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Sharesave maturity options
elbii1
Posts: 16 Forumite
Hi all,
Looking for some advice as I've not done this before. I've gained £4500 from a sharesave scheme (put in approx £6k now worth approx £10.5k). My exercise choices are now:
- keep the shared in a corporate sponsored nominee
- keep the shares as a share certificate
- Sell the shares and receive the proceeds
I want to cash out and I thought the best way to do this was to transfer the funds to an ISA? But I'm not sure I see how to do this from the options. Can anyone tell me how please.
I believe CGT is payable over £3k, is that correct and is it still applicable if it goes into an ISA?
How do I proceed? TIA!
Looking for some advice as I've not done this before. I've gained £4500 from a sharesave scheme (put in approx £6k now worth approx £10.5k). My exercise choices are now:
- keep the shared in a corporate sponsored nominee
- keep the shares as a share certificate
- Sell the shares and receive the proceeds
I want to cash out and I thought the best way to do this was to transfer the funds to an ISA? But I'm not sure I see how to do this from the options. Can anyone tell me how please.
I believe CGT is payable over £3k, is that correct and is it still applicable if it goes into an ISA?
How do I proceed? TIA!
0
Comments
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can you transfer a share certificate to the ISA?
otherwise if you cash out then you'd have the money in your account and can then pay that into an ISA.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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⭐️🏅😇🏅0 -
Don't cash out - that will trigger CGT.
Have a look at this thread
Clarification needed on 90 day SAYE shares to ISA transfer. — MoneySavingExpert Forum
It mentions Equiniti as an ISA provider though you probably won't need to worry about the flexi ISA stuff.3 -
Thank you!0
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