S&S to S&S ISA question

jimjames

GeoffTF said:

motinter said:

Cheese1990 said:

Why sell you should be able to just transfer the holdings across to the isa account? 

• In your Fund and Share Account, sell the shares that you’d like to move. It will take 2-4 days for the money to be ready after your trade
• Move the money to your ISA
• Use the money to buy back the shares in your ISA

If you can put fresh money in the ISA, you can sell in your dealing account and buy in the ISA at almost the same time. You can then use the proceeds of the sale to further fund the ISA and repeat... That will cost more in commission, unless you can do it in one go, but you will not be out of the market for long.

Yes that's how I've done it in the past. Makes it easy to ensure you're not out of the market and can time the trades to be almost in unison.