an ‘initial investment’ so the minimum is £1,000. This can be split between the distribution and capitalisation share classes if you prefer as long as the £500 minimum is adhered to. To instruct us to do this, you must complete and return an Ethical Stocks and Shares ISA Top Up form . Information about how to pay for the additional shares is outlined on the form. ISA subscription rules apply.
Switching investments from one fund to the other
You may wish to change some or all of your existing investment in the Sustainable Pioneer Fund to the Sustainable Equity Fund, or vice versa. To instruct us to do this, a Switching form must be completed and returned. We will then sell the shares in the fund that you wish to switch from and reinvest the proceeds in the fund you wish to switch to. There is no charge for carrying out the switch but the £1,000 minimum initial investment and £500 minimum top up rules apply.
Moving your existing SRI Fund investments into your Triodos Ethical Stocks and Shares ISA
To invest tax efficiently, you could hold or ‘wrap’ your SRI Funds in a stocks and shares ISA: any profits from your investment would be free from Capital Gains Tax and dividends are exempt from Income Tax. In order to do this, you need to open a Triodos Ethical Stocks and Shares ISA . The application form asks how you would like to make your initial investment – here you can tell us that you wish to wrap some or all of your existing investments. If you already have an Ethical Stocks and Shares ISA account with us, you can instruct us to wrap more of your already owned SRI shares by completing and returning an Ethical Stocks and Shares ISA Top Up form . There is no charge for wrapping the shares but the ISA subscription rules apply.
*If you are investing more than £500,000 please call us on 0800 328 2181.