A Bed and ISA is a way of transferring shares from either a nominee account or certificated form into an ISA.
It is not possible under HM Revenue and Custom (HMRC) rules to put shares directly into an ISA. This means that to put your shares into an ISA they must be first sold, the cash transferred into the ISA and then the shares repurchased. The sale and repurchase are made at the same time to limit potential price movement.
A Bed and ISA can only be done over our telephone service by calling 0845 607 6001.
Commission is not charged on the sale. Telephone rates are charged on the repurchase. Please refer to our rates card or ask our dealers if you are unsure about the costs on your account.
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