RE: advfn14 Aug 2018 20:15
No probs mate, looks like a bed & SIPP is even more restricted tax-wise than an ISA as you can only have £11,700 tax free:
"A Bed and SIPP lets you top up your pension by using your existing investments as SIPP contributions. You simply sell your investments and use the proceeds to open or top up your pension. You can then buy the same investments back, select different ones or simply leave the cash in your account. Whatever you choose, you could benefit from the tax benefits of pensions on your current investments.
Why Bed and SIPP?
The main reason to carry out a Bed and SIPP transfer is to make use of the tax benefits of a pension without investing any new money. Just like ISAs, investments in pensions grow free from both Capital Gains Tax and Income Tax – so you could have more money left to enjoy in retirement.
Capital Gains Tax with a Bed and SIPP
When you first sell your investments, any gains you make could be covered by your annual Capital Gains Tax (CGT) allowance – £11,700 in the current tax year. If your gains exceed the allowance, you will pay your usual rate of CGT on the excess. But if you make a loss you could offset any other capital gains made this year or in the future."