Bed & ISA process

Bed & ISA Process (including Automation Option)

You instruct this from an ISA account. 

By using the “Internal Transfer” payment method within an ISA account's ‘Application’ or ‘Add/Amend Contributions’ journey, you can set up a one-off or a recurring value to be transferred from a chosen GIA (including a Joint GIA if required). 

This instruction will be successfully completed providing:

1.     the target GIA account has sufficient funds available (Divestment will be performed where required) and 

2.    this action does not exceed the ISA subscription limit. 

The cash will be transferred to the ISA account and automatically invested. 

The Automated Bed & ISA functionality supports the definition of an amount (within the ISA limit), a frequency (one off, monthly, quarterly, half yearly or yearly for example) and the regular date for the transfer of cash from a GIA to an ISA for a given investor. 

Method for both one off and automated Bed & ISA:

Follow the standard ISA Application or Add/Amend Contributions process.

Select ‘Internal Transfer’ method.

Select the appropriate target GIA account, date and frequency.

Complete the User Journey.

An Amendment PDF will be automatically stored in the Investor’s Document area.

The action will display in the Account Details screen as an ‘Inter-Account Transfer’ and will also display the frequency- ‘one-off’ or ‘yearly’ for example.

The Statement screen will also display the action in both the GIA and the ISA Account/Wrapper.

If you wish to amend or cancel a Bed & ISA instruction please raise a Freshdesk Ticket and we will assist you.