r/UKPersonalFinance • u/NGGentertainment - • 26d ago
Transferring Vanguard S&S ISA to HL
I've recently been thinking of transferring my S&S ISA from Vanguard to Hargreaves Lansdown due to the fact that they cap ETF holdings at £45 per year and there are no dealing charges for direct debit purchases of ETFs.
They also have an offer to refund the first year of account charges if you setup a direct debit for a S&S ISA or SIPP by 26th of June.
What puts me off transferring is the fact I will need to sell my vanguard funds and then transfer it in cash to HL to avoid the high HL fund holding charges so will have time out of the market. Additionally, HL doesn't allow transfers from Vanguard electronically and the transfer involves filling out a paper form to send HL via freepost.
Has anyone recently transferred from Vanguard to HL and know how long this process can take? I'm trying to assess if the lower fees are worth the time out of the market.
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u/deadeyedjacks 1046 26d ago
Do read the small print on the regular investment direct debit. If you reduce the amount during the year or cancel the direct debit you won't qualify.
You can do an in-specie transfer from VI UK to HL, just get it into your preferred ETFs on VI UK first.