Member Info for Paul2566

hefonthefjords

Thanks for the reply.

I am I think trying to solve an impossible puzzle but worth a go.
In essence I have around £250k of stocks outside any tax haven and over the next few years have to find the best way to get them into my ISA.
I'm not aware of any way (except in very limited circumstances) where I can simply have the stock transferred into the ISA wrapper, so have to sell stocks and transfer cash.
It may be due to the time delays I will take a hit on some and gain on others so hopefully it will even out a little.

Slikoil

Thank you for your reply, hopefully I will have funds to allow me as you suggest to buy in the ISA before selling in the bed, but I could only manage this once, I am unlikly to have funds to allow me to do the same with my wifes ISA.
I don't really want to transfer any funds out of the ISA to replenish the BED funds.
I'm going to have to try and get around £250k from the BEDs to the ISAs over the next few years, and I'm trying to work some magic to minimise any tax burden, and minimise any loss during the transfer.

To be honest I'm not even sure what I would like is possible, but exploring as many options as possible.

Hoping that someone else here has had the same (nice) problem to solve and has come up with a solution.

I see the mistake in my posting that cause confusion.
I meant out of my BED account.

I meant out of my BED account.

I meant out of my BED account.

I meant out of my BED account.

I meant out of my BED account.

I meant out of my BED account.

I see my error.
I meant out of my BED account.

I meant out of my BED account.

Gerry557
Oh and thanks for pointing me towards The Lemon Fool, as suggested I posted the same question ther, but hopefully a little clearer.

Gerry557
Sorry perhaps I wasn't clear. I don't want any stocks in my BED account, but my ISA allowance has meant its been my only choice, but over the next few years I will be moving stocks into my ISA using the £20k allowance. Plus moving stocks into my wifes ISA using her £20k allowance.
While I have been buying stocks for the last 20+ years, this is a problem that has only recently become an issue.

I don't want to be out of the market, but once the stock is sold, and funds have cleared, I cannot transfer cash directly from my BED to the ISA, hence clearing through my bank account which can take upto 4 days in total.

Selling pre ex-dividend and buying post ex-dividend is what I had in mind, but is there any way that it can be timed to capture the dividend and still benefit from the potential SP drop. As I understand it to get the dividend in the BED I would have to hold that stock until the markets close on the ex-dividend date. If I then sold the very next trading day I would get the dividend, and may get some small benefit from the SP drop.

The £2k dividend allowance is exceeded on both the wifes account and my account, but as you say a nice problem to have, its not that I'm wealthy, but had a largish lump sum from a final salary pension, and sale of another property. Hence the problem being a fairly recent one that I havent had the need to consider before as the £20k ISA allowance wasn't an issue.
I appreciate the time you took to reply.

Hi
While I would not usually consider dividend capture strategies, as I tend to try and pick a stock to hold and would consider myself an investor not a trader, I havea puzzle I need help to solve despite checking online.
The last couple of years I have maxed out my ISA and the wifes ISA so started a BED account.
I need to start thinking about the next tax year and how best to move stock into the BED account for 2022 and beyond.
I will of course keep an eye on tax implications as I go to minimize losses.
One strategy I am considering is selling after the dividend is declared and on the lead into the ex-dividend date from the BED account, transferring funds into the ISA and buying back the stock post ex-dividend date. I am just not sure how the timing works and if it would be effective.
The problem I have is the time delay, by the time I have sold in the BED, transferred funds to my bank account and moved them into my ISA I am looking at 4 or 5 days and while this delay could work in my favor, my luck suggests it is more likly to work against me.
All things being equal I am transferring the stocks likly to cause the biggest tax liabilities first.
Has anyone done this or can offer any advice or pitfalls to watch out for.
I appreciate that its just advice and any adverse outcome is my responsibility, but it may give me things to consider that I hadn't thought of.
In essence what I'm trying to achieve is to transfer stocks held in my BED into my ISA as efficiently as possible. With some types of stock I am given to understand dividend capture is less efficient (utilities ?) so I will try and make use of the SP changes around the ex dividend date. Others I may benefit from dividend capture.

Thanks in advance for anyone who can find the time to reply.

I keep chasing this down, but it continues to defy logic.

SFH300
Yes sorry I wasn't clear. What I'm trying to achieve is to transfer stocks held in my BED into my ISA as efficiently as possible. With some types of stock I am given to understand dividend capture is less efficient (utilities ?) so I will try and make use of the SP changes around the ex dividend date. Others I may benefit from dividend capture.
If I understand it correctly I cannot simply transfer the stock directly from my BED into the ISA in this instance, although I am aware there are certain specific circumstances where that can be possible.
In my circumstance I cannot simply transfer cash from the BEd to the ISA, hence I have to clear funds through my bank account.
Cheers

nomlungu
Thank you for your reply.
I am lucky enough to now be retired fairly young due to a final salary pension, and can't access any other pensions for 8 years or so.
I agree with the comment about advice from strangers, however I do use these boards to generate further consideration and research. there are many on here that post drivel, but always the odd golden nugget worth consideration, just takes a bit of mineing.

