UNIT TRUST/OEIC TO ISA SWITCH FORM - TAX YEAR 2017/2018 - Investor Portfolio Service
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INVESTOR PORTFOLIO SERVICE – SELF DIRECTED TAX YEAR 2017/2018 UNIT TRUST/OEIC TO ISA SWITCH FORM. Use this form to move money from a unit trust/or OEICs into an ISA in the 2017/2018 tax year. Please complete in BLOCK CAPITALS using black ink and return to: Investor Portfolio Service, PO Box 1112, Chelmsford CM99 2UX. Please ensure you’ve read the current version of the following Product Documents before you make any investment decisions: • Key Investor Information Document (KIID) • Investing with IPS • IPS Terms and Conditions • Important Fund Information. If you don’t understand any point please ask for further information. You can contact us on 0345 272 0089 and we’ll be happy to help. Call charges will vary. We may record and monitor calls. WHAT YOU NEED TO KNOW The ISA allowance for all investors is £20,000 for the 2017/2018 tax year. We’ll sell money from your unit trust/OEIC on the day we receive your instruction (or the first working day of the new tax year). Your money will be held as cash for one day until we get confirmation that we’re receiving the withdrawal proceeds from the fund manager. This means you will be out of the market. After this period, we’ll reinvest your money in an ISA. If you are reinvesting the proceeds into the same fund(s) as you held outside an ISA, you will not necessarily have the same number of units as you originally held. You will be subject to the difference in the buying and selling prices (bid-offer spread) for dual priced funds. The value of your investment holding may change between the time you complete this form and the deal being placed. This is due to daily price movements. As a result we cannot always guarantee the exact amount that your deal will realise. Where this is the case we’ll sell the amount you’ve asked for, plus an additional 3%, in units to ensure we obtain the amount you require for your ISA. This could lead to an excess balance. Please see Section 5 for information on how we deal with any excess balance. In line with the IPS Terms and Conditions your Sale for Regular Payment mandate will move to your ISA if you have no unit trust/OEIC holding remaining after the switch.
SECTION 1. Personal details – complete this section in full
Part 1.1 ISA applicant
Mr/Mrs/Ms/Miss/Other
Existing IPS customer reference number
Surname
Forename(s) in full Date of birth
Address
D D M M Y Y Y Y
We need your permanent
residential address including Please tick Male Female
the postcode, we can’t accept
a c/o address. Do you have a National Yes No
Insurance number?
Postcode
If Yes, please provide your National Insurance number
Contact telephone number
Tax residency I confirm that I am solely UK resident for tax purposes and not a US citizen.
Please read the following
sentence and confirm by If you can’t confirm and tick the box, please complete the Individual Self-Certification form available
ticking the box if applicable. from Customer Services.
Please note, there may be times when we need further identification from you. We’ll contact you
if this is the case. Please see the Using IPS document for more information on our identification
process and why we may need additional information. You can find this document online at
http://www.onlineips.co.uk/investments/library/UsingIPS.pdf
Part 1.2 Third party or joint holder(s) withdrawal details (please complete if relevant)
Please complete this section if the person funding all or part of this investment is not the ISA applicant listed in Part 1.1.
ALL holders of the unit trust/OEIC funding the ISA MUST sign and date the authorisation in Section 8.
Mr/Mrs/Ms/Miss/Other Existing IPS customer reference number
Surname
Forename(s) in full
Address
We need your permanent
residential address including Please note, there may be times when we need
the postcode, we can’t accept further identification from you. We’ll contact
a c/o address. you if this is the case. Please see the Using
IPS document for more information on our
identification process and why we may need
Postcode additional information.
You can find this document online at
Contact telephone number http://www.onlineips.co.uk/investments/
library/UsingIPS.pdf
Part 1.3 Third party or joint holder(s) withdrawal details (please complete if relevant)
Please complete this section if the person funding all or part of this investment is not the ISA applicant listed in Part 1.1.
ALL holders of the unit trust/OEIC funding the ISA MUST sign and date the authorisation in Section 8.
Mr/Mrs/Ms/Miss/Other
Existing IPS customer reference number
Surname
Forename(s) in full
Address
We need your permanent
residential address including Please note, there may be times when we need
the postcode, we can’t accept further identification from you. We’ll contact
a c/o address. you if this is the case. Please see the Using
IPS document for more information on our
identification process and why we may need
Postcode additional information.
You can find this document online at
Contact telephone number http://www.onlineips.co.uk/investments/
library/UsingIPS.pdfSECTION 2. Withdrawal details (unit trust/OEIC)
Please indicate the choice of funds you wish to sell. If you do not indicate how your investments(s) should be withdrawn, we will automatically
withdraw proportionately across your investment funds.
