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An ISA (Individual Savings Account) is a UK account that lets you save or invest tax-free. Returns inside an ISA (interest, dividends and capital gains) aren’t taxed, and you don’t normally report them on your tax return. For the 2025/26 tax year, you can pay in up to £20,000 across all your ISAs (Cash, Stocks & Shares, Innovative Finance and Lifetime ISAs).

To transfer an ISA to etoro (powered by Moneyfarm), open or log in to your etoro ISA and choose the ISA transfer option to complete the transfer form. Moneyfarm then manages the transfer directly with your current provider so your tax-free status is preserved; don’t withdraw the money yourself. As a guide, UK rules say transfers should take up to 15 working days for Cash ISAs and up to 30 calendar days for Stocks & Shares ISAs and Managed ISAs. The time taken depends on the provider you are transferring from.

Your Cash ISA is invested in qualifying money market funds and is protected under the Financial Services Compensation Scheme (FSCS) investment protection, not the deposit protection scheme. This means you may be entitled to compensation of up to £85,000 if MFM Investment Ltd were to fail and you suffer a financial loss as a result. FSCS protection does not cover losses from market performance.

As an investment firm authorised and regulated by the FCA, Moneyfarm is obligated to segregate client funds and assets. This means that your money and investments are held separately from Moneyfarm’s own bank account and cannot be mixed with their own funds. Moneyfarm believes that the safest way of looking after your investments is to appoint a custodian bank which holds your money and the investments we purchase on your behalf, with a reference number unique to you. Moneyfarm holds your money and investments using carefully selected, regulated financial institutions such as Barclays and Saxo Capital Markets UK Ltd, and Moneyfarm ensures that these institutions meet the relevant criteria to keep your money safe. Your funds are covered by the Financial Services Compensation Scheme (FSCS). In the event of the firm’s failure, Moneyfarm is covered by the FSCS in relation to investment products which means you would be eligible to claim up to £85,000 (across all brands operating under MFM Investment Ltd) if there was any shortfall in the assets held for you, or if you had another claim against Moneyfarm relating to your investments.

Yes, Moneyfarm is authorised and regulated to give investment advice and provide a discretionary service by the Financial Conduct Authority (FCA) no. 629539. Details of their authorisation can be found on the Financial Services Register.

A flexible ISA allows you to withdraw money and then replace it within the same tax year without affecting your annual ISA allowance. This means any funds you take out can be returned, preserving your full tax-free savings limit for that year.

This tax year you can invest up to £20,000 in your ISA. The tax year runs from 6 April until 5 April the following year and that’s when your ISA allowance automatically refreshes. You can pay your whole allowance of £20,000 into a Stocks & Shares ISA, a Cash ISA, or a combination of the two. Even if you have an ISA elsewhere, you can still open a Stocks & Shares ISA with the etoro ISA powered by Moneyfarm, and you can also transfer over an old ISA to your new account. You can choose between making a lump sum investment, and/or making regular contributions throughout the tax year. Your etoro ISA powered by Moneyfarm is flexible to suit you. Your annual ISA allowance expires at the end of the tax year and any unused allowance will be lost. It’s a case of ‘use it or lose it’, as your allowance can’t be rolled into the next year. With the etoro ISA powered by Moneyfarm, you can invest more than the ISA allowance, for example, with a General Investment Account, but any investments outside the ISA wrapper won’t be sheltered from tax.