How can I put shares that I already own into a Vantage Stocks & Shares ISA?

In order to transfer shares into an ISA they have to be sold and then bought back into the ISA wrapper. This is known as a Bed & ISA. We waive the normal stockbroking commission to sell your shares, saving you as much as £50. All you pay is 1% (minimum £10, maximum £50) to buy your shares back within the ISA and stamp duty of 0.5% (on UK listed stocks). Furthermore, as we buy back the shares immediately, the only difference in price will be the standard bid/offer spread so you will see a small difference in the number of shares you sell and the number you buy back. Please note, if you are selling shares and reinvesting elsewhere a flat £15 charge will apply to the sale so you will see a small difference in the number of shares you sell and the number you buy back. Please note, if you are selling shares and reinvesting elsewhere a flat £15 charge will apply to the sale.

Once in the ISA, the annual management charge to hold shares is just 0.5% +VAT (maximum £200 +VAT). To Bed & ISA your shares please send us your share certificates, a Vantage ISA application form and a covering letter. If the shares that you wish to Bed & ISA are already held in a Vantage Share Account, we simply require a letter of instruction with the Vantage ISA application form.

Find out more about bed and ISA.