Impact on ISA allowance of transferring FTSE Global All Cap in Vanguard to T212

I have £18k invested in FTSE Global All Cap in my Vanguard account of which I have put £6k this tax year. I have also put £11k in Cash ISAs this year, so have £3k allowance remaining.

WIth the recent fee changes, I want to move my S&S ISA to T212 but know that VAFTGAG isn’t offered by T212.

I can do a cash transfer but that would involve Vanguard selling my fund and transferring the cash amount to T212. I would then use that money to buy funds in T212. Would I only be able to use £3k of the £18k to buy in T212 or can I use the full £18k this tax year?

Alternatively, I can switch my Vanguard fund to VWRP and transfer this In Specie to T212. I presume this would transfer the full £18k value across and still have the £k left to invest?

Hi @theL8investor welcome to the T212 community. The most important thing to remember with ISAs is always initiate a transfer and never be tempted to sell and withdraw the cash to move it to a new provider. Doing that would count as adding new money in the tax year and contribute towards your ISA allowance.

If you follow the two options you mentioned this will not count as adding new money to an ISA so you will either be able to use the full £18k to buy new funds offered by T212 or if you buy VWRP you could transfer than in Specie. Just make sure whatever you do, you initiate a transfer to T212 and dont withdraw any cash.

2 Likes