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Transfer Vanguard S&S ISA to HL SIPP

I currently have £20k invested in VLS funds. I am thinking I should transfer this to a SIPP to benefit from the tax relief. My intention would be to invest in VLS funds via HL.

Is it possible to do a direct transfer from the Vanguard ISA to the HL SIPP or would I need to transfer toa HL ISA first?

Many thanks.

Comments

  • Vanguard are supposed to be launching their own SIPP by the end of this year
  • dunstonh
    dunstonh Posts: 121,292 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Is it possible to do a direct transfer from the Vanguard ISA to the HL SIPP or would I need to transfer toa HL ISA first?
    You would need to encash the ISA and receive the money back and then reinvest the £25,000 gross.

    Do you have the earnings to support a £25k pension contribution?
    Vanguard are supposed to be launching their own SIPP by the end of this year

    Were not are. They have issues which have delayed it with no timescale now quoted.
    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.
  • BoGoF
    BoGoF Posts: 7,098 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Thanks dunstonh. Yeah I have the relevant earnings.
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