Electronic share platform charges

itsme999

Hi

I have shares held electronically at HL, my shares were purchased over 20 yrs ago, I don't do share trading, The service was free but now they've introduced monthly charges. I asked HL to revert to paper certificate so I stop using their services but they said they don't issue paper certificates.

I don't want to pay monthly charges . What are my options? Are there any other platforms which are free?

Thanks

vacheron

Freetrade or Trading 212 spring to mind.

I've moved shares from HL to both and it has been a breeze.

jaybeetoo

Scottish Widows investments is free. Open an account with them and initiate a transfer (there’s an option within SW).

https://www.scottishwidows.co.uk/investing.html

wmb194

https://forums.moneysavingexpert.com/discussion/6669836/electronic-share-platform-charges

What do you own? For an in specie transfer you need to make sure the new broker offers the same securities.

wmb194

https://forums.moneysavingexpert.com/discussion/comment/82015651#Comment_82015651

You're trying to transfer shares in specie from a taxable GIA into an Isa? No, this isn't possible. You'd need to sell the shares, transfer the cash to the Isa - keeping in mind annual allowances - and repurchase the shares.

You can in specie transfer GIA to GIA and S&S Isa to S&S Isa.

itsme999

https://forums.moneysavingexpert.com/discussion/comment/82011965#Comment_82011965

LSE ftse100 shares. Shell, vodafone, kigfisher, centrica, national grid, lloyds…..

InvesterJones

Then you should be fine to transfer to any of Scottish Widows Share Dealing, T212, Freetrade (and maybe others) which do not charge monthly, as long as it's the same kind of wrapper (GIA, ISA or SIPP) as you're transferring from.

Enzo_L

https://forums.moneysavingexpert.com/discussion/comment/82017417#Comment_82017417

Although Scottish Widows Sharedealing does have an annual SIPP administration charge of 0.25% of the value of your investments charged monthly, up to a maximum of £16.50 a month.

itsme999

Update:

I went with Trading 212, transaction on completed last Friday, T212 looki better website for me so far

Thanks for the replies.