Hi Guys,
First off I know very little of share so some patience would be appreciated. Let me try to explain my current situation. I work for a blue chip IT company and have bought shares (approx 2K) via an employee discount share plan and the company also offers share purchases as part of a pre-tax bonus payout which I have opted for (approx 2K). Now while I am with the company all of the shares are handled by the company but when I leave I must transfer the shares to a "nominee account" in order to retain them. So just three questions
1) Can someone recommend a broker/company (that I can setup a nominee account with and transfer the shares to when I leave) that does not charge a monthly/anual account fee (I plan on holding onto these shares for a while) and also charges low commission.
2) My understanding of a "nominee account" is that the shares are held by someone else in my name but I have none of the benefits of the shareholder such as voting rights and divendends. Is this correct and if so is there way around having to use a "nominee account" or does this ultimate depend on the scheme/contract Ive entered into.
3) What are the tax implications (generally) for holding/trading the shares outside of Ireland? Do I just need to declare any and all tax to be compliant?
Im sorry if some of the above is confusing so if you need clarification on any of the above questions or the scenario please do not hesitate to ask.
Regards,
Dave
First off I know very little of share so some patience would be appreciated. Let me try to explain my current situation. I work for a blue chip IT company and have bought shares (approx 2K) via an employee discount share plan and the company also offers share purchases as part of a pre-tax bonus payout which I have opted for (approx 2K). Now while I am with the company all of the shares are handled by the company but when I leave I must transfer the shares to a "nominee account" in order to retain them. So just three questions
1) Can someone recommend a broker/company (that I can setup a nominee account with and transfer the shares to when I leave) that does not charge a monthly/anual account fee (I plan on holding onto these shares for a while) and also charges low commission.
2) My understanding of a "nominee account" is that the shares are held by someone else in my name but I have none of the benefits of the shareholder such as voting rights and divendends. Is this correct and if so is there way around having to use a "nominee account" or does this ultimate depend on the scheme/contract Ive entered into.
3) What are the tax implications (generally) for holding/trading the shares outside of Ireland? Do I just need to declare any and all tax to be compliant?
Im sorry if some of the above is confusing so if you need clarification on any of the above questions or the scenario please do not hesitate to ask.
Regards,
Dave