Can I transfer a mutual fund to or from Trading 212, and how long does it take?

Yes. Transferring a mutual fund in is supported across Invest, ISA and SIPP for Trading 212 UK clients, subject to the fund being one we support and your existing provider cooperating with the transfer.

Yes, transferring out is supported. For Invest and SIPP accounts, you can transfer part or all of your holdings in a fund. For a Stocks & Shares ISA, transfers must be for your entire holding in that fund.

Unlike fractional shares of stocks, which can't be transferred and must be sold first, fractional units of a mutual fund may be transferable, provided the fund and your previous provider support it.

This varies significantly and depends mainly on your other provider. Some transfers are complete within a day, but others can take up to 8 weeks. Mutual fund transfers generally take longer than transferring shares or ETFs, since they go through an additional intermediary step to reach the fund itself.

ISA transfers are normally completed within the 30-day maximum period set by HMRC. Where a mutual fund is involved, circumstances outside our control, for example at your previous provider or the fund, can mean the transfer takes longer.

If your transfer includes shares or ETFs alongside a mutual fund, the shares/ETFs may settle first while the mutual fund is still being processed. This is normal. We'll let you know once everything has settled.

Yes, you can track your transfer in the app. You may see that a mutual fund within a wider transfer is still being finalised even after your other holdings have completed.

Yes. Any pending buy or sell orders on the account are cancelled when a transfer begins, and you won't be able to place new orders on a holding while its transfer is in progress.

Yes. To avoid disruption, we won't process a mutual fund transfer in the days immediately before or after a known corporate action (such as a distribution or other fund event) affecting that fund. This can add a delay of a week or more; in some cases, the exact period is still to be confirmed.

For funds held in your Invest account, we rely on your previous provider or the fund manager to tell us which of your transferred units are Group 1 and which are Group 2. If they don't, we treat them all as Group 1 units, and the whole of the fund's next income distribution (including a notional distribution on accumulation units) will be reported as income.

You can correct this by sending us a document from your previous provider that clearly shows when you bought the units, such as a contract note, statement or tax voucher. You must send it before the fund's next ex-date, before any corporate action affecting the units is processed, and before any sell order in that fund placed after the transfer is executed, or by any later date we tell you.

When you sell, we treat Group 1 units as sold first, unless we've identified that the fund uses a different method, in which case we apply that method. If we later identify that a different method should have applied to earlier sales, we may recalculate and correct the income and equalisation information we've reported to you.

If you transfer units out, we report the Group 1 / Group 2 split based on the information we hold when the transfer starts.

In most cases, yes. When your transfer completes, you can choose to either specify the average purchase price from your previous provider yourself (so gains and losses are calculated from that price), or use the current market price on arrival instead. You can find your average purchase price on your old provider's account statements, or calculate it by dividing your total purchase cost by your total number of units. You can change this later if needed.

The exception is a full SIPP transfer: your units are always allocated at the current market price on arrival, though you can still update this price yourself afterwards.

Whichever option applies, you should keep a record of your actual original purchase cost for your own tax reporting. The figure used in the app is for display purposes and may not be the figure you need to report to HMRC.

Possibly, in either direction. For a transfer-in, your previous provider may need to convert your units to a supported share class before the transfer can be completed.

This conversion may involve additional fees or result in higher or lower ongoing charges than you were paying before. For a transfer out, we may need to convert your units into a share class supported by the receiving provider.

Once a transfer-in has been completed, you can also ask us to convert your units into a cheaper share class of the same fund, where one is available to you.

No. Once units are part of an outbound transfer that's in progress, they're locked and cannot be sold. You'll see this reflected in your available balance until the transfer completes or is cancelled. Since you can't sell these units for the duration, you remain exposed to normal market risk on them until the transfer completes.

If you're transferring your entire account and one of your mutual funds isn't one we currently support, and no conversion to a share class we accept is available, that fund will automatically be sold, and the proceeds will be transferred to us as cash.

If you're only transferring part of your account and the same situation applies, we'll leave that portion of the funds with your previous provider.

This depends on the type of transfer:

• Invest, and ISA (full or partial): if you select a mutual fund to include and you don't yet have access, you'll be offered the option to join the waitlist there and then. The fund itself won't be included in this transfer request. Once you have access, you can submit a new transfer request for it.
• SIPP partial transfer: the same waitlist option is offered as above.
• SIPP full transfer: you'll be informed that mutual funds are being rolled out gradually, but you won't be offered the waitlist as part of this flow. Any mutual fund, even one we support, will automatically stay with your current pension provider for now. You can transfer it separately once you have access. If the exact share class isn't available to us at that point, we'll request it to be sold down instead.

A mutual fund transfer can occur only on dealing days. If the fund's underlying market is closed for a local holiday, the transfer will resume on the next dealing day.