Following the fee changes with vanguard I am looking to switch my S&S ISA (Which is almost fully on the 100% Lifestrategy and just a few hundred pounds on Emerging markets and S&P500 funds) to T212. I opened an account with them and when trying to transfer the ISA there I see can only transfer the S&P500 ETF as it is the only one that is in T212 in specie too but I can’t transfer the 100% Lifestrategy.
My question is it okay if I just transfer this to the new ISA on T212 and just sell my 100% lifestrategy and buy again on different ETFs on T212? Will this not count as opening two different ISAs in the same tax year and paying into two different ones? It does sound to me like I cannot do it, if so what is the alternative?
I thought the Vanguard platform had VWRP or VWRL, if they are good enough as an alternative to the UK lifestrategy 100%, then you won’t be out of market during the transfer?
As long as you don’t withdraw cash from Vanguard and deposit elsewhere, it won’t count as new money.
It will failed even when both platforms have the same products, only because they use different channels/methods to transfer. Vanguard only uses Euroclear but Trading 212 only uses Crest. It’s so frustrating that no one from both sides could tell me this, before I waited for three months. I couldn’t buy or sell my ETFs in between, and causes lost. It’s so frustrating and unacceptable.
Idk if this is any help but this is what happened to me too! I had LS100/VAFTGAG/VUSA (I know it’s overkill but vg was my first S&SISA) and I did a switch internally in Vanguard for LS100/VAFTGAG to VHVG, but then found out it can’t be transferred either. Now I’ve ended up with everything in VUSA as only that could be transferred. I can’t wait for it to just be done… Hope it goes quickly for you!
Hope it goes quickly for you!