How do I make a SAYE or SIP transfer into AJ Bell?
If you have a Save As You Earn (SAYE) or Share Incentive Plan (SIP) scheme, you can transfer the shares into an AJ Bell ISA. This transfer is a bit different to normal transfers. Here’s how it works:
Step 1: Your SAYE or SIP provider will let you know if your scheme is coming to an end. They’ll also give you options on what you can do next.
Step 2: To start your transfer, we’ll need a ‘Letter of Appropriation’ from your current scheme. You can either scan and email it to transfersin@ajbell.co.uk or you can post it to us at:
AJ Bell Transfers-In team
4 Exchange Quay
Salford Quays
M5 3EE
This letter gives us all the information we need to process your transfer. Please include the following details:
- Your name
- Company name
- Number of shares held
- Share option execution date, or the date the shares left the scheme
- Confirmation that the shares originate from a HMRC-approved SAYE/SIP scheme
It's essential that we know the share option execution date as you only have 90 days from that date to transfer your shares into an ISA with us. Otherwise, the shares won’t be free from capital gains tax (CGT).
Step 3: We’ll need to check you have enough of your £20,000 annual ISA allowance left to accommodate the shares you’re transferring. If not, don’t worry – you have a couple of other options:
- You could transfer all your shares into an AJ Bell Dealing account instead. Once your shares are on our platform, we’ll move as many shares to your ISA as possible to maximise your remaining allowance.
- If your current scheme allows, you could make a partial transfer. This means transferring enough shares to maximise your remaining allowance into your AJ Bell ISA, and leaving the rest with your current scheme.