Transfer portfolio from Invest to ISA

🤝 Help
1

I’d like to open a 24-25 Isa account next week and transfer the stocks and cash from my current Invest account to it.

A couple of questions:

  1. Do I need to sell all the stocks, transfer the cash, and then repurchase them in the ISA, or is there an automated way to do it?

  2. If I have to sell them all, can I transfer various currencies between the accounts, or do I need to to transfer GBP only, incurring double fx fees on every overseas stock?

TIA

Martin

2

Welcome to the Community :pray:

Transferring shares between accounts is not supported.

HMRC rules don’t allow you to hold foreign currency in an ISA.