Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • richyje123
    • By richyje123 3rd Oct 17, 1:11 AM
    • 4Posts
    • 0Thanks
    Selling shares
    • #1
    • 3rd Oct 17, 1:11 AM
    Selling shares 3rd Oct 17 at 1:11 AM

    I have approx 60k in shares in the following companies...


    They are with the original Broker (e.g. IAG - Computershare). I have been looking at the dealing costs for selling them with their current brokers which is much higher than the likes of Hargreaves Lansdown which charge approx 12 per trade.

    In order to sell them with Hargreaves Lansdown I believe I would have to transfer the shares over to them to be held in a fund and share account.

    I am wondering if it is safe for me to transfer the shares like that. Also if anyone has any suggestions on who to use to hold and sell the shares (when the time is right) please let me know.


Page 1
    • Jaglad111
    • By Jaglad111 3rd Oct 17, 1:37 AM
    • 142 Posts
    • 203 Thanks
    • #2
    • 3rd Oct 17, 1:37 AM
    • #2
    • 3rd Oct 17, 1:37 AM
    The HL fund and share account charges 11.95 per trade and a closing fee of 25. It drops to 8.95 if a set number of trades are completed in a rolling 30 day period. I would stay where you are.
    • Jaglad111
    • By Jaglad111 3rd Oct 17, 1:43 AM
    • 142 Posts
    • 203 Thanks
    • #3
    • 3rd Oct 17, 1:43 AM
    • #3
    • 3rd Oct 17, 1:43 AM
    Also note that IAG will charge 25 per share transfer to another broker. They also quote 12.50 per transaction so for the sake of 3 saved you will be 122 out of pocket.
    • Vortigern
    • By Vortigern 3rd Oct 17, 1:50 AM
    • 2,456 Posts
    • 1,653 Thanks
    • #4
    • 3rd Oct 17, 1:50 AM
    • #4
    • 3rd Oct 17, 1:50 AM
    Do you hold share certificates? Or are the shares in a nominee account?

    If certificated, you can send the certificates to your chosen broker's nominee account and sell from there.

    Is it safe? Some suggest using Special Delivery when posting share certificates.

    If in a nominee account already I think you can get a form to change the nominee.

    XO are cheaper than HL. I've used XO to buy, sell and hold shares and ETFs. They charge 5.95 per deal. No charge to hold shares or close account (except for ISA closure)

    Watch out for CGT, if your potential gain is greater than 11,300 you may wish to spread the sales across two tax years.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

128Posts Today

1,862Users online

Martin's Twitter
  • We all knew we'd win in the end. Never in doubt! ....walks away whistling

  • Yeeesss. Phew. Wow. Uh. Oy yoy yoy

  • It's interesting that 80% of the crowd are young women... According to the close ups we keep seeing anyway.

  • Follow Martin