RE: Pension Question1 Feb 2025 19:08
Hey Phil,
Awesome to hear from you - I trust you are well?
As you correctly say, certainly not financial advice but as per the 2021 guidance, that hasn’t changed since, you and your wife have completely separate allowances for CTG (so essentially double your income own).
If all these shares are outside of an ISA, it will take some time to transfer them over (under the annual limit that is decreasing rapidly) but it’s best to start sooner than later.
A lot of talk on here about bedding but if you’re able to be on top of a simple transaction of selling any shares outside of your ISA, then repurchase within the ISA (up to annual allowable limits) the I would personally do that every financial year from here on out.
With 82,000 shares and the threshold for sales of non ISA/SIPP shares degrading every year, it will take a long time mate, but if you don’t need the money as draw down now, do as much as you can every year.
But yes, spouse/civil partnerships essentially double your allowance before any CTG.
An absolutely no advice given there 😂😂😂