Hi
While I would not usually consider dividend capture strategies, as I tend to try and pick a stock to hold and would consider myself an investor not a trader, I havea puzzle I need help to solve despite checking online.
The last couple of years I have maxed out my ISA and the wifes ISA so started a BED account.
I need to start thinking about the next tax year and how best to move stock into the BED account for 2022 and beyond.
I will of course keep an eye on tax implications as I go to minimize losses.
One strategy I am considering is selling after the dividend is declared and on the lead into the ex-dividend date from the BED account, transferring funds into the ISA and buying back the stock post ex-dividend date. I am just not sure how the timing works and if it would be effective.
The problem I have is the time delay, by the time I have sold in the BED, transferred funds to my bank account and moved them into my ISA I am looking at 4 or 5 days and while this delay could work in my favor, my luck suggests it is more likly to work against me.
All things being equal I am transferring the stocks likly to cause the biggest tax liabilities first.
Has anyone done this or can offer any advice or pitfalls to watch out for.
I appreciate that its just advice and any adverse outcome is my responsibility, but it may give me things to consider that I hadn't thought of.
Thanks in advance for anyone who can find the time to reply.

Hi
While I would not usually consider dividend capture strategies, as I tend to try and pick a stock to hold and would consider myself an investor not a trader, I havea puzzle I need help to solve despite checking online.
The last couple of years I have maxed out my ISA and the wifes ISA so started a BED account.
I need to start thinking about the next tax year and how best to move stock into the BED account for 2022 and beyond.
I will of course keep an eye on tax implications as I go to minimize losses.
One strategy I am considering is selling after the dividend is declared and on the lead into the ex-dividend date from the BED account, transferring funds into the ISA and buying back the stock post ex-dividend date. I am just not sure how the timing works and if it would be effective.
The problem I have is the time delay, by the time I have sold in the BED, transferred funds to my bank account and moved them into my ISA I am looking at 4 or 5 days and while this delay could work in my favor, my luck suggests it is more likly to work against me.
All things being equal I am transferring the stocks likly to cause the biggest tax liabilities first.
Has anyone done this or can offer any advice or pitfalls to watch out for.
I appreciate that its just advice and any adverse outcome is my responsibility, but it may give me things to consider that I hadn't thought of.
Thanks in advance for anyone who can find the time to reply.

Hi
While I would not usually consider dividend capture strategies, as I tend to try and pick a stock to hold and would consider myself an investor not a trader, I havea puzzle I need help to solve despite checking online.
The last couple of years I have maxed out my ISA and the wifes ISA so started a BED account.
I need to start thinking about the next tax year and how best to move stock into the BED account for 2022 and beyond.
I will of course keep an eye on tax implications as I go to minimize losses.
One strategy I am considering is selling after the dividend is declared and on the lead into the ex-dividend date from the BED account, transferring funds into the ISA and buying back the stock post ex-dividend date. I am just not sure how the timing works and if it would be effective.
The problem I have is the time delay, by the time I have sold in the BED, transferred funds to my bank account and moved them into my ISA I am looking at 4 or 5 days and while this delay could work in my favor, my luck suggests it is more likly to work against me.
All things being equal I am transferring the stocks likly to cause the biggest tax liabilities first.
Has anyone done this or can offer any advice or pitfalls to watch out for.
I appreciate that its just advice and any adverse outcome is my responsibility, but it may give me things to consider that I hadn't thought of.
Thanks in advance for anyone who can find the time to reply.

Hi
While I would not usually consider dividend capture strategies, as I tend to try and pick a stock to hold and would consider myself an investor not a trader, I havea puzzle I need help to solve despite checking online.
The last couple of years I have maxed out my ISA and the wifes ISA so started a BED account.
I need to start thinking about the next tax year and how best to move stock into the BED account for 2022 and beyond.
I will of course keep an eye on tax implications as I go to minimize losses.
One strategy I am considering is selling after the dividend is declared and on the lead into the ex-dividend date from the BED account, transferring funds into the ISA and buying back the stock post ex-dividend date. I am just not sure how the timing works and if it would be effective.
The problem I have is the time delay, by the time I have sold in the BED, transferred funds to my bank account and moved them into my ISA I am looking at 4 or 5 days and while this delay could work in my favor, my luck suggests it is more likly to work against me.
All things being equal I am transferring the stocks likly to cause the biggest tax liabilities first.
Has anyone done this or can offer any advice or pitfalls to watch out for.
I appreciate that its just advice and any adverse outcome is my responsibility, but it may give me things to consider that I hadn't thought of.
Thanks in advance for anyone who can find the time to reply.