A linked SmartDeal allows you to sell shares and then use the proceeds to buy shares in another company on the same SmartDeal bulk share dealing day. You need to place a share sale instruction first and then a buy shares instruction second. This guide shows you how.

Step 1: Having already registered for an Investment Account, log in to your account.

Step 2: Select Investment Account or ISA from the left hand menu to choose which account to SmartDeal in. SmartDeal will then appear as an option under that account for you to click.

Step 3: Select the option to buy or sell, and the name or symbol of the stock you wish to buy or sell. You can look this up easily by typing a few letters of the name and then clicking the ‘go’ button next to the search.

Once the search is complete, click the SmartDeal ‘tick’ button on your chosen stock to continue.

Please note that not all stocks are available for SmartDeal. Please view our SmartDeal stocks list for more information.

Select ‘sell’ and then click on the grey ‘Next’ button.

Step 4: Next you can place your sale options:

Quantity The number of shares you wish to sell (the amount of shares you own in that company already is shown in ‘Current holding’ above).

Amount to raise £ The maximum value you would like to raise from the sale of shares in pounds.

Then tick the box ‘Re-invest sale proceeds’ and click the grey ‘Go’ button. The scheduled date for the SmartDeal is shown to the left of this button.

Once you have added your sale instruction you will see it on your summary page.

Step 5: Click ‘buy’ to add a linked buy shares instruction. Select the ‘% of sale proceeds’ button and enter the percentage of the money made from your share sale to re-invest in the purchase of this company’s stock. For example, if you select 100%, all of the money made from selling ‘stock A’ will be used to purchase as many shares as possible in ‘stock B’. Any money left over, where whole shares could not be purchased, will go in to your ‘available cash’ within your account.

Click the grey ‘Go’ button and then the red ‘Add’ button to complete the set up.

Once added, you will be able to see both your buy and sell instructions on your summary page. These can be deleted prior to the scheduled date if you need to.