Converting Freetrade account to ISA


(Henry) #1

I currently have a standard Freetrade account but would want to switch this to an ISA in the new tax year. Would I have to sell any investments in order to switch the account type or can this be done seamlessly?


Do basic orders queue sales before buys?
(Alex Sherwood) #2

Yes you’ll need to sell your investments in order to switch to an ISA & then purchase them again once it’s open. Obviously you won’t pay any fees for those sales / purchases though, if you use basic orders.


(Henry) #4

Thanks, I’ll pause my schduled investments and hold as cash until then.