{"id":1940,"date":"2022-01-24T11:23:37","date_gmt":"2022-01-24T11:23:37","guid":{"rendered":"https:\/\/crowdforangels.com\/blog\/?p=1940"},"modified":"2022-01-24T14:37:39","modified_gmt":"2022-01-24T14:37:39","slug":"transferring-your-isa-zopa","status":"publish","type":"post","link":"https:\/\/crowdforangels.com\/blog\/transferring-your-isa-zopa\/","title":{"rendered":"Transferring your ISA \u2013 Zopa Special"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2022\/01\/Blogs-graphics-2.png\"><img loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2022\/01\/Blogs-graphics-2.png\" alt=\"As many of you will be aware, Zopa announced the closure of their P2P arm in early December 2021, with thousands of retail investors expected to have their funds returned to them by the 31st January 2022. This has led to a requirement for many investors to find a new ISA Manager.\" class=\"wp-image-1942\" srcset=\"https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2022\/01\/Blogs-graphics-2.png 560w, https:\/\/crowdforangels.com\/blog\/wp-content\/uploads\/2022\/01\/Blogs-graphics-2-300x169.png 300w\" sizes=\"(max-width: 560px) 100vw, 560px\" \/><\/a><\/figure>\n\n\n\n<p>As many of you will be aware, Zopa announced the closure of their P2P arm in early December 2021, with thousands of retail investors expected to have their funds returned to them by the 31<sup>st<\/sup> January 2022. This has led to a requirement for many investors to find a new ISA Manager.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4>Why is transferring important?<\/h4>\n\n\n\n<p>If an investor chooses to withdraw their balance from Zopa to their bank account and then transfer it from their bank to a new ISA Manager, the funds will be classed as part of this years \u00a320,000 ISA allowance and potentially create an issue.<\/p>\n\n\n\n<p>The tax rules around ISAs mean that investors must transfer funds\/assets from one ISA account to another in the right way to keep their tax-free savings intact.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4>Who is Crowd for Angels<\/h4>\n\n\n\n<p><a href=\"https:\/\/crowdforangels.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Crowd for Angels UK Limited<\/a> is an established crowdfunding platform based in the City of London. We have been an IF-ISA manager since 2017 and today welcome thousands of investors.<\/p>\n\n\n\n<p>The company is authorised and regulated by the Financial Conduct Authority to provide funding to companies in the form of debt and equity. We were incorporated in 1995 and have a long track record in raising funds for companies.<\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4>Can Crowd for Angels accept my Zopa ISA?<\/h4>\n\n\n\n<p>The simple answer is <strong>yes.<\/strong><\/p>\n\n\n\n<p>As a fellow IF-ISA manager, Crowd for Angels would be able to accept an ISA transfer from Zopa accordingly. Any transfer would be expected to be completed in 5-7 working days.<\/p>\n\n\n\n<p>You can read more about transferring an ISA here: <a href=\"https:\/\/crowdforangels.com\/transfer-your-isa\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/crowdforangels.com\/transfer-your-isa<\/a><\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4>Are there other providers<\/h4>\n\n\n\n<p>A list of all ISA managers can be found here: <a href=\"https:\/\/www.gov.uk\/guidance\/list-of-approved-individual-savings-account-isa-managers\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.gov.uk\/guidance\/list-of-approved-individual-savings-account-isa-managers<\/a><\/p>\n\n\n\n<div style=\"height:30px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h4>I still have questions, can I talk to someone<\/h4>\n\n\n\n<p>Absolutely, you can reach out to one of the knowledgeable and friendly Crowd for Angels team by calling 0207 437 2413, emailing isa@crowdforangels.com or by LiveChat by clicking on the two speech bubbles on the left hand side. Our normal office hours are Monday to Friday 8am to 6pm<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"has-text-align-center\"><strong>Open a free Crowd for Angels Innovative Finance ISA here<\/strong>: <\/p>\n\n\n\n<p class=\"has-text-align-center\"><a href=\"https:\/\/crowdforangels.com\/isa-investor-signup\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/crowdforangels.com\/isa-investor-signup<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As many of you will be aware, Zopa announced the closure of their P2P arm in early December 2021, with thousands of retail investors expected to have their funds returned to them by the 31st January 2022. This has led to a requirement for many investors to find a new ISA Manager. Why is transferring [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1941,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[99],"tags":[8,9,24,480,238,483,482,481],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Transferring your ISA \u2013 Zopa Special - Crowd for Angels | Blog<\/title>\n<meta name=\"description\" content=\"Zopa announced the closure of their P2P arm and this has led to a requirement for many investors to find a new ISA Manager. 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