RE: Bed and isa23 May 2019 11:57
That's pretty much my understanding douve. Imagine the ISA account as a separate room - you take 20 grand of cash per annum into that room and invest in whatever shares you like, they are then tax free if they rise. So you put 20 grand in in year one, buy 20 grand's worth of shares and wait. Over that year those share treble in value (I wish!) and next year you can stick another 20 grand in and buy more shares with it. And so on, every year. Let's say you do really well and after three years you have put 60 grand in, and your portfolio in the 'ISA room' is worth 300,000. You can sell some of those shares, but as long as the cash you get for them doesn't leave the 'room' you can buy other shares with it. So you could have 60 grand of shares in company A, sell them and buy 60 grands' worth in company B, but they are still in the ISA room. If you take the 60 grand cash out, you can't replace it with 60k cash at a later date because you can only put 20k a year through the 'in' door. So also if you have 20k of Scancell shares in an ordinary share account and want to move them into an ISA, then you have to sell them, move the cash through the 'door', and then re-buy. But if the money is already in the room as shares or cash, you can buy as many shares as is available in cash or sold shares already within the ISA. Hope that makes sense, and Roses - if you want to confirm that analogy or amend it I'd welcome your views.