Transfer your Lifetime ISA to Unity Mutual
How to transfer your Lifetime ISA to Unity Mutual
If you already have a Lifetime ISA (LISA) with another provider and are considering transferring it to us, it’s important to understand how the process works and what to expect.
Transferring your LISA is usually straightforward, and we’re here to help you – from explaining how the LISA transfer rules apply to ensuring the move is completed smoothly.
You’ll find a step-by-step guide to the transfer process below, along with answers to frequently asked questions.
How to transfer your Lifetime ISA to Unity Mutual
Step 1
Read the Lifetime ISA Key Information Document(s) and the Terms and Conditions below to ensure the product is right for you.
Step 3
Return the completed transfer-in form to: insure@unitymutual.co.uk or by Freepost UNITY MUTUAL (please ensure "UNITY MUTUAL" is written in capital letters).
Step 4
Our customer service team will handle the rest, we’ll let you know in writing once the transfer is complete.
Important documents
4% AER
We offer a competitive 4% interest rate on our Lifetime ISA, helping your savings grow faster.
25% Bonus
Receive a 25% Government Bonus on your contributions (up to £1,000 per year) to boost your savings pot.
Friendly Society
As part of a mutual, Unity Mutual reinvests any surplus directly back into the services we offer, rather than shareholder profits.
Lifetime ISA transfer FAQs
Yes. Unity Mutual accepts transfers from other Lifetime ISA providers. You can transfer your existing Lifetime ISA to Unity Mutual without losing your Government bonus, provided the transfer process is handled correctly.
To start the transfer, complete the transfer-in form and we’ll contact your current provider to manage the switch on your behalf.
No, you won’t lose your Government bonus as long as the transfer is done correctly. You should use Unity Mutual’s official transfer process rather than withdrawing the funds yourself, which could incur a 25% Government withdrawal charge.
Yes, you can. You’re allowed to transfer a Help to Buy ISA into a Lifetime ISA. However, if your Help to Buy ISA is worth more than £4,000 (current Lifetime ISA allowance), you would need to spread the transfer over multiple tax years.
Lifetime ISA transfers should be completed within 30 days of us sending a transfer request to your current provider. However, we cannot guarantee the processing time of other organisations. Please allow up to 30 days for this process to complete.
Unity Mutual will notify you if there are any issues that may be preventing the timely processing of your funds.
No. Unity Mutual does not charge any fees to accept Lifetime ISA transfers. However, we recommend checking with your current provider to ensure they don’t charge exit or transfer fees before starting the process.
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