Sell or not Sell abrdn shares

xylophone

Finally managed to sell them and payment received today, going straight into sipp 

I think that you were indicating your intention to retire very shortly.

Do you have the relevant earnings in this tax year to cover the contribution?

Have you obtained a state pension forecast?

https://www.gov.uk/check-state-pension

plumb1_2

Yes only working 2 days a week now. Not quite enough earnings yet ( this tax year)  so I might split it 50/50 into pension and ss isa. That way it has the opportunity to gain growth sooner.
Yes my SP in forecast for the max payments 

iwant2savemoney

Sorry to jump in this thread late, I've got just over 300 shares, logged into my Abrdn account and it states the value is just over £500, can anyone please advise the best way to sell these shares.

wmb194

iwant2savemoney said:

Sorry to jump in this thread late, I've got just over 300 shares, logged into my Abrdn account and it states the value is just over £500, can anyone please advise the best way to sell these shares.

Is there an option to sell them? If so, what's the cost? Are they held electronically or do you have a certificate? You should be able to transfer them to or lodge them (if certificate) with another broker and sell them e.g., iWeb £5 per trade.

aroominyork

plumb1_2 said:

TheBanker said:

The question is, if you had £7,500 cash, would you buy the shares or invest is something else?

I’d most properly put in VLS 100 or a hsbc world index

The VLS range can justify their 0.22% fee for rebalancing equities and bonds except for VLS100 which is all equities. If you want to be overweight to the UK, invest say 80% into a global index fund and 20% into a UK index fund. The fees will be less than half.

 Finally managed to sell them and payment received today, going straight into sipp 
so the £8k can become £10k. 

But remember you will probably pay tax when drawing down; it's not a straight 25% gain.

iwant2savemoney

Just had a quote via abrdn to sell, they stated a cost of £20, just realised I get, 2 dividends a year for these shares, approx £45 in total. Most probably hang on to them for the moment.

wmb194

iwant2savemoney said:

Just had a quote via abrdn to sell, they stated a cost of £20, just realised I get, 2 dividends a year for these shares, approx £45 in total. Most probably hang on to them for the moment.

Dividends aren’t guaranteed and Aberdeen (IIRC it’s changing its name back) hasn’t been having the best of times.

It’s up to you but you could transfer them to iWeb for free and sell them at a later time for £5 and still receive dividends via iWeb in the meantime. These days £20 per trade is very steep.