IPS customer reference number for unit trust/OEIC: 5
Please indicate how the unit trust/OEIC is held: Single Joint
Withdraw the following amount from my unit trust/OEIC: £ OR SELL ALL (please tick)
Please now choose an option 1 or 2 below:
Option 1 Sell units proportionately from ALL funds held in my unit trust/OEIC.
OR
W
Option 2 Sell units from the funds specified below.
PLEASE COMPLETE ONE COLUMN ONLY
Fund(s) to be sold Tick if you want Cash
Fund management company/Fund name (e.g. Legal & General Sterling Income I Fund) to sell all amount
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
£
If you have completed the ‘sell all’ column we will sell funds in the order they are listed until the amount specified above, or the ISA allowance, is met.
SECTION 3. Regular monthly investments
If you are subscribing by monthly Direct Debit to the unit trust/OEIC fund(s) that you have selected to sell in Section 2, please indicate below if you
wish to continue subscribing to these fund(s).
Tick one of the following boxes:
Continue regular monthly investment.
Stop regular monthly investment.
If you want to set up a regular monthly investment into the ISA please complete a separate instruction once the switch is complete.SECTION 4. ISA investment
Please indicate how you would like us to invest the amount raised in Section 2.
Please note your total ISA subscription for each tax year must not exceed your ISA allowance.
Option 1 Invest proportionately into the ISA within the same funds as sold in Section 2.
OR
Option 2 Invest in the funds specified below.
PLEASE COMPLETE ONE COLUMN ONLY
Fund management company/Fund name Type of unit/share % to be invested Cash amount
(e.g Legal & General Sterling Income I Fund) (delete as appropriate)*
ACC / INC £
ACC / INC £
ACC / INC £
ACC / INC £
ACC / INC £
ACC / INC £
ACC / INC £
ACC / INC £
ACC / INC £
ACC / INC £
ACC / INC £
ACC / INC £
ACC / INC £
ACC / INC £
ACC / INC £
Total £
*ACC/INC
If you do not specify ACC or INC in this column, we will invest into accumulation units/shares where available.
SECTION 5. Excess Balances - unit trust/OEICs holder(s) (if applicable)
As described on the front page transferring holdings into an ISA may result in an excess balance.
We will automatically reinvest any excess balance from your withdrawal into the highest value commission-free share class fund within your
unit trust/OEIC. Where you don’t hold any commission-free funds we will pay the excess into your IPS Cash Account.
If you would like your excess balance deposited into your IPS Cash Account, please specify using the tick box below.
Please pay any excess balance into my IPS Cash Account.SECTION 6. Bank/building society account details – complete this section in full (ISA applicant)
You need to provide the Name and full postal address of your bank/building society Bank/building society account number
details of your bank/building
society account so we can
make any payments by BACS.
This is a quick and secure
method of transferring money. Branch sort code
If you’ve selected income
units, we’ll pay any income
– –
to this account. Any income
will be reinvested if you don’t Postcode Roll number (if applicable)
supply your bank/building
society details. Name(s) of account holder(s)
We may use these details to
pay you the proceeds of any
future withdrawals. This account must be held, or jointly held, by the named applicant(s). We can’t make payments to a third party.
If any of these details change in the future, please write and tell us.
SECTION 7. Income options – if you’ve chosen any ‘INC’ units/shares (ISA applicant)
Complete this section if you’ve chosen income units/shares (INC).
Tick one of the following boxes:
Receive the income. Any income will be paid to you. Income received from your investments in INC units/shares will be paid into your
IPS cash account and then paid to your nominated bank account on the next monthly payment date.
Reinvest into the fund. Income received from your investments in INC units/shares will be used to buy more units/shares in the fund.
Hold in my IPS Cash Account. Income received from your investments in INC units/shares will be paid into and held in your IPS
Cash Account.
If you have selected to ‘Reinvest into the fund’ this will be applied to all funds you hold in your account.
If you don’t already hold income units/shares in this product and you don’t tick one of these boxes we will select the ‘Reinvest into the fund’
option by default.
If you already hold income units/shares within this product and you don’t tick one of these boxes we will apply your existing income options to
all funds within this product.SECTION 8. Declaration and Authority
FOR ALL ISA APPLICANTS By signing below, you agree to receive the information
I apply to subscribe for a Cofunds stocks and shares ISA for the tax year as described in 4 above, unless you tell us otherwise
2017/2018 and each subsequent tax year unless I instruct you otherwise. by ticking this box
I declare that: Given the global nature of our business, we may need to transfer your
information to countries outside the European Economic Area in order
• all subscriptions made, and to be made, belong to me; to provide our services to you.
