If you want to transfer an existing Lifetime ISA into your Plum Lifetime ISA, follow these steps:
Select the Pockets category in the app
Tap on the Lifetime ISA tile
Scroll down to the More ways to add money category
Select the Transfer-in to initiate the transfer process
Check the information and press Get Started/Continue
Fill in the information about your current ISA. You will be asked for:
Your current ISA provider
The type of your current ISA
The account number/sort code of your ISA.
The estimated value of the ISA you want to transfer
Accept and sign the Terms & Conditions
ISA transfers between Lifetime ISAs should be completed within 15 business days.
*Currently we accept only Lifetime ISA transfers for your Plum Lifetime ISA. Other types may be supported in the future and their transrfer can take up to 30 calendar days.
Government Bonus
If the transfer is completed before the 5th of the month, Plum will submit the bonus claim to HMRC.
If the transfer is completed after the 5th of the month, your previous provider should submit the bonus claim to HMRC and they will send the money to Plum once they receive it.
Note: If you are transferring a Stocks and Shares Lifetime ISA to us, we will only accept a transfer of your existing stocks and shares Lifetime ISA to us in cash, meaning any investments you hold would have to be sold before the transfer takes place.