Moving paper shares into an ISA?

My wife and I have inherited some shares, now (mostly) re-registered in our names. We pay tax on dividends, but we're not using our 'shares etc' ISA allowances. I spotted that Equiniti (who already manage some of our shares) have an ISA arrangement (0.5% annual fee) and offer to sell and re-purchase shares (into their ISA). Is this a good deal, and is it safe?
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Reply to
Philip Herlihy
wrote:
As no-one else has yet responded, here's my two pennyworth... It's safe enough, but why bother? Unless you're a higher-rate taxpayer then aiui there is no advantage in a shares isa unless you'll be hit for capital gains tax, and you're paying them 0.5 percent for nothing.
Reply to
Tiddy Ogg
In article , snipped-for-privacy@madasasheep.com says...
Thanks for this. In fact dividend income is a signicant part of our income. The proportion it represents of overall income will increase as earned income falls off, so any savings on income tax wil be useful - although I recognise it'll take many years to get enough salted away in an ISA. CGT is also an issue for us if we start selling them.
Of course, it's worth remembering that I once put £3k into a Technology Bubble ISA and now can't offset the 2/3 losses I incurred!
Reply to
Philip Herlihy

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