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Bed and ISA/SIPP

Move investments to an ISA or SIPP

Important information - Investments can go down as well as up in value, so you could get back less than you put in. The information on this page isn't personal advice - please ask us for advice if you’re not sure which course of action or investments are right for you. Pension and tax rules can change and their benefits depend on your circumstances. Once held in a pension your money isn’t usually accessible until age 55 (57 from 2028).

You can use investments from your Fund and Share Account to open or top up an ISA or SIPP. This is sometimes called a Bed and ISA or Bed and SIPP.

Due to our COVID-19 service changes, we are not currently able to do this for you. Instead you can sell investments in your Fund and Share account online, and move the money to your ISA or SIPP. You can then reinvest the cash.

How to move investments

Step 1

Sell the investments you’d like to move

Log in to your HL Fund and Share Account and sell investments. Standard share dealing charges apply. There are no dealing charges for funds.

It usually takes two to four working days for trades to complete and money to show in your account.

Step 2

Move money to your ISA or SIPP

Once your trades have completed you can transfer the money:

  • In your Fund and Share Account, choose the Cash tab
  • In the Manage cash on your account box, choose Transfer money
  • Select whether to move your money to your ISA or your SIPP

Make sure you’ve checked your ISA and pension contribution allowances before paying in.

Step 3

Buy back investments in your ISA or SIPP

You can buy back your investments in your ISA or SIPP at our standard share dealing charges. There are no dealing charges for funds. You may not be able to buy as many fund units or shares as you held before. This can be because of:

  • Market prices changing
  • The difference between the buy and sell price (the bid-offer spread)
  • Dealing charges and stamp duty (where applicable)

Moving investments to an ISA or SIPP this tax year

The tax year ends on 5 April. To use investments for this tax year’s ISA or SIPP, make sure you’ve sold investments in your Fund and Share Account by 25 March for funds and 30 March for shares.

It’s better not to leave it to the last minute, in case your trades take a bit longer to complete.

The money needs to be in your ISA or SIPP by midnight on 5 April to count for this tax year.