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    • Rheumatoid
    • By Rheumatoid 10th Oct 18, 9:19 PM
    • 451Posts
    • 1,205Thanks
    Rheumatoid
    Partial S&S ISA transfer - HL to Vanguard
    • #1
    • 10th Oct 18, 9:19 PM
    Partial S&S ISA transfer - HL to Vanguard 10th Oct 18 at 9:19 PM
    I have a S&S ISA with HL that I have been contributing to for a few years and have built up a fairly large holding in a Lifestrategy fund. Is it possible to just transfer out the Lifestrategy fund into an ISA I hold with Vanguard? I will have bought into the fund for this and previous years.
    The cost saving will more than cover the 25 transfer fee if it is possible.
    Thanks
    R.
    16 Panel (250W JASolar) 4kWp, facing 170 degrees, 40 degree slope, Solis Inverter, Geo Solo II Monitor. Installed 29/9/2015 - 4700 (Norfolk Solar Together Scheme)
    Year target (PVGIS-CMSAF) = 3880kWh - Installer estimate 3452 kWh:
    Year 1 = 4152kWh; Year 2 =4169; Year 3 = 4389
Page 1
    • Reed_Richards
    • By Reed_Richards 10th Oct 18, 9:30 PM
    • 184 Posts
    • 89 Thanks
    Reed_Richards
    • #2
    • 10th Oct 18, 9:30 PM
    • #2
    • 10th Oct 18, 9:30 PM
    I'm not sure if you can transfer the fund intact or if you have to sell it within the HL ISA, transfer the funds to Vanguard then buy back in. So if that is what you mean by your question, then I'm sorry but I haven't given you an answer.
    Reed
    • Rheumatoid
    • By Rheumatoid 10th Oct 18, 9:42 PM
    • 451 Posts
    • 1,205 Thanks
    Rheumatoid
    • #3
    • 10th Oct 18, 9:42 PM
    • #3
    • 10th Oct 18, 9:42 PM
    I'm not sure if you can transfer the fund intact or if you have to sell it within the HL ISA, transfer the funds to Vanguard then buy back in. So if that is what you mean by your question, then I'm sorry but I haven't given you an answer.
    Originally posted by Reed_Richards
    Thanks. I guess the preferred option is to transfer the fund but I am still not sure if I could just transfer cash from the proceeds that would have been contributed to for this and previous ISA years.
    16 Panel (250W JASolar) 4kWp, facing 170 degrees, 40 degree slope, Solis Inverter, Geo Solo II Monitor. Installed 29/9/2015 - 4700 (Norfolk Solar Together Scheme)
    Year target (PVGIS-CMSAF) = 3880kWh - Installer estimate 3452 kWh:
    Year 1 = 4152kWh; Year 2 =4169; Year 3 = 4389
    • Reed_Richards
    • By Reed_Richards 11th Oct 18, 6:17 AM
    • 184 Posts
    • 89 Thanks
    Reed_Richards
    • #4
    • 11th Oct 18, 6:17 AM
    • #4
    • 11th Oct 18, 6:17 AM
    You can certainly make a partial transfer as cash. The only restriction is that if this cash includes contributions you have made this tax year then any further contributions to a S&S ISA this year must be to the new provider (Vanguard in your case).

    AFAIK there is nothing in the ISA rules to prevent you transferring the fund; it just depends if HL and Vanguard will play along.
    Reed
    • Rheumatoid
    • By Rheumatoid 11th Oct 18, 9:29 AM
    • 451 Posts
    • 1,205 Thanks
    Rheumatoid
    • #5
    • 11th Oct 18, 9:29 AM
    • #5
    • 11th Oct 18, 9:29 AM
    I'll email them, thanks
    16 Panel (250W JASolar) 4kWp, facing 170 degrees, 40 degree slope, Solis Inverter, Geo Solo II Monitor. Installed 29/9/2015 - 4700 (Norfolk Solar Together Scheme)
    Year target (PVGIS-CMSAF) = 3880kWh - Installer estimate 3452 kWh:
    Year 1 = 4152kWh; Year 2 =4169; Year 3 = 4389
    • chris1
    • By chris1 12th Oct 18, 3:05 PM
    • 531 Posts
    • 178 Thanks
    chris1
    • #6
    • 12th Oct 18, 3:05 PM
    • #6
    • 12th Oct 18, 3:05 PM
    You can certainly make a partial transfer as cash.
    Originally posted by Reed_Richards
    I'm not sure this is true - according to Vanguard you can't make a partial transfer of cash, only investments already in Vanguard funds, other funds OR CASH will remain with the original ISA platform. Please correct me if I'm wrong!
    • masonic
    • By masonic 12th Oct 18, 6:27 PM
    • 9,937 Posts
    • 7,148 Thanks
    masonic
    • #7
    • 12th Oct 18, 6:27 PM
    • #7
    • 12th Oct 18, 6:27 PM
    I'm not sure this is true - according to Vanguard you can't make a partial transfer of cash, only investments already in Vanguard funds, other funds OR CASH will remain with the original ISA platform. Please correct me if I'm wrong!
    Originally posted by chris1
    Seems very unlikely. How would anyone transfer from a provider who didn't offer Vanguard funds? How would anyone transfer in a cash ISA?
    • chris1
    • By chris1 13th Oct 18, 11:19 AM
    • 531 Posts
    • 178 Thanks
    chris1
    • #8
    • 13th Oct 18, 11:19 AM
    • #8
    • 13th Oct 18, 11:19 AM
    Seems very unlikely. How would anyone transfer from a provider who didn't offer Vanguard funds? How would anyone transfer in a cash ISA?
    Originally posted by masonic
    As I understand it, you can transfer the whole of an ISA without problem, but a PARTIAL transfer of an ISA is only possible for those investments already in Vanguard funds, any other funds OR CASH will have to remain with the original ISA platform, which is not what an earlier post (#4) said. Very inconvenient!
    • masonic
    • By masonic 13th Oct 18, 11:33 AM
    • 9,937 Posts
    • 7,148 Thanks
    masonic
    • #9
    • 13th Oct 18, 11:33 AM
    • #9
    • 13th Oct 18, 11:33 AM
    Indeed, a very strange state of affairs for which the solution would be to carry out a partial transfer to a cash ISA, then a full transfer of the resultant cash ISA to Vanguard. Possibly two partial transfers if you wish to transfer Vanguard funds in specie as well as cash.

    Quite what Vanguard is trying to achieve by forcing customers through such a workaround is a mystery to me.
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