Bed and ISA

UbonBlue

I presently have a stock and shares ISA, and a general investment account with EQI.

I have been informed that their fees will be increasing on 1st April.

Are there any flexible ISA providers that will do bed and ISA.

I just take my dividends from the ISA and then top up shares from the general account so do not really buy new shares-I have investment trusts. 71 years old so use the dividends for income to supplement my pension.

I was looking at Trading 212 or Freetrade, But I cannot see if they do bed and ISA's.

dunstonh

Are there any flexible ISA providers that will do bed and ISA.

Most of them. Bed & ISA is a routine transaction. However, it's only a joined-up process for manually selling in the GIA, moving the money to the ISA and then buying again. So, even if they don't do it on a joined-up basis, you can still do it manually.

UbonBlue

Thanks for the reply. I intend moving all my shares in EQI due to the increase in costs. I will only do 1 or 2 trades a year. I am not sure which platform to change to. Tending towards Trading 212.

jimjames

I just take my dividends from the ISA and then top up shares from the general account so do not really buy new shares-

I don't really understand this. Why are you taking income out of the ISA and when you have shares outside? From a tax perspective it would make far more sense to use the money outside the ISA first and keep as much in the ISA as you can.

But there are many providers who offer free or low fees for ISAs such as Scottish Widows, ii, T212 etc