£3,000 a year tax-free (£6,000 between spouses). Compounded over a decade, that's a real chunk of unrealised gains moved out of CGT range.
9 tax years to clear £50,000 of gains using the allowance each year
Material saving. Phasing across the chosen horizon roughly halves the tax bill versus one-shot liquidation. Bed-and-spouse or bed-and-ISA mechanics let you actually realise the gain each year without changing your underlying exposure.
2024/25 onward UK CGT annual exempt amount: £3,000 per individual. Bed-and-spouse and bed-and-ISA mechanics rely on share-matching rules, check the 30-day rule before re-buying the same fund. Not advice; consult a qualified adviser.
Worth tracks the CGT calendar alongside your ISA, LISA and pension allowances so nothing expires unused. Join the waitlist.
The CGT annual exempt amount was £12,300 in 2022/23, then £6,000 in 2023/24, then £3,000 from 2024/25 onward, a 76% cut in three years. Practical effect: annual harvesting matters far more than it used to for anyone with material GIA gains.
If you sell shares and buy back the same shares within 30 days, HMRC treats the buyback as matching the sale, so the disposal is reversed for CGT purposes. To genuinely realise a gain, either switch to a different fund (e.g., one S&P 500 tracker to another), wait 30 days, or use bed-and-spouse or bed-and-ISA.
Bed-and-ISA sells from the GIA and immediately re-buys inside an ISA, moves the gain into a tax-free wrapper plus uses the £20,000 ISA allowance. Bed-and-spouse transfers assets to a spouse (CGT-free between spouses), who then sells and uses their own £3,000 allowance, doubles the household harvest each year.