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Increasing funds in an ISA account.


majonevans

Question

Hello everyone, I am new to share dealing on a platform. Last time I bought shares, I was telephoning brokers and holding share physical share certificates. My question relates to an ISA share account. I can see that next year I will be able to add an additional £20K from my bank account into this account, but can I move shares currently in an ordinary IG share dealing account up to the value of £20K into this account or do I need to sell the shares, transfer the money and re-buy them in the ISA account? Obviously if I can just move the asset I already own, I won't incur the selling fees, the buying fees and the stamp duty re-buying the shares I have just sold (that I have already paid the buying fees and duty on). I apologise in advance if this is a bit of a basic question but I can't seem to find the information to answer this anywhere.

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