Transfer to the Share Service Account

Your shares will be held electronically in the Share Service Account and can be accessed via the Share Schemes Website.

This gives you the most time to consider what to do next as it allows further transfers for more complex arrangements. Such as,

• Transferring your shares to your Spouse / Civil Partner and taking advantage of their annual allowance limit.
• Transferring your shares to another ISA provider as you may already have an open account to use (ISA allowance will still apply). This will need to be arranged within 90 days of buying the shares otherwise it may give rise to a CGT liability.

More details on how to do this and the forms to use are in the FAQs.

Transfer fees will be waived if the request is received within 90 days of the shares being transferred in to the Share Service Account. For information see the details of dealing fees.

Remember, if you sell your shares from the Share Service Account, and your gain is above the annual allowance limit, you will have to pay CGT and you should read the details on the EQi ISA if this applies to you. If you're not sure then speak to one of the WEALTH at work guidance team after your education session.

If you continue to hold shares the value of them could fall and you may not get all your money back. Alternatively, they could increase in value and your capital gain could increase above the annual CGT allowance limit.

Transfer to an EQi ISA

This gives you easy access to an ISA, which helps to mitigate your CGT liability should you sell your shares straight away or hold them over time.

What you'll receive if you decide on the EQi ISA:

• Two welcome letters, within 5 days of account opening. One letter will include your PIN and the other will include your EQi account number and information on how to access your account so that you can sell your shares.
• An email notification advising that there is a secure message available to view to advise of completion of transactions.*
• An email notification advising that there is secure message available to view, before and after the residual shares have been transferred from the EQi Dealing account (an associated account linked to the EQi ISA for this purpose)*.
• An EQi Dealing account which will hold any shares or residual shares that can be moved to an EQi ISA at a later date.

* Email notifications are sent if you elect for notification preferences.

For those of you with a share value over £20,000, the annual ISA allowance, this election choice has been built so that any shares above the share value of £20,000 will be transferred into an EQi Dealing account.

Importantly, because the new financial year is within the 90-day limit of the Sharesave maturity on 1 February 2026, these shares will also benefit from being moved into the EQi ISA. This move will happen automatically, and you will be notified securely when the residual shares have been successfully moved into your EQi ISA.

Please be aware that if you move your shares from your EQi Dealing account into your ISA after 90 days from buying the shares, the shares will be sold and bought again which may give rise to a CGT liability.

It is a requirement by law to confirm the identity of all individuals opening an EQi ISA, if it is not possible to verify your identity a letter will be sent to you requesting some identification documents, the letter will list the documents that you can use to complete the verification. If the ID documents are not received by the time your shares are ready to be allotted to your EQi ISA account then all your shares will be held in the Dealing account. If after 30 days after your shares have been allotted to your EQi Dealing account the ID documents have still not been received a further letter will be sent advising your shares will be converted to a certificate and be posted out to you if the ID documents haven't been received at 45 days, your EQi account will be closed and your admin fee refunded.

For more information on the EQi ISA go to Your Sharesave.

Costs and fees

We have worked with Equiniti and Equiniti Financial Services Ltd., to ensure that the costs of the Sell All and transfer to EQi options are the same. Transferring your shares to EQi will not cost you any more than selling from the Share Service Account or the Sale service (Choice 3). An admin fee of minimum £20 or 1% of the total value of the shares that you elected to buy (i.e. the total includes shares transferred into your EQi ISA and the balance in your EQi Dealing account), will be due when the shares are transferred to EQi.

The admin fee can be paid by debit card or bank transfer (BACs) using the bank details collected when you opened the EQi Flexible ISA, online or over the telephone. If the fee is not paid by the date which you will be notified of, EQi will collect the amount owing by bank transfer (BACS) or, you may need to sell some of your shares to cover the amount owed. Please refer to clause 16.6 of the EQi Terms and Conditions for full details on the fee recovery process.

Your first sale of shares through EQi will be nil commission, subsequent sales will be charged at the standard rate of £10.99 per trade.

Full details of our dealing fees can be found at here.

Sell all of your shares

This gives you quick access to the profits from your shares; however, these would be subject to CGT if over the annual CGT tax free allowance limit.

Using the Equiniti Financial Services Limited Share Sale Service (the 'Share Sale Service'), you can sell your shares as part of the maturity process via the Share Schemes Website. This is different to selling through the Share Service Account or EQi ISA as you only give one instruction and are subject to a dealing timetable. It is recommended that you become familiar with these dates.

You may choose this if you've used the calculator and you're not impacted by CGT (as your gain is below the annual CGT tax free allowance limit).

You can still choose this if your gain is more than the CGT tax free allowance limit, but you will have to pay CGT. You should read the details on the EQi ISA if this applies to you, as you can sell on the first day the shares are in your EQi ISA, which may be a better choice as the shares will be exempt from CGT (if the transfer of shares to the EQi ISA has taken place within 90 days of buying the shares at maturity).

What you'll receive

Once you've given an instruction to sell your shares, you'll receive an email to the address that you used when registering your account with the Share Schemes Website, confirming your instruction. You'll need to refer to the key dates to find out when the sale will take place.

Once the sale completes, you'll receive a contract note through the post and it will contain the details of the sale. If we have your bank details, you'll receive your sale proceeds within 5 working days following the completion of the sale.

A message will be posted to the Share Schemes Website if the sale takes more than a day to complete.