General Investment Account

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1

Hi all!

Suppose I max out my yearly ISA and start investing money through a general investment account.

Is it possible to transfer all of my general investment account to an ISA in the new tax year? I.e. suppose my general investment account has a value less than £20k, can I transfer it over easily in the new tax year?

Or, would I have to sell my ETF’s in my general account and transfer the money to an ISA in the new tax year?

2

You would have to sell your shares in your GIA and then either manually transfer the money to the ISA (withdraw, re-deposit) or get FT to do this for you, and then re-buy in the ISA.

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