Bed & ISA query

CaptainWales

I am struggling to work out whether it is best for me to use the Bed & ISA method to fund my S&S ISA this year, or put £20k directly into the ISA (from money held elsewhere).

I bought some shares at 540.50p per share in August 2025. Those shares are now worth 783.21p each. So a gain of 242.71p per share I believe. These were bought in my General Investment Account (GIA).

If I move £20k worth of shares out of my GIA using the Bed and ISA method, will there be a tax implication for me this tax year (I'm thinking CGT in particular)? If so, I was thinking of putting £20k of money from elsewhere directly into my S&S ISA.

Any advice greatly received.

eskbanker

If you Bed & ISA £20K worth of shares at 783.21p after buying at 540.5p, then this will crystallise a chargeable gain of about £6.2K, which, after applying your annual £3K exemption, would leave £3.2K on which CGT would be payable.

While CGT is generally unwelcome, the situation won't get any better unless the shares start to decrease in value, so if you're expecting continued growth then you might as well sell some at this stage, even if it's only enough to use up your £3K CGT allowance, and top up the ISA with other money?

Obviously if you're not expecting continued growth then you'd need to consider why you bought them in the first place!

CaptainWales

Thank you. My expectation is that over time the shares' value will continue to increase. Roughly how many shares could I sell but stay within the £3k annual allowance?

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81969352#Comment_81969352

£3000 / £2.4271 = 1,236

CaptainWales

Thanks.

I've contacted Scottish Widows to try and effect a Bed & ISA transfer. But apparently they can't move my funds from MYRURD and MYKAAX as they are not individual company shares. I thought ETF's were eligible products for bed & ISA? Unless I've made a mistake and these are not ETF's?

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81970399#Comment_81970399

Can you be more specific? Those look like codes for OEICs.

CaptainWales

BlackRock MyMap6

Ishares pacific ex japan

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81970399#Comment_81970399

The goalposts seem to have moved a bit but if SW really do have a Bed & ISA process that excludes these OEICs (and I can't think why they would), then you can always just sell units from the GIA, transfer the proceeds into the ISA, and repurchase there, as that's all that Bed & ISA does, albeit it's more convenient for it to be lumped together as one joined-up process.