simoan wrote:paulnumbers wrote:
I assume you've considered the costs of stamp duty & the spread in doing that?
Absolutely! The thing is once I'm in cash I don't have to buyback the same 12 shares so I can limit the costs to a certain extent, and if I buy AIM shares in the new ISA stamp duty is not a factor. All in all it should cost much less than £300 and the transfer out of cash only should be quick. If I sell some of the shares this week (to reach 10 trades in March between my SIPP and ISA) and sell the rest next week, the April sales will only cost £4.95 each so the total selling cost would be ~£85.
There's no really good way of doing it, because ideally I'd want to transfer the shares to another provider for nothing, so I'm just trying to find the least bad way of leaving AJ Bell!
All the best, Si
It's an interesting problem So it sounds like you have 5 trades done already this month? Leaving 5 more to do @ £10 on the 31st, then 7 on the 3rd April @ £5 each?
You could then purchase everything in one share for an extra £5. Transfer that to IG index for £25, so total fees to Youinvest £115.
Then IG would reward you one of these...
£10,000 - £49,999 £75
£50,000 - £99,999 £125
So perhaps a small profit excluding the spread.