Share Certificate

Thread: Share Certificate

  1. BigBrand's Avatar

    BigBrand said:

    Advice Share Certificate

    Mrs BB has a share certificate from her old employer, at current share price, it's 4.5k.

    Looking into it, I can either sell the certificate directly, which cost fee's from most companies between 50-75, or I can transfer into an online nomanee account, and then once it's an online balance, sell the shares that way.

    Currently she has an account with Computershare, they don't charge for changing into online nomanee account, and charge 1% for certificate dealing, and 12.50 on a trading account.

    I'm a little confused here, as if she is to transfer into online funds, does this become a trading account?

    Any recommendations on the cheapest way to go around chasing these in?
     
  2. evilsatan's Avatar

    evilsatan said:

    Default Re: Share Certificate

    Is the 50-75 a trading/admin fee and you will also pay stamp duty? It sounds like you transfer it to an online trading account where you would pay a trading fee (12.50 sounds normal to me) and perhaps commission/stamp duty to sell. I would look at Hargreaves Lansdown (I used to use these) or maybe Interactive Investor (I was with TD Waterhouse but they were bought by ii).

    It may be easier to sell directly if you can do that for 50 once you take into account the trading fee and commission.

     
  3. BigBrand's Avatar

    BigBrand said:

    Default Re: Share Certificate

    Quote Originally Posted by evilsatan View Post
    Is the 50-75 a trading/admin fee and you will also pay stamp duty? It sounds like you transfer it to an online trading account where you would pay a trading fee (12.50 sounds normal to me) and perhaps commission/stamp duty to sell. I would look at Hargreaves Lansdown (I used to use these) or maybe Interactive Investor (I was with TD Waterhouse but they were bought by ii).

    It may be easier to sell directly if you can do that for 50 once you take into account the trading fee and commission.
    That's where I am with it, stamp duty is 0.5% I believe, not a huge amount, but plus 1% commision and 50/75 admin/trading fee.
     
  4. hoponbaby's Avatar

    hoponbaby said:

    Default Re: Share Certificate

    Stamp duty is on purchase, not sale
     
  5. BigBrand's Avatar

    BigBrand said:

    Default Re: Share Certificate

    So if I have the cert telling me there are say, 1,000 shares for example. Stamp duty has already been paid when they were bought through the company shares scheme?

    So all I'm looking at is CGT (18%) & trading fee?
    Last edited by BigBrand; 5th July 2018 at 09:29 AM.
     
  6. evilsatan's Avatar

    evilsatan said:

    Default Re: Share Certificate

    You have a CGT allowance of 11700 this year so unless you have used that already there will be no CGT to pay.

     
  7. BigBrand's Avatar

    BigBrand said:

    Default Re: Share Certificate

    Quote Originally Posted by evilsatan View Post
    You have a CGT allowance of 11700 this year so unless you have used that already there will be no CGT to pay.
    Well fuck me sideways, that's just superb news.

    Question is, do I tell the Mrs or not hahaha!