We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Tax query on cashing in an investment portfolio
Options

Euro_Skank
Posts: 37 Forumite

Hi,
If I were to sell some of my Hargreaves Lansdown holdings then buy into a Vanguard fund would I have to pay tax on the amount I withdrew from H&L? I'm a resident UK tax payer.
Cheers!
If I were to sell some of my Hargreaves Lansdown holdings then buy into a Vanguard fund would I have to pay tax on the amount I withdrew from H&L? I'm a resident UK tax payer.
Cheers!
0
Comments
-
Do you hold the fund unwrapped or within a tax wrapper? (i.e. ISA, pension or bond)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
-
Hi,
Thanks for your reply. About a quarter of it is in unwrapped funds / shares.0 -
Euro_Skank said:Thanks for your reply. About a quarter of it is in unwrapped funds / shares.
https://www.gov.uk/capital-gains-tax
https://www.gov.uk/tax-sell-shares
1 -
Why not just buy the Vanguard fund on the HL platform ?1
-
eskbanker said:Euro_Skank said:Thanks for your reply. About a quarter of it is in unwrapped funds / shares.
https://www.gov.uk/capital-gains-tax
https://www.gov.uk/tax-sell-shares
So that £12,300 you quoted is a seperate cap for investments or does that include other incomes eg property or salary etc?0 -
Albermarle said:Why not just buy the Vanguard fund on the HL platform ?
Plus, I don't want to hold more than the protected £85K with any one provider.0 -
Deleted_User said:Albermarle said:Why not just buy the Vanguard fund on the HL platform ?
0 -
Euro_Skank said:Albermarle said:Why not just buy the Vanguard fund on the HL platform ?
Plus, I don't want to hold more than the protected £85K with any one provider.
Normally the funds have the same charge whichever platform you hold them on . So the fund you mention will have the same 0.23% charge on either HL or Vanguard platforms.
Separately there is a platform charge . For HL it is 0.45% and for Vanguard it is 0.15% . So overall holding this fund on the Vanguard platform will be cheaper = 0.38%.
When you are talking about companies like Vanguard or HL , there is no need to worry about the £85K compensation . They are not banks and the chance of them going bust is almost zero . Many people hold hundreds of thousands on one platform with no worries.0 -
Euro_Skank said:So that £12,300 you quoted is a seperate cap for investments or does that include other incomes eg property or salary etc?1
-
Euro_Skank said:Plus, I don't want to hold more than the protected £85K with any one provider.
But my understanding is that the £85k protection relates to any cash you have in the wrapper.
Anything invested in gilts, equities, funds or ETFs will be held separate from the platform's funds and will (should?) not be impacted, even if the platform itself goes bust.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards