Moving existing shares from Share dealing account to ISA

[bendywendy]

Is it possible to transfer my existing IG shares into an IG ISA instantly?

I've tried using Live chat several times but no-one available, & I'm hanging on the phone now - but hopefully someone will have a quick answer for me?

Thank you!

Edited March 3, 2021 by bendywendy

[CharlotteIG]

On 03/03/2021 at 11:33, bendywendy said:

Is it possible to transfer my existing IG shares into an IG ISA instantly?

I've tried using Live chat several times but no-one available, & I'm hanging on the phone now - but hopefully someone will have a quick answer for me?

Thank you!

Thanks for your post. 

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 us so we can help. 

Alternatively you can sell the stock, wait for the funds to settle, move the funds and buy them back in the ISA. 

All the best 

[JSR]

4 hours ago, CharlotteIG said:

Thanks for your post. 

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 us so we can help. 

Alternatively you can sell the stock, wait for the funds to settle, move the funds and buy them back in the ISA. 

All the best 

I think the point the Client is trying to make, is no body picks up the phone. This has been my experience. Waiting for literally an hour at a time, and then still no one picks up. 

 

This raises the question ... Is there actually anyone there to answer the phone?

Edited March 5, 2021 by JSR