Thanks for replies to my query about pensions. Unrelated but because I don't
quite know what to do.
a) I have some old shares which I would like to sell. I doubt they are
worth much but just the same. So how do I go about selling shares?
b) I inherited some shares in British Gas/ Centrica as next of kin when a
relative died. How do I sell these?
If you have certificates, and don't mind doing business over the phone,
lots of people will sell them for you. For a start, your bank will
probably offer this service. Also, the registrars for the company
(there are basically two: Computershare and Equiniti) will normally
offer the service for the shares they handle. There are also many
The real issue might be finding someone with a low commission for a
small volume sale (which is unlikely to result in repeat business).
If you have them in non-certificated form, the organisation that
maintains them within CREST, is likely to be the best choice. Otherwise
you will have to do a transfer before the sale.
Be aware that there are potential capital gains issues, although the way
you describe it, they will probably not apply. (Inherited shares had
they acquisition cost reset on death (the taxman potentially got
inheritance tax, instead). Windfall shares had a zero acquisition cost,
and so there is a higher risk of a significant capital gain.)