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  • FIRST POST
    • redmalc
    • By redmalc 20th Mar 17, 3:09 PM
    • 1,205Posts
    • 452Thanks
    redmalc
    share sale
    • #1
    • 20th Mar 17, 3:09 PM
    share sale 20th Mar 17 at 3:09 PM
    Good Afternoon

    I have been awarded approx 10K in shares for the company i work for as a bonus payment
    I want to sell them before April can someone give me the cheapest way to sell and the likely costs involved.
    Any recommendations would be welcome because i do not normally trade in shares.
Page 1
    • PeacefulWaters
    • By PeacefulWaters 20th Mar 17, 3:12 PM
    • 5,845 Posts
    • 7,054 Thanks
    PeacefulWaters
    • #2
    • 20th Mar 17, 3:12 PM
    • #2
    • 20th Mar 17, 3:12 PM
    Have you already paid income tax on receipt of the shares?

    Or would selling them create an income tax liability that could be avoided by holding them for 3-5 years?

    Halifax share dealing might be one option to sell them through.
    • redmalc
    • By redmalc 20th Mar 17, 3:13 PM
    • 1,205 Posts
    • 452 Thanks
    redmalc
    • #3
    • 20th Mar 17, 3:13 PM
    • #3
    • 20th Mar 17, 3:13 PM
    There is no Tax liability
    • Anthorn
    • By Anthorn 20th Mar 17, 6:34 PM
    • 2,973 Posts
    • 767 Thanks
    Anthorn
    • #4
    • 20th Mar 17, 6:34 PM
    • #4
    • 20th Mar 17, 6:34 PM
    Good Afternoon

    I have been awarded approx 10K in shares for the company i work for as a bonus payment
    I want to sell them before April can someone give me the cheapest way to sell and the likely costs involved.
    Any recommendations would be welcome because i do not normally trade in shares.
    Originally posted by redmalc
    Phew that's quite some request because there are loads of them mostly with very similar charges. For example Barclays and hargreaves Lansdown standard dealing charges when I last looked were just 55p cheaper than the standard dealing charges of Halifax.

    According to MSE a cheap starting point is online share dealing platforms and I link to MSE's article:

    http://www.moneysavingexpert.com/savings/cheap-online-sharedealing
    I don't think and I know I don't think so therefore I am. At least I think so. But hold on I don't think ... er ...
    • picks
    • By picks 20th Mar 17, 7:06 PM
    • 77 Posts
    • 19 Thanks
    picks
    • #5
    • 20th Mar 17, 7:06 PM
    • #5
    • 20th Mar 17, 7:06 PM
    Good Afternoon

    I have been awarded approx 10K in shares for the company i work for as a bonus payment
    I want to sell them before April can someone give me the cheapest way to sell and the likely costs involved.
    Any recommendations would be welcome because i do not normally trade in shares.
    Originally posted by redmalc
    In what form are you getting the shares, eg are they in a share certificate? If so, and you are not likely to be dealing in shares in the foreseeable future, I can't see much point in opening a dealing account. For a one-off share certificate sale, a local High Street bank might well prove the most convenient way of selling.
    • bigadaj
    • By bigadaj 20th Mar 17, 8:05 PM
    • 8,600 Posts
    • 5,411 Thanks
    bigadaj
    • #6
    • 20th Mar 17, 8:05 PM
    • #6
    • 20th Mar 17, 8:05 PM
    There is no Tax liability
    Originally posted by redmalc
    X-o.com are part of the Jarvis group and often quoted as teh cheapest fro share sales. Account opening is free and I think they charge around £6 per trade.
    • Anthorn
    • By Anthorn 20th Mar 17, 9:14 PM
    • 2,973 Posts
    • 767 Thanks
    Anthorn
    • #7
    • 20th Mar 17, 9:14 PM
    • #7
    • 20th Mar 17, 9:14 PM
    There's DeGiro which is even cheaper at £1.75 + 0.004% according to the blurb on their home page. Pretty much the darling of the financial press back in 2015 when it opened in the U.K.
    https://www.degiro.co.uk/?utm_source=adwordUKbrand&utm_medium=cpc&gclid=Cj0 KEQjw-73GBRCC7KODl9zToJMBEiQAj1Jgf9BShXglufgOO0jWNacPTd7 Br5fziX0nX58e3JS0TVoaAnAd8P8HAQ
    I don't think and I know I don't think so therefore I am. At least I think so. But hold on I don't think ... er ...
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