A question of Capital Gains Tax.
I have capital with an investment company after selling my shares in a SIPP and an ISA. I want to purchase Pensioner Bonds and realise that I have limited time left. When I contacted NS&I who provide the bonds, I was told that NS&I don't except transfers from anything other than my own bank account. If I transfer the funds from the investment brokers into my bank account they are instantly subjected to capital gains tax as they have been in sheltered accounts, i.e. a SIPP and an ISA. How can I overcome the tax issue and still be legal? My local tax office is useless for advice.
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