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Transferring in Speccie
SpeedSouth
Posts: 361 Forumite
I am currently in the process of transferring my S&S ISA from CSD to Halifax. I've been told that the valuation was sent on the 9th of Feb to Halifax, and they are awaiting Halifax reply.
What happens with any increase/decrease in valuation in the period from valuation being sent and funds transferred?
Ultimately is the amount in your closing platform on the day of transfer the amount that appears in the receiving platform, or is there the potential to miss out on gains/benefit from drops in the market.
What happens with any increase/decrease in valuation in the period from valuation being sent and funds transferred?
Ultimately is the amount in your closing platform on the day of transfer the amount that appears in the receiving platform, or is there the potential to miss out on gains/benefit from drops in the market.
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Comments
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The title of the post indicates a "transfer in specie" - this means transferring holdings not cash.0
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What happens with any increase/decrease in valuation in the period from valuation being sent and funds transferred?
Nothing. You are transferring them in specie. So, you are not out of the market.
Sometime between now and the next 6 months, they will appear on the new platform.or is there the potential to miss out on gains/benefit from drops in the market.
You are mixing it up with cash transfer.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Transferring in-specie is transferring units you hold, the price of the units may go up or down but you will still have the same number of units on each platform."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0
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