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!
Transfer S&S ISA from HL to Iweb - Cash or In Specie?
Options

Qyburn
Posts: 3,583 Forumite

Hi,
My HL ISA is reaching the stage where I would benefit from a transfer to fixed fee platform, for example Iweb. It's a bit of a mess at the moment as I've been adding to it piecemeal and have had some changes of heart. I don't expect to add more this tax year.
So the question is do I (1) tidy it up with HL where there are no trading fees, and try the transfer in-specie or (2) if that's not possible instruct transfer in cash and buy the funds in from scratch in Iweb?
What I don't know is if the in-specie transfer will still incur trading fees in Iweb. If They do then maybe cash is the better option with no need to tidy up in HL as it's all going to be sold anyway.
Any comments appreciated.
Thanks.
My HL ISA is reaching the stage where I would benefit from a transfer to fixed fee platform, for example Iweb. It's a bit of a mess at the moment as I've been adding to it piecemeal and have had some changes of heart. I don't expect to add more this tax year.
So the question is do I (1) tidy it up with HL where there are no trading fees, and try the transfer in-specie or (2) if that's not possible instruct transfer in cash and buy the funds in from scratch in Iweb?
What I don't know is if the in-specie transfer will still incur trading fees in Iweb. If They do then maybe cash is the better option with no need to tidy up in HL as it's all going to be sold anyway.
Any comments appreciated.
Thanks.
0
Comments
-
Hi,you can sign up with IWeb free HERE, usually £100.I'm in process of doing in-specie transfers from Interactive Investor, Trading Account and Isa.You open an account, no need to deposit funds, then initiate your transfer from Hl.My transfer from II was all done online, so no delay with forms in post.0
-
You only pay a trading fee when you trade on the market. An in specie transfer does not incur any fees. However, if you transfer in cash, you'd need to stump up a fiver for each asset you bought.
1 -
Qyburn said:Hi,
My HL ISA is reaching the stage where I would benefit from a transfer to fixed fee platform, for example Iweb. It's a bit of a mess at the moment as I've been adding to it piecemeal and have had some changes of heart. I don't expect to add more this tax year.
So the question is do I (1) tidy it up with HL where there are no trading fees, and try the transfer in-specie or (2) if that's not possible instruct transfer in cash and buy the funds in from scratch in Iweb?
What I don't know is if the in-specie transfer will still incur trading fees in Iweb. If They do then maybe cash is the better option with no need to tidy up in HL as it's all going to be sold anyway.
Any comments appreciated.
Thanks.
Offer | Investing | Halifax
0 -
Halifax S&S ISA ( annual fee £36) is offering cashback for transfer in at the moment.
Offer | Investing | Halifax0 -
Qyburn said:Halifax S&S ISA ( annual fee £36) is offering cashback for transfer in at the moment.
Offer | Investing | Halifax
As I don't plan to trade with Halifax, this has worked out well. If you have lots of trades to do to re-balance/tidy up, then best to do it at HL if you hold funds. Halifax/iWeb are great for buy and hold.0 -
Qyburn said:Halifax S&S ISA ( annual fee £36) is offering cashback for transfer in at the moment.
Offer | Investing | Halifax0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards