chelseababy Posted April 30, 2021 #1 Share Posted April 30, 2021 Hi I currently have 100 ccl shares but am having to pay a monthly fee. Does anyone have CCL shares with Equiniti and if so do they charge any fees if you merely hold the shares with no buying or selling? Thank you Link to comment Share on other sites More sharing options...
CCFC Posted April 30, 2021 #2 Share Posted April 30, 2021 Ive got shares held with Equiniti and there is no monthly fee if you are just sitting on them. 1 Link to comment Share on other sites More sharing options...
yorkshirephil Posted April 30, 2021 #3 Share Posted April 30, 2021 1 hour ago, CCFC said: Ive got shares held with Equiniti and there is no monthly fee if you are just sitting on them. Same here. I seem to think Equiniti may have taken over from someone else in the distant past as I didn't buy mine through Equinity. 1 Link to comment Share on other sites More sharing options...
chelseababy Posted May 1, 2021 Author #4 Share Posted May 1, 2021 Thanks. I had my shares with the share centre, now moved to Interactive Investor who charge £9.99 a month just to hold them. Is it better to sell and then buy with Equuiniti (or HL) or try to get a transfer? Its really hard to get hold of anyone to actually TALK to - seems all online at the moment. Link to comment Share on other sites More sharing options...
LifeonMars Posted May 2, 2021 #5 Share Posted May 2, 2021 (edited) 21 hours ago, chelseababy said: Thanks. I had my shares with the share centre, now moved to Interactive Investor who charge £9.99 a month just to hold them. Is it better to sell and then buy with Equuiniti (or HL) or try to get a transfer? Its really hard to get hold of anyone to actually TALK to - seems all online at the moment. ii may charge for a Transfer but it may be cheaper then selling shares and the re buying. Worth contacting Hargreaves Lansdown or Equuinity first. I know HL do not charge and all you need is an updated pdf file from your online account attached to the email you send to Carnival showing your 100 share minimum. Its very easy. Edited May 2, 2021 by LifeonMars 1 Link to comment Share on other sites More sharing options...
crompton21 Posted May 2, 2021 #6 Share Posted May 2, 2021 You are correct that a HL share dealing account is also currently a "free " way of holding shares (but not "free" if held in an issa or sipp). There seems to be quite a bit of feedback about how long it takes to transfer from one broker to another, many months in some cases so transferring could take a period of time and chasing by you. If you sell the shares and then buy back with a different broker the approx cost will be the difference in the spread (buy and sell price variation) which was .04% at Fridays closing price plus two sets of dealing costs and stamp duty on the new purchase. Roughly based on Fridays closing prices: sell 100 X £1686.2 = £1686.20 less dealing charge (a guess)£ 12.00 balance £1674.20 buy 100 X £1686.8= £1686.80 plus dealing charge HL £ 11.95 plus .5% stamp duty £ 8.34 total cost £ 1707.09 If you have made a capital gain on the sale then you have a total allowance of £12300 annually to use up which needs to be remembered if you have made profits on other items in the current tax year. There is also a capital gains rule that treats calculation of profits in a different way if you buy back having sold shares in a company within 30 days of the sale transaction. Not to be taken as financial advice! Hope that helps 1 1 Link to comment Share on other sites More sharing options...
chelseababy Posted May 6, 2021 Author #7 Share Posted May 6, 2021 Thats very helpful. I think I'm safe from CGT! Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now