Bed and ISA vs new ISA - ii

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I’ve been fortunate enough to be able to max out my ISA allowance for 21/22 and have been putting c £500 per month extra into a GIA account with ii. With the new financial year approaching I’m interested in the pros and cons of:
1. Opening a new S&S ISA with ii and adding my monthly amounts into that and leaving my GIA as it is for now
Vs
2. Using the ii bed and ISA facility to transfer £20k of my GIA into an ISA and continuing to add additional monthly sums into my GIA
The only key difference I can see is that the option 1 takes a long time to build up while option 2 is in the market for longer in an ISA wrapper.
Thoughts welcome. Many thanks.
1. Opening a new S&S ISA with ii and adding my monthly amounts into that and leaving my GIA as it is for now
Vs
2. Using the ii bed and ISA facility to transfer £20k of my GIA into an ISA and continuing to add additional monthly sums into my GIA
The only key difference I can see is that the option 1 takes a long time to build up while option 2 is in the market for longer in an ISA wrapper.
The money is in Vanguard LS 60 & 40. I’d be looking on drawing it out in the next 5-8 years as part of an early retirement plan.
Thoughts welcome. Many thanks.
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I’ve realised that we also have my husband’s ISA allowance as well so I could move £20k into that but perhaps the bed and ISA (why on earth is it called that?) isn’t possible when the destination ISA is not in your name.