RE: 2 red trades circa 500k shares are not sells25 Jan 2023 15:50
Lord Chaos.. Normally a Bed and Isa box on your brokers website..
Sell from your trading and the stock goes into your Isa Crystallise gain or loss . Very little spread .
Difference with SIPP. Is you need to transfer funds into your Sipp to buy the shares from your trading account.
Then you ring your broker.. to sell the same amount of shares ( in my case) to the Sipp at a minimal spread.
Its called a put through , only downside is you pay for a standard trade Digital Trade and a telephone trade.
Not the cheapest but the spread makes up for that.. Buy and sell at cost literally
Being the ripe old age of 55 yrs old you can pay £40k a yr into a sipp Draw a quarter out at will in cash tax free immediately if you want and leave the remaining in to trade. In fact you can go back 3 yrs plus this yr so if no contributions £160k.
Best to trade tax free...if you can... only when you need proper leverage does the Trading account come in...
£20k in an Isa and £40k in a Sipp is a no brainer...
Hope that helps ..
ATB