Share Dealing Discussion Area

jiggy2

hi,

thanks for your replies...

catz...i did think it could be because of the postal strike...but just wanted to know normally how long it takes (say there were no strikes)

Biggles, i have received the contract note. So hopefully the share cert should come through soon with all other mail (not had any mail for the last 7 days)

Thanks

Jig

gt94sss2

jiggy2 wrote: »

i bought shares in tesco plc through an online broker on 13/09/2007 with settlement on 18/09.

I still haven't received the share certificates (as the purchase was for certificated form). How long does it normally take for the share cert to be received?

I think it can take 4-6 weeks..

Regards
Sunil

Oakey22

i signed up with gt94sss2 on selftrade, man to his work received my £80

Also made nearly 800 on NRK.

Coldfinger

Not sure if this is the right place for this advice but here goes.

A friend died and did not tell his wife where he had invested his old ICI shares. These were the old shares from before the Zeneca split.

She knows that he didn't sell them because he was tight as a duck's doodad and clung on to such things with a tight grip.

So the question is "How does she find out where they are?". So far she has drawn a blank but there must be a record somewhere and any dividends must have been paid into some account.

Anybody have any ideas?

Optimist

Coldfinger wrote: »

Not sure if this is the right place for this advice but here goes.

A friend died and did not tell his wife where he had invested his old ICI shares. These were the old shares from before the Zeneca split.

She knows that he didn't sell them because he was tight as a duck's doodad and clung on to such things with a tight grip.

So the question is "How does she find out where they are?". So far she has drawn a blank but there must be a record somewhere and any dividends must have been paid into some account.

Anybody have any ideas?

She should get in touch with the registrars which I believe was Lloyds TSB but now renamed Equiniti, address below :-
[SIZE=-1]
[/SIZE]Equiniti
Aspect House
Spencer Road
Lancing
West Sussex
BN99 6DA
0121 415 7047

jiggy2

gt94sss2 wrote: »

I think it can take 4-6 weeks..

Regards
Sunil

no sign of the share cert as yet 7 weeks since purchase. can never get through to the registrars - Equniti - always no operators available, please hold....

jig

gt94sss2

jiggy2 wrote: »

no sign of the share cert as yet 7 weeks since purchase. can never get through to the registrars - Equniti - always no operators available, please hold...

Should you not be chasing up your stockbroker instead?

Certainly, years ago when I brought certificated shares, they came via the stockbroker I had dealt with - let them deal with Equniti (what a horrible name!) if needed.

Regards
Sunil

jiggy2

gt94sss2 wrote: »

Should you not be chasing up your stockbroker instead?

Certainly, years ago when I brought certificated shares, they came via the stockbroker I had dealt with - let them deal with Equniti (what a horrible name!) if needed.

Regards
Sunil

hi Sunil,

stockbroker said i needed to contact equiniti and that the share cert will come direct from Equiniti. (When i called Capita their initial reaction was we don't act as registrars for Tesco - after some explaining she finally understood that the purchase was done though their share dealing service (which i am dumping anyways due to the cost) and went to her line manager and i was told that the share cert wouldn't come via them). I have received the interim result pack from Tesco so Equiniti seem to have the details on their system...getting hold of them on the phone is the problem ...i have written in to Equniti so lets see what their reply is

jig

dobs

Hi apologies if this is in the wrong place didn't know where to post it. Basically hubby has alot of shares with his train company and they are worth quitea bit now and as his job is a bit iffy we thought about cashing them in, paying off mortgage andbanking the rest. However he has worked out we would have to give the government about £18,000 in cash. As i am a non tax payer does anyone know if we had the shares transferred to my name only, would we still have to pay the tax? Prob a daft question but i know you can do it with your savings account! Thanks

gt94sss2

dobs wrote: »

Hi apologies if this is in the wrong place didn't know where to post it. Basically hubby has alot of shares with his train company and they are worth quitea bit now and as his job is a bit iffy we thought about cashing them in, paying off mortgage andbanking the rest. However he has worked out we would have to give the government about £18,000 in cash. As i am a non tax payer does anyone know if we had the shares transferred to my name only, would we still have to pay the tax? Prob a daft question but i know you can do it with your savings account! Thanks

Its not a daft question at all.

Both you and your husband benefit from an annual Capital Gains Tax allowance - currently £9,200. This is the amount of 'profit' you can make each year without paying any tax.(Note: 'profit' is not only the change in share price but can be reduced further depending on how long your husband has owned the shares)

If the shares are in your husbands name, he can transfer some to you to take advantage of your CGT allowance.

Also, these allowances reset on the 6 April each year.

Even if you do sell all your shares at once and take the tax hit, transferring the shares in your name (apart from enough to take advantage of your husbands CGT allowance) will mean you pay less CGT as a non tax payer (for income tax) than your husband who I presume pays income tax, due to the way its calculated.

If the shares are in some form of approved company share scheme, then its also possible to transfer some of your shares directly into a Shares ISA up to the appropiate value - £7,000 this year, £7,200 from 6 April (less if you have cash ISAs) - without selling them first. This means when you do sell them, this sum will be free of tax as well. You do need to do this within 90 days of getting the shares after your scheme ending but if that period covers 5/6 April you can make use of 2 years ISA allowance)..

Regards
Sunil