Moving shares from Investment acc to S&S ISA

Perksy5

Hi all!

Just a quick question. I seem to be having a nightmare trying to find a solution.

I have a small share holding in an investment account with provider A. 
My S&S ISA is with provider B. I would like to have my shares held in the ISA instead.

I've tried going to my S&S ISA provider and looking at their options I have:

Transfer in an ISA (provider A isn't an ISA account so not this one)

Transfer in investments (this would mean opening an investment account with provider B so that I can move in from provider A)

Bed & ISA (on paper sounds perfect but it has to be an investment account to S&S ISA all with same provider, so not currently ideal).

Lodge paper certificate (a lodging I think. I have a paper certificate for these shares but they are definitely held online and I've logged in this morning to see them there).


It really is just a preference they are a very small share holding but would be nice to have it all in one place.

Is my option really only to open a new investment account with my new provider, eat up any fees with that and then transfer investment account to investment account?

Just trying to have a solution that's not too convoluted but for sentimental reasons allows me to retain the paper certificate (if I sell them and re buy its not even for the same shares anymore is it?)

Everywhere I Google its about transferring ISAs to ISAs which would be lovely and easy but does not apply to me.

wmb194

Can't you just open an Isa with Provider A, bed and Isa the shares into it and then transfer it to Provider B? Your Isa with Provider A ought to be closed as part of the operation.

Or just sell the shares and transfer the cash across to your Isa with Provider B. A manual bed and Isa, if you will.

Perksy5

wmb194 said:

Can't you just open an Isa with Provider A, bed and Isa the shares into it and then transfer it to Provider B? Your Isa with Provider A ought to be closed as part of the operation.

Or just sell the shares and transfer the cash across to your Isa with Provider B. A manual bed and Isa, if you will.

That would be very handy however I cant see if I can. If it matters the shares are held with Equinit Shareview and the login account mostly references historic work SIP, sharesave plans and then my teeny tiny holding in a separate section.
I've had a Google and they've now moved to EQI. Where does that leave me now ?

eskbanker

wmb194 said:

Can't you just open an Isa with Provider A, bed and Isa the shares into it and then transfer it to Provider B? Your Isa with Provider A ought to be closed as part of the operation.

This wouldn't be allowed if any contributions have already been made into the ISA with provider B this tax year.

Perksy5 said:

Just trying to have a solution that's not too convoluted but for sentimental reasons allows me to retain the paper certificate (if I sell them and re buy its not even for the same shares anymore is it?)

Surely if you hold certified shares then you need to surrender the certificate when selling/transferring anyway - if you don't then there'll typically be a charge levied for indemnity cover?

wmb194

Perksy5 said:

wmb194 said:

Can't you just open an Isa with Provider A, bed and Isa the shares into it and then transfer it to Provider B? Your Isa with Provider A ought to be closed as part of the operation.

Or just sell the shares and transfer the cash across to your Isa with Provider B. A manual bed and Isa, if you will.

That would be very handy however I cant see if I can. If it matters the shares are held with Equinit Shareview and the login account mostly references historic work SIP, sharesave plans and then my teeny tiny holding in a separate section.
I've had a Google and they've now moved to EQI. Where does that leave me now ?

EQI* is owned by Equiniti and does offer Isas but I'm not sure about how it relates to Shareview. In my experience Equiniti has always been something to avoid so my knowledge is limited.

https://eqi.co.uk/info/isa/benefits

*Before Equiniti bought it I think this used to be the broker known as Selftrade.

redux

wmb194 said:

EQI* is owned by Equiniti and does offer Isas but I'm not sure about how it relates to Shareview. In my experience Equiniti has always been something to avoid so my knowledge is limited.

https://eqi.co.uk/info/isa/benefits

*Before Equiniti bought it I think this used to be the broker known as Selftrade.

Shareview is part of the Equiniti platform. Used to be Selftrade, as you say

(One of my SIPPs goes there from another provider - Shareview URL, EQi logo plus another)

Linton

Unless I have misunderstood something about what is being proposed surely you cannot transfer shares into an ISA anyway other than  within an ISA-ISA transfer or under employer share schemes..  You have to pay in cash and buy within the ISA.  That is what a bed& ISA does.

Perksy5

Im guessing I'll just have to open an investment account and see if I can get them transferred that way, then when with my new Provider bed & isa to the S&S ISA 

redux

It would be simpler to just sell the one where it is, and buy the same amount on the other platform

if you're nervous about price changing, add money to the destination account in advance, log in to both, do both deals in a couple of minutes, then wait a couple of days for settlement on the sale

If you can get it transferred as you hope, you're still going to have two dealing charges on the new platform anyway, and maybe fees for the in specie transfer as well

Is this actually worth doing, for the sake of anything other than a bit of tidiness? If it's modest enough size to not be affected by the government cutting the allowances, why bother?

jimjames

Perksy5 said:

Im guessing I'll just have to open an investment account and see if I can get them transferred that way, then when with my new Provider bed & isa to the S&S ISA 

Why not just sell the shares and pay the money into your ISA? Or am I missing something?

Beddie

jimjames said:

Perksy5 said:

Im guessing I'll just have to open an investment account and see if I can get them transferred that way, then when with my new Provider bed & isa to the S&S ISA 

Why not just sell the shares and pay the money into your ISA? Or am I missing something?

My thoughts too!