Bed and isa can anyone explain it to me please

[RazzleDazzleEm]

I have some shares on paper I want in my s&s isa.

You would have to sell the shares and buy them back with a S&S ISA wrapper.

Thank you.

Do I need to do this in a special way? How do I prove it or what do I say on tax return and how long after doing this can I sell some or transfer them into other share

You can only put £20k in an isa each year .
Invest £20 k into an ISA now and any excess money in a GIA.
On April 6 2024 you can invest another £20k into an ISA
On 5 April sell up to £20k of your investments and you can reinvest the money in tax free isa wrapper.

You want your stocks in the tax efficient ISA but not allowed to transfer them straight in. So the idea is that it’s done as quickly as poss (sale and repurchase) so you’re not out of the market for any length of time. Weird name, isn’t it! Never thought about why

ps you can instruct s&s to do it as a bed and isa so you don’t lose any market exposure (you’re basically telling them to make it snappy!) Like PP says, the usual ISA limits apply for any cash going in so may only be able to bed & isa part of your investment

I'm no where near my isa limits at all, ever and don't imagine I ever will be.

So I do it i
All myself...

My share is paper with x company and my isa is elsewhere

@RazzleDazzleEm haha i’m never close to maxing out my ISA limits either. One day, Rodney…

Best checking with new provider but usual process is to send the certificate to them so they can sell and repurchase at their end

The name comes from a process that used to be called "bed and breakfast" where you would sell shares one day and buy back the next day - realising any losses that could be used to offset tax liabilities in that tax year. This loophole was closed years ago.

Ok thanks mother...

I did call today and they didn't know but said would find out..

www.barclays.co.uk/investments/moving-investments/more-about-bed-and-isa/#:~:text=While%20the%20name%20'Bed%20and,back%20less%20than%20you%20invest.