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Posted Tue, 24 Sep 2024 20:32:17 GMT by JE55KS
I was made redundant a month ago, as a result shares held in a share purchase plan need to be removed from the plan. I want to transfer these into a stock and shares ISA which reading your web page confirms I can by directly transferring them into an ISA within 90 days. As these shares have been purchased over several years, is there any time period that needs to pass to make them exempt from CGT? they are only be removed from the plan due to compulsory redundancy. For shares over the £20k ISA limit, if I want to transfer into a pension, does this form part of the annual pension contribution?
Posted Thu, 03 Oct 2024 07:18:54 GMT by HMRC Admin 25 Response
Hi JE55KS,
The 90 days applies to the date they were removed to the date they were added to the stocks and shares ISA and not their acquisition date.
If the transer is carried out within the 90, there is no Capital Gains Tax liability.
Thank you. 
Posted Wed, 09 Oct 2024 16:27:03 GMT by JE55KS
Thanks for confirming there is no time restriction on how long the shares needed to be held in the SIP for CGT purposes. Please can you confirm if any shares to be transferred into a private pension form part of the annual pension contribution? Thanks
Posted Fri, 18 Oct 2024 11:17:14 GMT by HMRC Admin 21 Response
Hi,
As you would need to sell the shares first in order to make the contribution then yes this counts as part of your annual pension contribution.
Thank you.

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