Transfer a Save as you Earn (SAYE) or Share Incentive Plans (SIPs) into Freetrade ISA?

Apologies if this has been already answered, I could not find an answer to my question.

I opened Freetrade ISA this tax year. Will I be able to transfer shares from Share Incentive Plans (SIPs) once they mature?

Thanks

Support source: https://www.gov.uk/tax-employee-share-schemes/transferring-your-shares-to-an-isa

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Is there a way to transfer shares into Freetrade? Does it offer Shares Dealing Account?

I’m no financial advisor but I did look into this a while ago. Yes you can do it but there are strict timelines and I believe you can only transfer once you own the shares and the SAYE options have been executed. I doubt that Freetrade can accomodate this right now but it’s worth asking the team in the chat?

Not FT specific but when I’ve done this in the past I’ve had to provide proof that the shares from the scheme have been exercised in the last 90 days. This was called a “Letter of Appropriation” and had to be obtained from my employer share scheme administrator.

I then informed my ISA platform that I wanted to transfer the shares and fill in some forms for them, and send them the above documentation.

Once they are in your ISA then they have the same tax benefits as any other investment in your ISA.

I would check the fees applicable to your employer scheme broker - depending on what you have planned, leaving them within the scheme might be cost effective.

Thank you for posting very useful link but my question was in relation to Freetrade options:

  • Can I transfer shares from my Share dealing account with another provider to my Freetrade ISA?
  • Can I transfer my shares from my SAYE matured scheme to Freetrade?

There is no information anywhere and I need to decide my steps ASAP :frowning:

Thanks in advance

Might be best asking Freetrade over chat in the app.

The general rule for transfers with Freetrade is the stocks in question have to already be on Freetrade otherwise they can’t transfer them.

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