RE: ISA wassa thinking re Bed & ISA...23 Mar 2019 13:03
The spread on Bed & ISA transactions seems minimal with most brokers, whether at low price the cost is proportionately larger I am unsure.
Best investors check with their brokers.
"Although you can sell out of a shares account and then put the cash into an Isa, and then buy back into those same shares yourself, there is a risk that the number of shares will fall while you're doing it. Using a "Bed and ISA" service you often just pay for one transaction not both and because it is "instantaneous" the variation between the buy & sell price (the spread) is minimised so minimal loss of shares. Remember, it is not the shares that are being transferred, it is the value of those shares.
"Originally quoted a Selling Price of 2.70p and Buying Price of 2.90p which would have cost me nearly £1,500 to secure the full £20k ISA for 2017/18. The good guys at Halifax told me they would arrange a "manual deal" where they speak to the Money Makers. I ended up Selling at 2.80p and Buying at 2.81p so cost me around £80 - very happy with this" Redirons 10/04/17"