Equiniti Charges- Selling shares

Gadfium

I have a number of BT shares that are held by Equiniti. These shares were purchased as part of a Share Incenive Program and are now out of their holding period, which means that I can sell them free of income tax and NI obligations.

As far as I can see, the charges are pretty high for selling these from the Equiniti Easyshare service (1%, minimum £15).

Any recommendations for selling these to minimise the charges? Are there any restrictions to transferring them to another broker?

smirker

I was in the same position and transfered my shares to x-o who charge £5.99 a trade. I sent a cheque for £10 to transfer them and form B if I remember correctly along with a transfer form ,took a few weeks.Its free to open an account with X-o.

Gadfium

Thank you. I've got about £10k to shift, so that would save me about £80. :beer:

kangoora

Gadfium wrote: »

Thank you. I've got about £10k to shift, so that would save me about £80. :beer:

Or you could shift them into an Equiniti investment account from where they charge £12.50 a trade. That only took me a few days but is more expensive than using the X-O transfer option