transfer shares from standard account to ISA shares accoutn

[Alphacharlie]

Hi,

I have an active account on IG standard shares dealing, also I have created an ISA account on IG under the same account, now I would like to transfer all of my shares investment to ISA. Please advise how this can be achieved & how long does it take?

Thanks

[CharlotteIG]

On 11/08/2020 at 10:11, Alphacharlie said:

Hi,

I have an active account on IG standard shares dealing, also I have created an ISA account on IG under the same account, now I would like to transfer all of my shares investment to ISA. Please advise how this can be achieved & how long does it take?

Thanks

Thanks for your post. 

You can either sell the stock yourself wait for the funds to settle and buy the stock back but you run the risk of the price moving (however it could move in your favour). 

You can transfer shares from your share dealing account to ISA via the Bed & ISA process, which involves selling the shares and repurchase them on the ISA account. This process can be done over the phone with one of our dealers.  

It'll cost £40 in commission per line of stock to sell the shares on share dealing account but free of charge to repurchase on the ISA. There will also be spread costs which is capped to roughly £30 per line of stock, however, this is generally cheaper for the majority of stocks.

If you're interested in doing so, please call our dealing team on 020 7896 0000 during market hours and we'll be happy to assist.

All the best