RE: IWeb Halifax LLoyds2 Jun 2023 15:18
That's a good question Jane on if a holding within an ISA/SIPP wrapper can be transferred broker-to-broker, without transferring the entire ISA/SIPP, and without losing the tax-free status. My Poly is with Jarvis and it's one I'll be asking them.
I searched for this a while ago in HMRC's info about SIPP/ISA and could find no mention of it in the rules. Perhaps more telling was that all the rules implied a transfer would be of an entire account. If it's not possible, perhaps this is where the restriction lies, rather than what brokers decide to offer, or not. I imagine HMRC need to keep tax free investment simple enough to remain manageable, and being able to 'split' holdings held within a single wrapper into multiple wrappers could be simply too complicated to allow. Mightn't be permitted on the grounds that it'd leave too many loopholes, and the excessive complexity it might lead to could provide opportunity for fraud or evasion, or even plain errors.