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Bed and ISA

Bed & ISA

Transfer your investments to your ISA in three easy steps

advantages of Bed & ISA over a manual sell & buy back

You don’t need to invest new money to make the most of your annual ISA allowance, instead you can use existing UK-listed investments by selling them in your Trading Account and buying them back in your linked Stocks & Shares ISA.

This counts towards your annual ISA subscription and means that more of your investments are sheltered from the taxman.

use existing investments to open or top up a Stocks & Shares ISA

how it works

  • We sell your investment holdings in your Trading Account.
  • We use the money to repurchase the same investments within your ISA.
  • We do both trades at the same time - to limit potential share price movement.

understanding the risks

The value of your investments and the income derived from them can go down as well as up and you may not get back all the money you put in. The tax treatment of this product depends on your individual circumstances. All Bed & ISA instructions will be executed as soon as practically possible.

things to consider before giving a Bed & ISA instruction

  • Your existing investments must be held in your Trading Account before the transactions can take place, so if you want to sell a certificated shareholding it must be deposited beforehand.
  • You must link your Trading Account and ISA beforehand. To do so log in, select 'account > personal details & preferences > Link My Accounts' and follow the on-screen instructions.
  • We may buy back fewer units/shares in your ISA than you originally held in your Trading Account, due to the bid offer spread and stamp duty if applicable.
  • Selling existing investments may realise a capital gain or loss (any gains may be covered by your Annual Exempt amount).
  • You cannot Bed & ISA international stock.

Bed & ISA charges

  • No commission is charged on the sale in your Trading Account but repurchase charges do apply
  • For online requests your online commission rate is charged on the re-purchase in your ISA
  • For telephone and postal requests the Telephone trades commission rate is charged on the re-purchase in your ISA
  • Government stamp duty of 0.5% also applies to re-purchases of UK registered stocks
complete our online Bed & ISA in 3 simple steps

You need to have a Trading Account and an ISA that are linked

1

Log in to your Trading Account and choose 'bed & ISA' from the 'cash & transfers' menu.

2

Select your accounts, check your remaining subscription, lookup existing holdings and complete the form.

3

Preview and submit your instructions, then leave the rest to us.