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Can I move my investments from my ISA to my GIA? (IG Invest)

Can I move my investments from my ISA to my GIA? (IG Invest)

No, you cannot directly move investments from an ISA (Individual Savings Account) to a GIA (General Investment Account). To transfer investments from an ISA to a GIA, you would first need to:

1. Sell the investments within your ISA.

2. Transfer the resulting cash from your ISA to your GIA.

3. Repurchase the investments within the GIA.

Note: this process can result in losing the tax benefits of the ISA, as any future gains in a GIA are subject to Capital Gains Tax (CGT) and income tax on dividends, unlike the tax-free status of an ISA.

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