Physical ownership of Australian based shares

Lachako

Excuse me if this seems like a stupid question but I'm looking for some clarification.

Basically I own some shares in an Australian (ASX) company which I purchased through an Irish broker. I'm charged a fee annually for this broker to hold these shares, however is it possible for me to physically or digitally take ownership of these shares to avoid paying an annual fee to a broker that is doing nothing to earn this annual fee?

I'm under the impression that companies don't issue paper share certs anymore (or is this just an Australian - ASX stance), so how can I take physical ownership of these shares, to hold for as long as I wish, without paying an annual fee to a broker?

Any advice is welcome, so long as it's factual and accurate!

newacc2015

Lachako wrote: »

Excuse me if this seems like a stupid question but I'm looking for some clarification.

Basically I own some shares in an Australian (ASX) company which I purchased through an Irish broker. I'm charged a fee annually for this broker to hold these shares, however is it possible for me to physically or digitally take ownership of these shares to avoid paying an annual fee to a broker that is doing nothing to earn this annual fee?

I'm under the impression that companies don't issue paper share certs anymore (or is this just an Australian - ASX stance), so how can I take physical ownership of these shares, to hold for as long as I wish, without paying an annual fee to a broker?

Any advice is welcome, so long as it's factual and accurate!

Campbell O'Connor in Dublin 2 do paper certs with a once off fee. I dont know if you can buy Australian shares with them though.

Another option is selling the shares with the existing broker and buying them using degiro if you have a capital loss

Lachako

newacc2015 wrote: »

Campbell O'Connor in Dublin 2 do paper certs with a once off fee. I dont know if you can buy Australian shares with them though.

Another option is selling the shares with the existing broker and buying them using degiro if you have a capital loss

Excuse my ignorance, but what's the benefit of selling them and then buying them using degiro, if there's a capital loss?

newacc2015

Lachako wrote: »

Excuse my ignorance, but what's the benefit of selling them and then buying them using degiro, if there's a capital loss?

If you sell them with the broker you currently have them with. Degiro will be super cheap to buy them again and sell in the future. They have a small annual fee of like €2 per exchange you hold shares in

If you have a capital loss. You dont have to worry about capital gains tax if you sell them

b4bmm

Have you looked to see if other brokers charge these holding fees?

I own some ASX shares but they are with an Australian bank and there are no holding fees and I have never heard of holding fees. You pay a fee to buy and sell and that's it.

I'd recommend to look into a brokerage account with companies like interactive brokers or Saxo capital markets. You can trade on any exchange in the world on those and with IB the costs were the lowest I have found, at least for my particular situation.