Hargreaves
Lansdown ISA and PEP Transfers
Hargreaves Lansdown ISA and PEP Transfers
If
you are happy with your holdings then Hargreaves Lansdown
suggest you transfer as stock. This is where your funds are
transferred as they are, without changes. Almost all fund
managers offer stock transfers and whilst a few levy exit
fees, these are usually no more than twenty five pounds and
can often be recouped with the loyalty bonuses they offer
on more than 1,200 funds.
If
you have decided it is time for a change, They suggest you
transfer as cash.You can indicate the fund(s) you would prefer
on the transfer form and they shall arrange for your current
holdings to be sold, the proceeds transferred and then reinvested
within the Vantage ISA as soon as Hargreaves Lansdown receive
them.
But they can also hold the proceeds as cash for later reinvestment.
If you transfer as cash remember that you will be out of the
market while the transfer takes place. This can work in your
favour if the market falls, but if it rises you will not benefit
from any growth while you hold the cash.
For
further information on Hargreaves Lansdown ISA and PEP Transfers
visit the Hargreaves Lansdown website.
|
