abrdn & ProSearch

eskbanker

plumb1_2 said:

Hi I am trying to trim down my investments, I have over 3000 of these shares, and they are in the drip method of paying the dividends. Over £500 p/y in dividends reinvested.

Would it be possible that if I opened a ss isa for this current tax year, with fidelity or ii. Would I be able to transfer them into the isa ? Thus keeping the shares and receiving the dividends.
would any platforms do this ?

No, you can't directly transfer shares into an ISA from outside the wrapper (cash deposits only, except for certain maturing sharesave schemes), so would need to sell them, pay the proceeds into the ISA, and then repurchase once in there.

PaulDean

To add my 2cents and back up other comments, I also received a ProSearch letter and was about to bin it as it looked very spammy.  But I do have a Std Life pension, so I decided to read the small print.
Bottom line: It's legit and it's very simple to call Equiniti on 0371 384 2864 to sort this out.  I had to write to them requesting a reissue to my new address and provide them with bank details.  There's a cost to sort the cash element out (£63 for me) but it's much less than ProSearch.