• I am 18 years of age or over; Disclosures: We will disclose your information to other companies within
• I have not subscribed/made payments, and will not subscribe/make the Cofunds group of companies, regulatory bodies, law enforcement
payments more than the overall subscription/payment limit in total to agencies, future owners of our business and suppliers we engage to
a cash ISA, a stocks and shares ISA, an innovative ISA, and a Lifetime process data on our behalf and when necessary to a reassurer.
ISA in the same tax year; If you have been dealing with a financial adviser, we will give them
• I have not subscribed, and will not subscribe, to another stocks and information about your product and, where appropriate, provide them
shares ISA in the same tax year that I subscribe to this stocks and with other information about your dealings with us to enable them to
shares ISA; give you informed advice.
• I am resident in the United Kingdom for tax purposes or, if not so Where you have been introduced to us by a bank or a building society,
resident, either perform duties which, by virtue of Section 28 of the we will share your information with them to enable them to:
Income Tax (Earnings & Pensions) Act 2003 (Crown employees serving (a) carry out market research, statistical analysis and customer profiling; and
overseas), are treated as being performed in the United Kingdom, or
I am married to, or in a registered civil partnership with a person who (b) send you marketing information about their products and services
performs such duties. I will inform Cofunds if I cease to be so resident and products and services of companies in the Cofunds group and
or to perform such duties or to be married to, or in a registered civil of third parties whose products and services Cofunds offers to its
partnership with a person who performs such duties; customers.
• the information given in this application is full and accurate to the By signing below, you agree to receive the information as described in (b)
best of my knowledge and belief and I will inform Cofunds Limited above by post or telephone, unless you tell us otherwise by writing to IPS,
without delay of any change in my circumstances affecting any of the PO Box 1112, Chelmsford CM99 2UX.
information in this form. Access: You have the right to ask for a copy of your information in return
Please note: Details about residence are available from your tax office or for payment of a small fee. To obtain a copy of your information, please
on HM Revenue & Customs’ website. write to us at the above address.
I authorise Cofunds: PLEASE READ AND SIGN BELOW
• to hold my cash subscription, ISA investments, interest, dividends I confirm that:
and any other rights or proceeds in respect of those investments • I agree to the use of my information as set out above. I understand
and any other cash; and that a copy of the completed application form and/or Terms and
• to make on my behalf any claims for tax relief in respect of Conditions is available on request.
ISA investments. • I have been provided with the Terms and Conditions of the IPS
IMPORTANT PLEASE READ: DATA PROTECTION Platform and by signing this application form I agree to be bound
by them.
Use of your information: Cofunds takes your privacy very seriously.
We use the personal information collected via this form and any other • I confirm that I have received the Product Documents and Key
information that you provide to us (‘your information’) for the purposes of: Information Documents (KIID) relating to my investment.
1. Providing you with our products and services and dealing with • I understand that I will pay the IPS Platform Fee for use of the
your enquiries and requests; IPS service and I authorise Cofunds to collect this fee from my
IPS Cash Account.
2. Administering your investment;
• If there is insufficient money in my IPS Cash Account, I authorise
3. Carrying out market research, statistical analysis and customer Cofunds to sell enough of my assets to pay the fee in accordance
profiling; and with the Terms and Conditions.
4. Sending you marketing information (by post, telephone, email • I understand that my signed application form and the Terms and
and SMS) about products and services of companies in the Conditions form the basis of my agreement with Cofunds.
Cofunds group and of third parties whose products and services
Cofunds offers to its customers.
ISA APPLICANT AUTHORISATION
ISA applicant Date
JOINT HOLDERS/3RD PARTY AUTHORISATION (if applicable)
If the ISA is being funded by a 3rd party or jointly held unit trust/OEIC then all additional holders (not the ISA applicant) must sign and date below:
First joint holder/3rd party Date
Second joint holder/3rd party Date
Third joint holder/3rd party Date
Please send your completed application to your financial adviser, or to:
Investor Portfolio Service, PO Box 1112, Chelmsford CM99 2UX
Cofunds Limited
Registered in England and Wales No. 3965289
Registered office: Level 43, The Leadenhall Building,
122 Leadenhall Street, London, EC3V 4AB
Authorised and regulated by the Financial Conduct Authority.
W12365 05/17 NON ASDYou can also read
