Hargreaves’s Lansdown ISA question

[Pablosdog]

I have 12k in a HL fund and share account, but given a new tax year I want to transfer it across to the stocks and shares ISA I’ve just opened with them. Is that possible? Or do I need to sell my shares in my fund and share account and rebuy them within the ISA?

I have the following in my fund and share account:
Baillie Gifford American
Legal and General Global 100
ftse 100
s&p 500

(any advice on what % I should be allocating my funds within these various accounts would be hugely appreciated. I’m 40)

and in my ISA I’m going to start adding to the
Blackrock target retirement fund 2045.

if I withdraw the funds from my fund and share account, should I repurchase the same shares within the ISA? Or plough them all into the target retirement fund?

Yes you can transfer them to your ISA.

send them a message telling them what you want, their customer service is very good.

That’s

Oops! That’s really helpful, thank you

Just use their messaging service, tell them what you want and they will advise how it’s done.

I would suggest asking them to keep the same funds/shares initially, then you can decide whether to sell them, and use money to go into other funds.

Just be aware that as the funds/shares are moved to your ISA, you will be liable for capital gains tax on any gains as they are outside of the ISA wrapper at present. The allowance has reduced to 3k this year, after which you would pay CGT.

Maybe look at the gains made in your F&S account first, if over 3k, move some this tax year and some in 25/26 tax year.