Jump to content
  • 0

Cannot transfer ISA shares to other country broker?


martinc1

Question

Hi,

 

I have shares in both IG ISA and Share Dealing accounts, I  have moved outside UK and want to transfer shares to broker there.

Whilst Share Dealing transfer was successful, transfer from ISA is stuck.  Is it not possible to move shares from ISA to  another account?

 

Martin

 

Link to comment

4 answers to this question

Recommended Posts

  • 0

Hi @martinc1

Thanks for the question

If you are moving shares externally we can only facilitate an ISA to ISA transfer. You should be able to do an internal transfer from the ISA to the share dealing account. Then once that is completed you can transfer the shares abroad through the share dealing account. Please contact transfers@ig.com to arrange this. 

All the best 

Anda

 

Link to comment
  • 0

Hi @AndaIG

Thank you for your response. I've contacted transfers@ig.com, and they refused internal transfer, this is their reply:

"You cannot transfer your shares from ISA to Share dealing, you'll only have to sell your shares and have to close sooner or later and there is no other choice because ISA is available only for UK residents and share dealing is only available for AU and UK residents"

 

If I'm moving shares externally I need to be registered at both sides at least for a while. And there is no explanation on why I cannot move  shares from ISA to Share dealing,

 

Can you please advise what to do?

 

Thanks

Martin

 

 

Link to comment
  • 0

I know you probably want to tidy things up, and maybe it's easier for your administration (and keep costs down)  but are you aware that you are allowed to keep anything in an ISA which was funded whilst you were a UK resident? 

If you do want to move them to another broker outside an ISA I don't think you have any choice but to sell the holdings which is a pain because obviously if you want to still hold them you will have the sell and buy costs to consider, and potential market movements as well

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,162
    • Total Posts
      93,077
    • Total Members
      42,564
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Gary_T
    Joined 09/06/23 17:04
  • Posts

    • Hi,  I started trading Brent Crude Oil in IG platform but I could find a formula to correctly calculate the size I have to put while creating a position, based on the available amount I have. The quotation is based in points and it makes me wonder how operate. Any help is welcome.  Also, I plan to work with some leverage in the future, so any tip on this matter is also welcome.  Thanks.  
    • Greetings fellow traders, I am thrilled to share an exciting intraday trading idea for EURAUD that could potentially boost your profits. At Gold Signals by Professor, we have conducted a thorough technical analysis and confidently recommend a Buy position for traders like you. Our analysis indicates a significant development: EURAUD has managed to sustain itself above the crucial level of 1.60927. This breakthrough suggests a positive momentum, with potential targets at 1.61500 and 1.61800. To mitigate risks, we advise setting a stop loss around 1.60375. In order to maximize your trading success, it is vital to stay well-informed about the latest news and events that may impact the FX market. Factors such as global economic conditions, geopolitical tensions, and central bank policies can influence the price movements of EURAUD. Please note that the momentum of the trade can be influenced by unforeseen events or news. Therefore, we will be updating this level regularly in our channel to ensure you have access to the most recent trends and analysis of Gold and its trading potential. Wishing you all a prosperous day filled with successful trades!
    • Update - I am trying to transfer the existing Polymetal shares with IG.com to Wood & Co. Has anyone tried this or are in the process? You will need a bank account with bank in EU or Revolut bank app. The form for requesting transfer is on https://polymetal.wood.com/form/individuals
×
×
  • Create New...