Employee share plans: SAYE and SIP - interactive investor

Q: When will I know you have received my provider's request?

As soon as your provider's request is received, we set up a transfer in our system and notify you via email.

Q: At what price will you apply the shares to my account?

The value of holdings to be transferred is worked out as the closing price of your holding on the date the shares settle in the custody of ii.

Q: What happens if I initiate the transfer after the 90-day exercise window?

If the transfer starts outside the 90-day exercise window, the shares must be deposited into a Trading Account.

Q: If a transfer is delayed despite exercising the shares within the 90-day window, will shares still go into my ISA?

Due to HRMC regulations, the shares must be settled into your ISA account within the 90-day window. Any shares received directly outside of this window, unless they were physically received into the ISA within the 90 days, will have to be deposited into a General Investment Account (known as a Trading Account ).

At interactive investor, we only accept shares into an ISA from a Save As You Earn (SAYE) or a SIP (Share Incentive Plan) scheme.

Transferring the shares into an ISA

Transfers of employer share plans directly into an ISA must be made within 90 days of the exercise of the SAYE option or released from the SIP.

Your employee scheme, broker, or registrar must initiate the transfer request via the online portal.

Please request a Letter of Appropriation (LOA) from the scheme provider confirming your details and information relating to your holding and its release date from the scheme.

Letter of Appropriation must include:

Your name and address. These must match the name and address on your ii account
Referencing that the shares are from a share save scheme (SAYE or SIP) or confirmation that the shares are from an HMRC-approved scheme
Stock name
Number of shares released from the scheme
Release date from the scheme

Not all scheme providers can provide a LOA. In this case, we may accept an account statement; however, it must include the above information.

Please Note

The transferred share value counts towards your current tax year ISA allowance. Please check your allowance before transferring.
If share values exceed your ISA allowance, excess shares must transferred into a Trading Account.

Your scheme provider may need these details for the transfer:

Crest ID / Clearing info: 277

Name of Broker: Interactive Investor

Account Number: your 7-digit ii account number.

Broker Email Address: Transfersin@ii.co.uk

Broker Contact Number: 0345 607 6001

Contact Name: Transfers Team

Broker Address: 2nd floor, One Embankment, Neville Street, Leeds, LS1 4DW

Contact name: Transfers team

When will I know you have received my provider's request?

At what price will you apply the shares to my account?

What happens if I initiate the transfer after the 90-day exercise window?

If a transfer is delayed despite exercising the shares within the 90-day window, will shares still go into my ISA?