What is a Bed and ISA and how much does it cost?
A Bed and ISA is a way of transferring shares from either a nominee account or certificated form into an ISA.
It is not possible under HM Revenue and Custom (HMRC) rules to put shares directly into an ISA. This means that to put your shares into an ISA they must be first sold, the cash transferred into the ISA and then the shares repurchased. The sale and repurchase are made at the same time to limit potential price movement.
A Bed and ISA can be done over our telephone service by calling 0808 156 6000. Alternatively complete a Bed and ISA Form which is located in the
Useful Forms
section of our website and send it to us along with your written instructions and the share certificate(s) (or notification of the stock being held in Nominee).
Post your completed bed and ISA form and instructions to:
Direct Trader
Structured Products
FREEPOST NEA 14757
PO Box 549
Leeds LS1 4ZY
Telephone Commission is charged on the sale and the repurchase.
Please refer to our rates card or ask our dealers if you are unsure about the costs on your account.
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