Transferring shares from one dealer to another

longwalks1

I have 850 shares (@ £12.10 each today) with Equiniti, held electronically, and want to transfer them stright into my First direct account to play with at some point. Whats the cheapest way to do this? FD do not charge to recieve, but will Equiniti charge me a dealing fee (I think £12.50, or more if over £10k value of shares)? And will I have to pay any tax on them seeing as I already own them?

Someone suggested asking Equitini fo rthem on paper certificate, then paying that into First Direct acct, but I'm guessing theres cost involved there too?

Any help/advice greatly appreciated

longwalks1

anyone................??

OneADay

Usually taking shares out like that would mean paying a fee (probably around £25) to get a paper certificate. Then you send that cert to the new holder.

Problem is that if you decide to move again, you will no doubt have to pay another fee. Best to keep the paper certificate I think once you have it.

tocsin

I've just started to transfer my odds and sods of shares (to Hargreaves Lansdown). Most they dealt with, but the shares in the Lloyds shareholder account managed by Equiniti had to be extracted to a certificate, as OneADay said - HL sent me the form required, I added a cheque and posted it to Equiniti. Cost only a tenner for that, though.

noh

According to the Equiniti web site you can tranfer to another nominee.

https://www.shareview.co.uk/HelpCentre/Pages/faq119.aspx