Where to hold shares?

[T.J.B]

Hello,

I've recently purchased £450 worth of shares in a company on the FTSE250. I purchased them using X-O and they seem to be in my "portfolio" on there.

What I'm wondering is whether this is the most efficient place to be keeping them? Should I/Can I transfer them to a stocks and shares ISA?

Very new to this so any guidance would be appreciated.

Thanks

[essayer]

AFAIK you can’t transfer stocks and shares into an ISA directly, you have to sell and rebuy
I was reading about ‘bed and ISA’ which seems to be the generic name for the process, where the provider does it for you, obviously for a small fee but probably worth it so you don’t need to faff with tax returns etc

[T.J.B]

Thanks,

Am I right in saying then that within a normal, high street S+S ISA I could choose to buy individual shares in any listed company?

As I hope (who doesn't!) that the value of my existing shares will go up, I guess it's better to do this asap?

[xeny]

Yes, although high st ISAs tend to have painfully high fees. Have a look at http://monevator.com/compare-uk-cheapest-online-br... for some options with lower fees if you don't want an ISA with X-O.

Yes, although with a £450 investment, you'd have to do insanely well to exceed your dividend and CGT allowances.