S&S LifeStrategy Isa - Transfer Out Vanguard

60 Posts

I am confused about the rules
I know to keep the tax-free status of an ISA it has to be transferred
I have quite a large sum of money in a Vanguard SS Isa, now that interest rates are rising, I'm getting twitchy so would like to transfer it out
Say I wanted to send the money to a Santander Cash ISA
If I sell the shares and have a cash holding in Vanguard is this money still part of the ISA wrapper (and then can be transferred to Santander)
OR
Does it have to be transferred as S&S to Santander, and Vanguard sell them when they get the instructions from Santander?
Thanks
I know to keep the tax-free status of an ISA it has to be transferred
I have quite a large sum of money in a Vanguard SS Isa, now that interest rates are rising, I'm getting twitchy so would like to transfer it out
Say I wanted to send the money to a Santander Cash ISA
If I sell the shares and have a cash holding in Vanguard is this money still part of the ISA wrapper (and then can be transferred to Santander)
OR
Does it have to be transferred as S&S to Santander, and Vanguard sell them when they get the instructions from Santander?
Thanks
0
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Replies
transfer to external bank account
sell to cash to be held within the ISA
sell to buy a different investment within the ISA (vanguard call this a switch).
I have just cashed in my daughter's ISA also with Vanguard and these options never appeared.
Did you go straight to withdrawal? if so, you wouldn't see as many options (no need for switch for example or sell to cash within the ISA)