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Sharesave query - Transfer to ISA after leaving company

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losinj1
losinj1 Posts: 12 Forumite
First Anniversary Name Dropper First Post Combo Breaker
edited 26 March 2016 at 1:50AM in Savings & investments
I took a release package offered by my employer in September 2015, and with several sharesave schemes still running I was allowed to continue saving in them for 6 months, and to buy the shares in March. Those shares have just been released to the Nominee account with Equiniti.

Within 90 days of a regular sharesave maturity a scheme member would be able to transfer shares directly into an ISA, free of charge. I was wondering if this option lapsed when I ceased employment. (There's just over one ISA allowance-worth, and just over one year's CGT allowance-worth, in these shares alone. This year's ISA allowance is already used, but not the CGT allowance.)

Ultimately, I want to sell ALL my shares in the Nominee account - ASAP. My total CGT liability looks to be between two and three years' allowances.

If I'm reading the rules correctly, I could (if I get my skates on) use this year's CGT allowance to sell some shares. From 6th April, assuming it is possible to transfer directly to an ISA (within the 90 days) I could do that, and then sell the ISA shares immediately (not liable to CGT); plus, I could sell the remaining shares and without busting my allowance. If a direct ISA transfer is not possible I could simply sell the remaining shares but pay CGT once the allowance has been reached, assuming I don't wait until the following (2017/2018) tax year...?
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