If you have a Save As You Earn (SAYE) or Share Incentive Plan (SIP) scheme, you may be able to transfer the shares into an ISA with Dodl. This transfer is a bit different to normal transfers – here’s how it works:
As a first step, your investments will need to be included in the Dodl investment range. If they aren’t we can’t accept them into your Dodl ISA.
✅ What to do if my shares are included in the Dodl range:
Next, your SAYE or SIP provider will let you know if your scheme is coming to an end and give you options on what you can do next (such as transfer).
To start your transfer, we’ll need a ‘Letter of Appropriation’ from your current scheme. You can either scan and email it to hello@dodl.co.uk or you can post it to us at;
Dodl transfers in team
4 Exchange Quay
Salford Quays
M5 3EE
This letter gives us all the information we need to process your transfer, and should include:
Your name
Company name
Number of shares held
Share option execution date, or date the shares left the scheme
Confirmation that the shares originate from a HMRC approved SAYE/SIP scheme
We’ll also need to check you’ve enough of your £20,000 annual ISA allowance leftover to accommodate the shares you’re transferring. If not, don’t worry: you have a couple of other options:
You could transfer all your shares into a general investment account with us. Then, once your shares are on our platform, we’ll move as many shares to your ISA as possible to maximise your remaining allowance.
If your current scheme allows, you could make a partial transfer. This means transferring some shares into your Dodl ISA – enough to maximise your remaining allowance – and leaving the rest with your current scheme.