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Time to widen your range of investment choices? #InvestmentInsight

In Brief: Time to widen your range of investment choices? #InvestmentInsight

Thursday, 20 May 2021

Whether you have a Cash ISA or a Stocks & Shares ISA, it could make sense to bring them together. Transferring your ISAs doesn’t affect its tax-efficient status, but you should make sure that you don’t have to pay penalties or give up valuable benefits.

If you want to switch from an existing ISA provider to a new one, you’re perfectly within your rights to do so. Much like a mortgage, you shouldn’t feel as though you’re saddled forever with your first choice of ISA provider. Transferring your ISAs could allow you to widen your range of investment choices, as the range on offer can differ between providers.

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Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.