Open or top-up a Stocks & Shares ISA or SIPP with existing investments
We believe it is vital to shelter as much of your capital from tax as possible and, in many cases, the tax shelters available to investors cost no more than holding your investments outside a ISA or SIPP.
Our Bed & ISA and Bed & SIPP service allows you to sell your shares free of charge and use the proceeds to open, or top up, an ISA or SIPP. You can then immediately buy the same shares back, choose another investment or hold cash. Please note the sale could generate a capital gain (or loss).
How much does a Bed & ISA/SIPP cost?
Bed & ISA/SIPP frequently asked questions
- How long does it take to process a Bed & ISA/SIPP?
We aim to carry out your Bed & ISA/SIPP as soon as possible. Normally this will be the same day we receive your instruction. However, when dealing volumes are unusually high there may be a delay. The first deal will always be placed within four working days of receipt.
'Placed' for shares means the instruction will be dealt at the live market price and for funds, the instruction is passed to the fund manager to be dealt at the fund's next valuation point.
- How do I place a Bed & ISA/SIPP instruction?
Placing a Bed & ISA/SIPP instruction is easy. The quickest, easiest and lowest cost way to deal is online. If you hold your shares or funds in the Vantage Fund & Share Account, and have registered for online access, you can give us your instruction by logging in to your account and following the Bed & ISA/SIPP links next to your holding (indicated by the bed icon). Alternatively you can download a Bed & ISA or Bed & SIPP form and send it into our office.
Please bear in mind that a Bed & SIPP is a pension contribution to help fund your retirement. You will not have access to your money until age 55 at the earliest. It is your responsibility to check that you are eligible. Please refer to the Key Features of the Vantage SIPP for details. If you have any questions please do not hesitate to call our Pensions Helpdesk on 0117 980 9926.
- Will I buy back the same number of shares or units?
No. When selling and buying shares or funds there will normally be a difference in price due to the bid-offer spread, and/or the price moving on your fund. Together with dealing commission and stamp duty (where applicable), this means you will not buy back exactly the same number of shares or units as you sell.
We always endeavour to minimise the bid-offer spread on Bed & ISA/SIPP share trades and we will buy back your shares immediately after they have been sold.
- Can I Bed & ISA/SIPP share certificates?
Yes you can Bed & ISA/SIPP share certificates. Simply complete a postal Bed & ISA or Bed & SIPP form and return to our office along with your valid share certificates.
After processing your certificated Bed & ISA/SIPP we will send you a CREST transfer form, this must be signed and returned to our office by 31 March 2015. Failure to do this could result in the ISA or SIPP contribution becoming void or moving to the next tax year. Balance share certificates, where applicable, will be returned on completion of the Bed & ISA/SIPP.
Three ways you could benefit
Please remember, tax rules can change and any benefits will depend on your personal circumstances.