Save, Invest & profit
Invest up to £20,000 per year, take advantage of tax-free investing, and access your money at any time. You can buy your shares and move up to £20,000 into your FISA. Then you can sell these shares creating headroom for you to add a further £20,000 from your scheme. You can repeat this process as many times as you need and, if it is done within 90 days, no CGT is liable.
ISA Benefits
- The returns on your investments is tax-free while held in an ISA, and you can access these savings at any time.
- Once your shares are invested into your ISA, you may hold them as Tesco shares, buy more or sell them, reinvest any dividends, set up regular investment instructions or trade in a in a wide range of investments including shares, funds, investment trusts, ETFs and Bonds.
- You may make additional cash contributions up to your ISA allowance, or withdraw your savings at any time.
- The EQi ISA is flexible meaning that any withdrawal made and replaced within the same tax year will not affect the ISA allowance or subscriptions.
- Investment returns are not guaranteed and the price of shares may go down as well as up.
- If you transfer your shares to an ISA any profits from the subsequent sale of these shares will be exempt from CGT and any dividends received are free of any income tax.
Things to consider
1 The Value of your shares
What is the market value of your shares?
You can find this information on the Shares
Portal.
2 CGT protection
If you take advantage of the option to buy, you can shelter any gains you make now and in the future in an Individual Savings Account (ISA).
3 Savings performance
As cash savings accounts are not outperforming the current rate of inflation, could a tax-free flexible ISA be a good fit for your long-term goals?
Frequently asked questions
By transferring your shares into an Individual Savings Account (ISA), you shelter any gains from Capital Gains Tax (CGT).
With an ISA, you can also add other investments, building a tax-free portfolio for the long-term.
EQi is one of only a few providers to offer a Flexible ISA. It gives you the freedom to withdraw money and pay it back in the same tax year without it counting against your annual £20,000 allowance. This feature offers unique advantages for SAYE maturities.
You can buy your shares and move up to £20,000 into your FISA. Then you can sell these shares creating headroom for you to add a further £20,000 from your scheme. You can repeat this process as many times as you need and, if it is done within 90 days, no Capital Gains Tax is liable.
Any ISA keeps any gains tax free.
What’s more, a Flexible ISA offers a unique SAYE advantage if your shares have made significant gains.
You can buy your shares and move up to £20,000 into your FISA. Then you can sell these shares creating headroom for you to add a further £20,000 from your scheme. You can repeat this process as many times as you need and, if it is done within 90 days, no CGT is liable.
You can transfer your shares into a Flexible ISA via the Shares Portal. It is simple to set up and transfer your shares into an EQi FISA.
| Set up by transferring shares from a share plan | None |
| Ongoing Custody charges | A quarterly fee of £17.49 (made up of a base fee of £12.50 fee and product fee of £4.99). Your Custody fee can be fully offset by your on-line trading fees. |
| Buying and selling shares |
Online: Any size £10.99 Telephone: £27.50 To view the full Rates and Charges go to https://eqi.co.uk/info/isa/pricing |
The final deadline for applying to transfer shares directly into the EQi ISA is 6.00pm (UK time) on 31 August 2024.
If you would like more information about the EQi ISA go to https://eqi.co.uk/info/isa/benefits. If you have any questions you can contact the EQi Customer Experience Centre on 0345 0700 720, lines are open 8:00 to 17:30 (UK time), Monday to Friday (excluding UK public holidays).
