In specie transfer.

ItsForMe2024

Hi

I have a workplace SAYE that's just matured.

I can't open another ISA this tax year as I've maxed out my cash ISA with £20k this tax year.

I want to open a stocks and shares ISA and do an in specie transfer from Equniti where the SAYE is held to an ISA provider in the new tax year. I'll still be within the 90 days to do this.

Id like to know how to do this and what's the best ISA provider to do this transfer.

Ive never done this before so I'm clueless at the moment.

Any advice welcome.

Thank you.

sausage_time

This thread may be useful:

https://forums.moneysavingexpert.com/discussion/6630929/should-i-use-equiniti-to-sell-shares

Despite the title it covers moving to another broker.

DRS1

Maybe this will help?

How to transfer SAYE shares into an ISA

gambleruk

I have just used Interactive Investor for the wife's Saye and the process is going smoothly at the moment, you will need Loa (Letter of appropiation) which appears on the Eqi website which you just send to your new provider. There are plenty of different providers out there which accept Saye, we used II as already had an account with them.

You could also open a stocks and shares Isa with Eqi in the new tax year but their fees are a bit more expensive than a lot of the other providers.

ItsForMe2024

Thanks gambleruk.

Yes I was going to use Equity until I saw how expensive they were.

I'm looking at opening a stocks and shares ISA in the new tax year.

Im new to this so have no idea what ISA to transfer them into.