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Transfer to a OneFamily Lifetime ISA

If you hold a savings account with another provider you can move your investments to a OneFamily Lifetime ISA quickly and easily and we won’t charge you to do so. However, please do check with your current provider in case they charge you to transfer your investments.

Why choose OneFamily?

There are a few things that really set us apart from other lifetime ISA providers. Here's just some of the reasons to choose OneFamily.

Money you put into your OneFamily Lifetime ISA is invested in climate-friendly funds. We choose where to invest based on things like how much of a company's profits come from "green" activities such as low-carbon technology.
We give you a simple choice of just two types of fund when you open your Lifetime ISA. You don't even have to stay in the same one, you can switch to the other at any time for free.
There are no hidden fees. We charge just one fee for managing your Lifetime ISA, which is a 1.1% annual management charge.
Thanks to people like you, we've been able to give more than £4.75 million* in funding to courses such as food banks, homeless charities and schools since 2015. We're proud of our moral values and, as a OneFamily customer, we want you to be too.

* As at 31 December 2021

A hand holding a set of keys with a house-shaped keyring

25% government bonus on the money you invest

Available to 18-39 year olds

Designed to help you save for your first home or later life

Two simple climate-friendly investment options

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.

Choose a fund

Frequently asked questions - transferring to a OneFamily Lifetime ISA

Why transfer to a OneFamily Lifetime ISA?

Our Lifetime ISA invests in stocks and shares, which gives it a higher potential for growth compared to cash lifetime ISAs over the long term. 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 climate-friendly funds with our Lifetime ISA, which invest in companies that take climate change seriously.

As a member of OneFamily, you’ll also have access to free equity release advice (worth £950), the option to apply for apprenticeship support and you'll be able to apply for a Young Person's Education Grant on behalf of someone aged 15-19 years old.

How much money can I put into a OneFamily Lifetime ISA?

Will transferring my lifetime ISA to OneFamily affect my annual allowance?

No. If your money is already in a lifetime ISA held with another provider then transferring it to OneFamily’s Lifetime ISA won’t affect your allowance limit.

However, if the money is currently in any other type of account (such as an ISA or a matured children’s savings account), any money you transfer into a lifetime ISA will count towards the current tax year’s allowance limit (which is £4,000).

What's the difference between a stocks and shares lifetime ISA and a cash lifetime ISA?

The main differences between a stocks and shares lifetime ISA and a cash lifetime ISA are the level of risk and how they make money.

Cash lifetime ISAs earn interest, like current accounts do. They can’t go down in value but how much they grow depends on interest rates (as well as the government bonus).

Stocks and shares lifetime ISAs, like OneFamily’s Lifetime ISA, invest in funds that buy investments, for example shares in companies. The value of the money in the fund changes depending on the value of those investments (as well as the government bonus).

Therefore, there is greater potential for your money to grow in a stocks and shares lifetime ISA, especially over the long-term, but there is a risk that the value could go down and you could get back less than you pay in.

Stocks and shares lifetime ISAs tend to be a better option for people who plan to invest for five years or more than those who want to invest for a shorter period. This is because dips in the stock market have less of an impact over time.

Find out more about the differences.

How can I manage my account once I've moved to OneFamily?

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.

Climate friendly

Global Equity

Invest into global companies who focus on operating in a more sustainable way

Invest for your future in a way that's aligned with your values. Global Equity invests your money into companies who are actively working towards a more sustainable business model and reducing their carbon footprint. Find out more about our climate investments

Avg. yearly
growth*
Fund
size
Global
investments

Risk rating

Lower Higher

Fund performance:

*Performance includes all charges payable. Please remember that past performance should not be seen as an indication of future performance.

You can find out more about Global Equity in our Key Information Document and Fund Factsheet

Select and transfer

Global Mixed

A balanced mix of climate-friendly companies and fixed interest investments to reduce risk

Invests up to 35% of your money into climate-friendly shares and at least 65% into fixed-interest assets to help reduce risk. Choose this fund if you want to lower your risk of losing money while still investing in some climate-friendly options. Find out more about our climate investments

Avg. yearly
growth*
Fund
size
Global
investments

Risk rating

Lower Higher

Fund performance:

*Performance includes all charges payable. Please remember that past performance should not be seen as an indication of future performance.

You can find out more about Global Mixed in our Key Information Document and Fund Factsheet

Select and transfer

Transfer to a Lifetime ISA today

Move your savings to a Lifetime ISA quickly and easily

Transfer to a Lifetime ISA

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.