iWeb Funds Buying and Selling
BearWhite
Posts: 600 Forumite
Hi,
Is there a way to transfer between funds in an iWeb SIPP, or do I have to sell the fund I hold then buy another?
Thanks
Is there a way to transfer between funds in an iWeb SIPP, or do I have to sell the fund I hold then buy another?
Thanks
0
Comments
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There is a fund switching facility, but is slow (except for ETFs):
https://www.vanguardinvestor.co.uk/need-help/answer/how-long-does-it-take-to-switch-from-one-fund-to-another
If you have some cash in the SIPP, you can switch in stages with a series of simultaneous sales and purchases.0 -
Some platforms such as HL allow you to switch funds with a single instruction, although in reality it's a sale and purchase, but I don't think IWeb provide this facility so you will have to give them 2 instructions
3 -
ColdIron said:Some platforms such as HL allow you to switch funds with a single instruction, although in reality it's a sale and purchase, but I don't think IWeb provide this facility so you will have to give them 2 instructions0
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Be careful of their £5 per trade, by doing it in chunks.
Worth bearing in mind.How's it going, AKA, Nutwatch? - 12 month spends to date = 2.31% of current retirement "pot" (as at end March 2024)2 -
GeoffTF said:There is a fund switching facility, but is slow (except for ETFs):
https://www.vanguardinvestor.co.uk/need-help/answer/how-long-does-it-take-to-switch-from-one-fund-to-another
If you have some cash in the SIPP, you can switch in stages with a series of simultaneous sales and purchases.1
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