SAYE transfer shares into Stocks and Shares ISA within 90 Days

JV129

I have a SAYE that matured in July - the shares have done well and I want to avoid Capital Gains TAX - the total shares value is below £20k. I have opened a Halifax Stocks and Shares ISA and transferred the shares into a Halifax Share Dealing Account. I have been told I can only sell the shares and transfer into the Stocks and Shares ISA - Bed and ISA. I don't want to do this as it will attract CGT. Can somebody advise a Stocks and Shares ISA that will except share transfers..... or what to do. 

Keep_pedalling

It is not possible to do this. If it was everyone would be doing it to avoid CGT. 

InvesterJones

You can do this, but only by making the initial transfer from SAYE straight into an ISA, not going via an intermediary share dealing account as if that initial transfer isn't into an ISA it will attract CGT.

Beddie

Here's some information that might help:

https://www.hl.co.uk/investment-services/transferring-your-existing-investments/employee-share-scheme-transfers#:~:text=For SAYE schemes: HMRC rules,option to buy your shares.

How do I transfer my shares into an HL ISA?

Once your shares are transferred into your HL Fund and Share account, if you wish to transfer them to an ISA, you’ll need to fill out an Employee Share Scheme (ESS) form and provide evidence that:

• Your shares have emerged from an HMRC-approved Save As You Earn (sometimes called Sharesave) scheme or Share Incentive (sometimes called Sharepurchase) Plan. The evidence must show your name, the name of the shares, and the number of shares received from the scheme.
• For SAYE schemes: HMRC rules state that your shares can only be transferred directly to an ISA within 90 days of the date you exercised your option to buy them, rather than take the cash. Therefore, we need evidence of the date you exercised your option to buy your shares.
  For SIPs: HMRC rules state that your shares can only be transferred directly to an ISA within 90 days of the date your shares left the plan account. Therefore, if your shares have been transferred to a separate account before transferring to HL, we’ll also need evidence of the date this transfer happened, or an opening statement for the separate account.