Funding your Self-Select ISA

You can fund your ISA up to your annual ISA allowance by investing cash or shares that you already own.

If you choose to put shares you already own into your ISA, you will need to sell them and buy them back within the ISA. This process is called "BED&ISA". Don't worry it is not as complicated as it sounds and we'll help you through the whole process.

Selling shares that are within your Self-Select ISA

When you sell shares, you can choose to either leave the money in your ISA to re-invest (subject to Inland Revenue limits) or withdraw it. When you want to buy new shares, you can either use money that's already in your ISA or add money to it - again, up to the annual government limits.

Administration fees

Our current administration fee is just £30 + VAT per annum for investments up to £7,200 and £60 + VAT per annum for investments over £7,200.

If you have Self-Select ISAs with other providers, consolidating them into a BrokerLine Self-Select ISA could reduce the amount of your annual administration fees.

Did you know? If you maintain £25,000 or more in a NatWest Brokerline Self-Select ISA, your annual administration fees will be waived for the lifetime of the account.

The different types of ISAs and the current annual investment limits

A Self-Select ISA is a Stocks and Shares ISA where you make all the decisions. You decide what investments to buy and sell within your ISA portfolio.

The annual ISA investment allowance for tax year 2008/09 is £7,200, all of which can be invested in a Brokerline Self-Select ISA.

Alternatively up to £3,600 of that allowance could be put into a cash ISA with the remainder of the £7,200 invested in your Stocks and Shares ISA.