how to transfer shares from T/A to ISA

[Paulg54]

I want to transfer shares from my IG trading account to my IG ISA but can't figure out how to do it. Your advice would be much appreciated. 

[Caseynotes]

2 hours ago, Paulg54 said:

I want to transfer shares from my IG trading account to my IG ISA but can't figure out how to do it. Your advice would be much appreciated. 

Hi, I may be wrong but I don't think you can move shares or other assets between accounts (except cash).

The IG helpdesk should be able to provide a quick answer.

[CharlotteIG]

On 02/11/2019 at 10:10, Paulg54 said:

I want to transfer shares from my IG trading account to my IG ISA but can't figure out how to do it. Your advice would be much appreciated. 

Hey @Paulg54, 

Thanks for your feedback message.

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. Please do ask them on the phone or email us to make sure the stock is ISA eligible.

 The cost is £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.

Alternatively, if the stock is ISA eligible you can sell the stock wait for the funds to settle move the money across then buy it back on your ISA but you would pay two commission charges and the price ay have potentially moved out of your favor. 

I hope this helps