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12 Mar 11
10:27
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Date Joined:
22 May 06
folks, i have blindly jumped on the shares bandwagon and put some money into CAD
however, lookking back a little i would have been better, i think, starting a share ISA, and buying the CAD shares from that
so, now i have a shares account, with share. com, can i open an ISA with them ands stick the shares into it, or do i ahve to sell the shares, put the money into the ISa and then rebuy the shares?
little confused, and totally new at this
Mick
however, lookking back a little i would have been better, i think, starting a share ISA, and buying the CAD shares from that
so, now i have a shares account, with share. com, can i open an ISA with them ands stick the shares into it, or do i ahve to sell the shares, put the money into the ISa and then rebuy the shares?
little confused, and totally new at this
Mick
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thanks for all the replies, most helpfull bunch
yes you should be able to transfer them in. try giving them a ring.
Q. Can I put shares from my employee share scheme into my ISA?
A. You can transfer any shares you get from an HMRC approved SAYE share option scheme run by your employer (that is, a savings related share option -'Sharesave' (or profit sharing scheme)a Share Incentive Plan
into a stocks and shares component of an ISA without having to pay Capital Gains Tax - provided your ISA manager agrees to take them. The value of the shares at the date of transfer counts towards the annual limit.
This means you can transfer up to £10,200 worth of shares in each tax year (assuming that you make no other subscriptions to ISAs, in those years).
You must transfer the shares within 90 days from the day they cease to be subject to the Plan, or (for approved SAYE share option schemes) 90 days of the exercise of option date. Your employer should be able to tell you more.
Q. Can I put windfall or inherited shares in my ISA?
A. No. You can only transfer shares you own into an ISA if they have come from an employee share scheme. Otherwise, the ISA manager must purchase shares on the open market.
The situation is the same if you have shares that you have inherited. You are not able to transfer them into an ISA.
From here: http://www.hmrc.gov.uk/isa/faqs.htm#6
So only shares from an employee share scheme might be eligible for direct transfer. Otherwise the shares have to be sold, the cash paid into the ISA and the shares repurchased.
However. There does appear to be a wriggle round, but it looks convulted
Although ISA rules prevent you from transfering shares from paper certificates directly in to a Stocks and Shares ISA, with our ISA you get a free Equiniti Investment Account. This is a no charge nominee account which you can transfer your certificated shares into and you can use this account to help you put shares into your ISA.
Once your shares are transferred in to an Investment Account you can sell them, transfer the money into your ISA and repurchase the shares within your ISA account, giving you the tax efficiencies. This can be done easily online or by calling customer services on 0845 300 0430. You will, however, be liable for any changes in share price which happens during this process.
To transfer your certificated shares into your Investment Account please complete a CREST Transfer form and send it with your certificates to Equiniti, PO Box 4605, Worthing, BN99 6QY . Your shares will then be held in electronic form on your behalf in the Investment Account. You can then follow the steps above to repurchase the shares and hold them in your Shareview Dealing ISA.
If you’re posting any valuable documents, such as share certificates, you may want to send these by registered mail.
Advanced Search
Shareview
From here: http://www.shareview.co.uk/helpcentre/Pages/faq105.aspx
A. You can transfer any shares you get from an HMRC approved SAYE share option scheme run by your employer (that is, a savings related share option -'Sharesave' (or profit sharing scheme)a Share Incentive Plan
into a stocks and shares component of an ISA without having to pay Capital Gains Tax - provided your ISA manager agrees to take them. The value of the shares at the date of transfer counts towards the annual limit.
This means you can transfer up to £10,200 worth of shares in each tax year (assuming that you make no other subscriptions to ISAs, in those years).
You must transfer the shares within 90 days from the day they cease to be subject to the Plan, or (for approved SAYE share option schemes) 90 days of the exercise of option date. Your employer should be able to tell you more.
Q. Can I put windfall or inherited shares in my ISA?
A. No. You can only transfer shares you own into an ISA if they have come from an employee share scheme. Otherwise, the ISA manager must purchase shares on the open market.
The situation is the same if you have shares that you have inherited. You are not able to transfer them into an ISA.
From here: http://www.hmrc.gov.uk/isa/faqs.htm#6
So only shares from an employee share scheme might be eligible for direct transfer. Otherwise the shares have to be sold, the cash paid into the ISA and the shares repurchased.
However. There does appear to be a wriggle round, but it looks convulted
Although ISA rules prevent you from transfering shares from paper certificates directly in to a Stocks and Shares ISA, with our ISA you get a free Equiniti Investment Account. This is a no charge nominee account which you can transfer your certificated shares into and you can use this account to help you put shares into your ISA.
Once your shares are transferred in to an Investment Account you can sell them, transfer the money into your ISA and repurchase the shares within your ISA account, giving you the tax efficiencies. This can be done easily online or by calling customer services on 0845 300 0430. You will, however, be liable for any changes in share price which happens during this process.
To transfer your certificated shares into your Investment Account please complete a CREST Transfer form and send it with your certificates to Equiniti, PO Box 4605, Worthing, BN99 6QY . Your shares will then be held in electronic form on your behalf in the Investment Account. You can then follow the steps above to repurchase the shares and hold them in your Shareview Dealing ISA.
If you’re posting any valuable documents, such as share certificates, you may want to send these by registered mail.
Advanced Search
Shareview
From here: http://www.shareview.co.uk/helpcentre/Pages/faq105.aspx
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http://www.shareview.co.uk/helpcentre/Pages/faq105.aspx
http://www.shareview.co.uk/helpcentre/Pages/faq105.aspx
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