@Team212 Does Trading212 allow for employee shares to be transferred into an ISA through the "Save As You Earn(SAYE) Scheme ?
ref Tax and Employee Share Schemes: Transferring your shares to an ISA - GOV.UK
I think the answer will be no, given they state on the website that you can only transfer cash in/out. It wouldn’t make sense for SAYE transfers to take place but other ISA transfers cannot.
Its all there under the help section of their website.
@Dougal1984 I guess the statement covers all possibilities! shame… I haven’t received the option to buy shares through the SAYE scheme yet but i’m aware that if i can transfer them inside an ISA then the value will count against my allowance. My current buy price to share price is about 75% profit so i may get hit with CGT if i sell all of the shares at once hence why i would like to get them within an ISA before selling.
When i get the option i’ll have to look for a broker who will accept them into an Invest account because i want to keep next years ISA with T212.
HayHo lets hope it changes before i get my option.
You get 12k CGT allowance a year. Could chip away at that slowly, or use another ISA provider?
I’m hoping it changes before my SAYE matures too by the end of 2023! Otherwise will have to open another S&S ISA to avoid CGT
Anyone know if this has changed? Looking to transfer my SAYE and I can’t find anything in the help section.
Welcome to the Community, @Angelus
Unfortunately, we don’t have any updates on this. While portfolio transfers are now available to 90% of our clients, SAYE transfers are not supported just yet. If this changes in the future, we’ll make sure to notify everyone right away