We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Company Sharesave to ISA
mrshoops69
Posts: 2 Newbie
Does anyone know if i can transfer the proceeds of some shares into a Cash ISA without paying CGT?
0
Comments
-
No, but you can transfer from some into a S&S ISA. I guess you could then sell them all and move it to a cash ISA or keep as cash in the S&S ISA.Remember the saying: if it looks too good to be true it almost certainly is.1
-
You could sell come shares, where the gain is under the CGT allowance, and put the amount in to the cash ISA. Maybe you can keep the remainder of the shares in the sharedealing account and sell more shares next financial year.1
-
When I googled it I got a different response0
-
Have you been made redundant or retired? I think different rules might apply if that's the case. I know there was something special if I wanted to transfer mine within 3 months of the maturity date or something.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.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
⭐️🏅😇🏅🏅🏅0 -
What did you google and what was the response? If it was Google's AI's response, it can (and does) get things completely wrong. I've found its "understanding" (yes, I know it doesn't understand anything it outputs) of financial matters can be particularly lax.mrshoops69 said:When I googled it I got a different response
Are the shares worth more than £3K. Do you have any CGT allowance remaining for this tax year?
Have you read about Bed-And-ISA?
https://www.fidelity.co.uk/markets-insights/ask-fidelity/capital-gains-how-do-the-bed-and-isa-rules-work/
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards