RE: TUI15 May 2024 12:26
@whatismoney1 this is the info I received today from HL regarding delisted shares
If shares are delisted from the market you're able to retain the shares in your HL Fund & Share Account or HL SIPP with no penalties or charges.
However, delisted stock can't be held in an ISA because HMRC regulation states that for a stock to be eligible to be held within an ISA, it must be listed on a recognised exchange.
You're able to instruct for the delisted stock to be transferred from your Stocks & Shares ISA to a Fund & Share Account if you wish and can do so by sending us a secure message.
When a stock is de-listed and subsequently removed from your Stocks & Shares ISA you will lose this portion of your ISA allowance, regardless of when the contribution was made. You won't be able to subscribe cash in lieu of the shares.
If you'd like the shares removed from your account, you can gift the shares to charity via the HL Foundation.
Should you wish to do this, you can do so by sending a secure message with your instruction.
This message must include a gifting instruction as well as the full title of the shares, number of shares you seek to gift, and which account the shares are held within. Should this be stock held in your HL Stocks & Shares ISA, you'll also need to confirm you will lose ISA status on the value of the stock you wish to gift.
It's not possible to donate stock from either an HL SIPP or an HL SIPP Drawdown account to charity.
There's no charge for gifting shares or money to the HL Foundation, and if a withdrawal or charity donation would leave less than £50 in an account, automatic account closure will be triggered.
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