What do I do

Mr_Mumble

Jess, by allowance I just meant his Stocks & Shares ISA.

Make sure you talk to the S&S ISA provider prior to opening an account with them. While HMRC rules allow for a transfer of SAYE shares into an ISA within 90 days of receiving them this doesn't mean every ISA provider offers this facility.

You can keep the cash and S&S ISA elements separate. Separation is usually preferable since different providers are likely to offer the best deals.

sexyjessie599

Thanks that is very helpful I will ring them first thing tomorrow.
Jess

nicko33

sexyjessie599 wrote: »

In 2 weeks I will have £30,000 in shares from my former employer(saye).

I don't want to sell these as my bank has said they cannot beat them as investments and to keep them if possible.

I'm no expert, but keeping all of the shares sounds like putting all of your eggs in one basket. How safe are these shares?
Putting them into an ISA may well be the best thing to do, but I would hang on a bit to see if any more advice is forthcoming regarding the risk of these shares.

tanith

notis7 wrote: »

why not move the 1500 from one isa to another - to maximise one isa and then capitalise on that one. banks and societies have started tiering their products....which is very cheeky - but you can benefit quicker by maximising at least 1 isa.....:cool:...then transfer it!

if you have a "spare"1500 then you can top up the second isa and transfer that too - but that will be your spare one....

sometimes we make things so complicated when financial institutions should keep things simple...

notis7 I don't understand what you mean... the OP already has 2 ISA's with £1500 in each if she takes one lot of £1500 out of the ISA to add to the other she will be losing its tax free status.. it can't be transferred from one name to another.. she already asked if she could do that and of course its not possible.. she doesn't have a 'spare' £1500 its already in her husbands ISA..

sexyjessie599

nicko33 wrote: »

I'm no expert, but keeping all of the shares sounds like putting all of your eggs in one basket. How safe are these shares?
Putting them into an ISA may well be the best thing to do, but I would hang on a bit to see if any more advice is forthcoming regarding the risk of these shares.

Hi Nicko the shares are Tesco shares and I know what you mean about all my eggs in one basket but as long as I keep them longterm I am prepared for falls which we do get some big falls sometimes but nearly always rights itself in the end.

Thanks though I appreciate everyones help.
Jess

sexyjessie599

Have just rang A&l and they say I can transfer my £4000 in once it is open.
Thanks everyone, much appreciated.

notis7

tanith wrote: »

notis7 I don't understand what you mean... the OP already has 2 ISA's with £1500 in each if she takes one lot of £1500 out of the ISA to add to the other she will be losing its tax free status.. it can't be transferred from one name to another.. she already asked if she could do that and of course its not possible.. she doesn't have a 'spare' £1500 its already in her husbands ISA..

My understanding is, and was, that there are 2 ISA's - 1 in our friends name and the other in her husbands. I dont understand what the point is of having two half ISA's when they could have a maximised one - which depending on the product our friend has undertaken could give her a higher rate of return if the ISA is tiered.....Thus I am stating leave one and maximise the other....