Can I transfer shares to my Freetrade ISA from a SIP?

Help 👋
1

Hello,

I’m a newbie so please bare with me :see_no_evil::see_no_evil:Hoping someone can help… I currently have some employee shares as part of a company SIPP scheme which are held and managed by a company called Computershare. Can I somehow transfer them to my Freetrade ISA when I am allowed to access them?

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2

Transfers in and SIPPs are both on the roadmap but not available yet. If you can hold on a bit longer then you can see if you’ll be able to when they launch

3

Just to clarify, even if Freetrade did support transfers in, you wouldn’t be able to transfer assets from a SIPP to an ISA. Your SIPP is locked away till 55/60 and you can only transfer it to another SIPP. There are no loopholes to access things within a SIPP beyond something genuinely serious like a 12 month terminal illness.

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Is it a Share Incentive Plan ( SIP ) as opposed to a SIPP ? If so they can be transferred out to ISAs once you’ve held them for 5 years - however as per the answer from @Rat_au_van not FT ( yet ) .

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Beware of timing too. You have 90 days from when you are able to trade them to put them in to another isa.

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Thanks Jim… you’re right! It is a SIP, I used too many P’s in my description. We think there is a merger/takeover coming and therefore we’ll be treated as good leavers and have access to all of the shares early without the need to pay tax etc :+1:t2:

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Superb! I wish I could do the same … :money_with_wings:

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If you have a decent amount of shares make sure you still transfer to an isa when you can so you don’t have capital gains tax in the future if you have a merger that leaves you with shares :joy: obviously so long as you keep them and don’t just sell up straight away :grin: