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    • Aylesbury Duck
    • By Aylesbury Duck 9th Aug 18, 4:41 PM
    • 2,370Posts
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    Aylesbury Duck
    S&S ISA transfer - checking my understanding
    • #1
    • 9th Aug 18, 4:41 PM
    S&S ISA transfer - checking my understanding 9th Aug 18 at 4:41 PM
    I've instigated a transfer of an old S&S ISA I have with Fidelity to my new ISA with Vanguard. Am I right in thinking that once the transfer is made, the funds sit as cash in the Vanguard account until I make my fund choice and Vanguard implements it? So if the fund performed well in the intervening period I miss out on some marginal gains but if the fund were to drop in value in the same period my cash would be buying units at the marginally reduced price?

    I'm not trying to second-guess the market here, my attitude to all of this is very long term, I'm just interested in how it works.
Page 1
    • eskbanker
    • By eskbanker 9th Aug 18, 6:53 PM
    • 8,239 Posts
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    eskbanker
    • #2
    • 9th Aug 18, 6:53 PM
    • #2
    • 9th Aug 18, 6:53 PM
    If it's a Vanguard fund then it can be transferred 'in specie' from one S&S ISA to another (i.e. directly without being out of the market), but if you're holdings something else on Fidelity then you'd have to sell first before transferring the cash to Vanguard and buying one of their own products on their platform, which, as you say, you'd need to instigate. Or buy the relevant Vanguard fund(s) on Fidelity before an in-specie transfer, which may minimise time out of the market but might cost more in fees....
    • Whitterbod
    • By Whitterbod 9th Aug 18, 7:52 PM
    • 16 Posts
    • 3 Thanks
    Whitterbod
    • #3
    • 9th Aug 18, 7:52 PM
    • #3
    • 9th Aug 18, 7:52 PM
    My scottish widows isa was tranfered to vanguard as money , i then picked the funds for my portfolio. Very easy,
    • Aylesbury Duck
    • By Aylesbury Duck 9th Aug 18, 8:57 PM
    • 2,370 Posts
    • 3,163 Thanks
    Aylesbury Duck
    • #4
    • 9th Aug 18, 8:57 PM
    • #4
    • 9th Aug 18, 8:57 PM
    Thanks both. It's an Invesco fund on the Fidelity platform, so it seems it would arrive at Vanguard as cash.
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