Can I transfer VDGR to a UK brokerage?

[eddy87]

Hi

I am a complete newb when it comes to investing and I fear I could be about to stitch myself up if the market drops in 2021 and I am forced to sell.

Over the past year I have built up $50k of Vanguard Growth ETF “VDGR” which is held in my Aussie brokerage. I was hoping to add to this every month and hold long term until early retirement in a decade or so however now Covid-19 has thrown a spanner in the works and I now may be having to return home to the UK for good.

I have a couple of questions and was hoping that somebody here who understands the regulations could clarify things for me.

- Can I transfer “VDGR” to a UK brokerage or can it only be held in Australia?

- Can I keep my Australian brokerage account open as a non resident and just leave the fund sitting there until any possible corrections have recovered ?


I hope that somebody can give me advice.

thanks, Eddy

 

[peter2]

I think it's unlikely that you'll be able to transfer an ASX CHESS holding to a UK broker. You may be able to keep your Aust account open.

Speak to your Aust broker and ask about the rules re holding ASX stocks as a permanent non-resident. There may be some taxation implications as a non resident re div's.