HMRC rules state that any ‘transfer’ of holdings must be done via an open market.
This means, if you are an existing Orca client, your P2P investments will have to be converted to cash before investing in the ISA. We will need to initiate a sale of your loans at the underlying P2P platforms before re-investing within the Orca ISA.
All you need to do is submit your request to convert your existing Orca Account to an Orca ISA, accept the T&C’s and provide us with your NIN. Once we have this information, we will take care of the rest. To submit your request please follow the link here (please note: you will have to log in to your Orca Account).