Vanguard Life Strategy

Nanpy

Little bump to the thread to confirm something for me. I've been invested in VLS60 with Hargreaves Lansdown for about seven years. Haven't really been paying much attention to my investments for the past couple of years but I see from earlier messages than you can invest direct now.

Is investing direct with Vanguard Group the cheapest option? Can I "transfer" out of my S&S HG fund (not ISA) to VG without having to sell up and crystallise a capital gains liability?

Thanks in advance.

firestone

it would be a cheaper platform fee 0.15% up to £250000 and they only accept their own funds/cash i believe.If you look at the transfer page on their site it does say that some providers for a general account may ask you to cash out & could have CGT implications so guess you need to check with HL or do more digging

Lungboy

In a similar vein, I want to open a SIPP holding Vanguard products. I know Vanguard don't currently offer a SIPP but apparently there's one coming, so could I open one with (say) Cavendish, then simply move the funds across to Vanguard when their SIPP opens?

chockydavid1983

Yes, if you are selling non ISA funds there may be a CGT liability.
Yes, fine to transfer SIPPs over, just check for any transfer out costs.

ValiantSon

It depends on the value of your investment (and how often you trade). On larger sums with little trading a flat fee platform like iWeb could be cheaper.

Nanpy

Thanks ValiantSon and firestone!

Alistair31

Is it just me or does this thread keep getting bumped up without any new posts ? Weird.

Vortigern

Alistair31 wrote: »

Is it just me or does this thread keep getting bumped up without any new posts ? Weird.

It gets bumped every time somebody votes on the poll. The poll is now hopelessly out-of-date; many would like/need to change their votes, but can't.

The poll, and if necessary the whole thread, should be closed.

IanManc

Vortigern wrote: »

The poll, and if necessary the whole thread, should be closed.

I wish I could thank this more than once ....... in the hope that someone notices and does it.

:T

bowlhead99

You could always PM the thread starter and ask if they can close the poll so that nobody else can vote on it. Then it wouldn't keep getting bumped when people do.

Grumbling within the thread isn't going to be seen by anyone who's in a position to do anything about it.

Across the thread as a whole there are some good points made (though plenty of repetition) - but if someone wanted to know what people think, the whole thread is available on the search tool (as long as you search thread titles for life strategy rather than lifestrategy)