Transfer SAYE shares to Flexible Investment ISA


I would like to check my understanding is correct please.

My SAYE has just completed and I am about to exercise my options. I will make a gain over the GC tax allowance and so I would like to transfer the shares into my Investment ISA this tax year. I have £16k allowance currently available.

My Investment ISA with Barclays is Flexible and I am therefore allowed to remove funds and replace them during the tax year so long as I remain with the £20k total at the end of the tax year.

I therefore plan to transfer £16k worth of SAYE shares to my IISA, withdraw them as cash and then transfer another £16k worth. This will mean that I am not liable for GC tax. 

Please can someone knowledgeable confirm that my thinking is correct? Much appreciated.


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