Transfer VCTs to HL
Transfer your VCTs to the UK’s #1 direct investment platform
Save time, money, and effort when you hold all your VCTs with HL.
Important information: VCTs invest in small, early-stage companies, so they’re considered a high risk investment. Their value can go down as well as up, and your money may be hard to access in the short term - you could get back less than you invest. Any income is variable and not guaranteed. They're long-term investments (5 years+), best suited to experienced investors as part of a broader portfolio. This isn’t personal advice. If you're not sure, ask for financial advice. Tax rules can change and benefits depend on your personal situation.
Important information: VCTs invest in small, early-stage companies, so they’re considered a high risk investment. Their value can go down as well as up, and your money may be hard to access in the short term - you could get back less than you invest. Any income is variable and not guaranteed. They're long-term investments (5 years+), best suited to experienced investors as part of a broader portfolio. This isn’t personal advice. If you're not sure, ask for financial advice. Tax rules can change and benefits depend on your personal situation.
Why transfer VCT shares to HL?
Hold your VCT shares using the HL Fund and Share Account so they're manageable and you can sell them when you want to.
Free to hold
Holding VCTs and lodging share certificates is free. Plus, we won't charge you to transfer.
Sell with ease
Benefit from our buy-back service, available on most VCTs, making it quick and easy to sell your shares.
Easy management
Track and manage your VCTs alongside your other HL investments, online or with our award-winning app.
How to transfer VCT share certificates
If you have VCT shares as certificates, you'll need to complete a form and post it to us. Send the form with your certificates to:
Hargreaves Lansdown, One College Square South, Anchor Road, Bristol, BS1 5HL
We recommend you send your certificates by recorded delivery.
We’ll add the shares to your account and send confirmation when we've received them.
How to transfer VCTs held in an account elsewhere
You may have received shares in a nominee account elsewhere when buying VCTs or hold them with another provider.
To apply for a transfer online, you’ll need the name of your provider, an approximate value, and your account reference with them. We’ll contact them and start the transfer
We’ll keep you updated and let you know when everything arrives.
While we don’t charge to transfer to us, your account provider may have charges to transfer away, so it’s worth checking with them first.
No charge to transfer
FREE
We don't charge anything when you transfer your accounts to us. Many VCTs are held as certificates which are free to transfer but if you hold them in an account elsewhere, your current provider may charge exit fees, so it's worth checking with them.
And it’s free to hold VCT shares in an HL Fund and Share Account.
We only charge 1% (minimum £20, maximum £50) when you come to sell shares or participate in buybacks.
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Transfer VCTs shares to the UK's no.1 direct investment platform for private investors
Frequently asked questions
Common questions about transferring VCTs.
Transferring VCTs to HL doesn’t affect your right to tax relief. If you’ve held your shares for less than 5 years, transferring will not trigger a claw-back of tax relief
Some VCTs offer existing investors discounts on the initial charge of new issues of VCT shares. If we are participating in the VCT offer, we’ll make sure you’ll qualify for the existing investor discount.
If we aren’t participating in the VCT offer and you wish to apply elsewhere, we can provide proof of your holding if you need it, just contact our helpdesk.
Some VCT providers provide an ongoing rebate or discount through cash or extra shares for a period of time, typically around 5 years. If you transfer shares to us, this rebate will stop.
You’ll need to transfer the shares to HL before you can request a sale or participate in a buyback. Once the shares are in your account, you’ll need to contact our dealers on 0117 980 9800 or send a postal instruction.
Because VCTs can be difficult to sell on the stock exchange, VCTs often provide buybacks where they’ll often buy back shares with a discount to the net asset value of the shares.
You can leave an instruction with our dealers to participate in buybacks. You can choose to sell at whatever price is given at the next buyback, provide a limit where we’ll only sell if the price is above the price you choose, or request a phone call at the next buyback to be given your options. We’ll hold onto your instruction for a minimum of a year plus the next buyback opportunity.
You should make sure you’re aware of whether you need to continue holding shares in order to keep the income tax relief (minimum 5 years) for VCTs before placing a sale as we’re unable to monitor this for you.
We charge 1% (minimum £20, maximum £50) for selling VCTs or participating in a buyback.