Help & FAQs

Can I transfer investments from Dealing Account to my Shares ISA?

Due to HMRC regulations, we are unable to directly transfer investments held in a Nominee Dealing Account into a Shares ISA. If you want the investments moved into your Shares ISA, you will need to perform what is known as a ‘Bed & ISA’.

This is where you sell the investments in your Dealing Account, transfer the money to your ISA and then buy the investments back within your ISA. To complete a Bed & ISA contact our Customer Experience Centre team on: 0345 0700 720

Please note that the above procedure will incur two lots of dealing charges and you will also have to pay any Stamp Duty Reserve Tax (0.5% on UK Stocks, 1% on Irish stocks) on the repurchase within your ISA.

Submitted on 20th Aug 2018

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Risk Warning

The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Selftrade does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.

The extent and value of any ISA tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change.

The extent and value of any SIPP tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change. If your options change regarding an employer's pension scheme you may wish to review your financial situation. Once in a pension your money is only accessible, in general, from age 55.

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