What it means to transfer

  • Your investment will be managed across a broader range of UK companies including small companies giving wider spread of risk.
  • the initial charge is nil compared with netPEP's which was 1%.
  • The annual charge is 0.5% against netPEP's which was 0.35%. 
  • The annual administration charge is 0.04% compared with netPEP's which was 0.15%
  • There is a worldwide choice of L&G tracker funds available free of switching charges. 
  • The L&G UK Index ISA meets the CAT Standard.

Click here to transfer 

You may have other questions about transferring.  Here are some frequently asked questions but if you have any specific questions not covered below please click on Contact on the menu bar above.

Question: If I hold both a PEP and an ISA can I complete just one form?

Answer: No, if you hold different types of investment you will need to complete separate forms to transfer a PEP and an ISA

Question: I have a unit trust holding.  What form do I use?

Answer: Forms are not available on this website.  Please call 020 7291 9090 or use the Contact form on the menu bar above.

Question: I have a regular monthly savings account.  What happens to my Direct Debit Mandate?

Answer: City Financial will automatically cancel it.

Question: What if I want to continue to make monthly payments to L&G? 

Answer: You must contact Legal & General on 029 2044 8412 between 8.30 am and 5.30 pm, Monday to Friday or email your request to UTMEnquiries@LandG.com

Question: What is the tax position if a PEP or ISA is transferred? 

Answer: You retain your existing tax-free status.  So there is no change. 

Question: What is the tax position if I transfer my unit trust holding outside a PEP or ISA?

Answer: If you are a UK resident for tax purposes you may have a liability to capital gains tax. You should consult your tax or financial advisor for further information.

Question: What about no resident investors?

Answer: You should also consult your tax or financial advisor for further information.

Question: Will my existing netISA/netPEP Username and Password be valid?

Answer: No.  To obtain valuations you  must contact Legal & General on 029 2044 8412 between 8.30 am and 5.30 pm, Monday to Friday or email your request to UTMEnquiries@LandG.com

Question: Can I switch to other L&G unit trusts?

Answer: Yes.  You can switch free of charge to any other index tracking unit trust managed by L&G.

Click here to transfer 

Introduction | Why transfer | Portfolio | F.A.Q | About l&g | Transfer form | Contact