I have existing shares in 1 company. Can I transfer these into an ISA for my wife and benefit from some tax savings?
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nickking35
1 year ago
_laurencain_
answered 1 year ago
This is a popular question. The key is being up-to-date with your ISA knowledge. As of April 2011, the amount of tax free interest rose to £1068. If you are transferring shares from a non-ISA account to a new ISA account, you are likely to attract some charges, and it will count towards you annual limit.
For more info, talking to an IFA is a great idea. SimplyFinance has some great resources to get you started - check out http://www.simplyfinance.co.uk/investments/isa.html.
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For more info, talking to an IFA is a great idea. SimplyFinance has some great resources to get you started - check out http://www.simplyfinance.co.uk/investments/isa.html.