Few people realise that they can switch between ISA providers without losing any of the tax benefits. It is dead easy. One short form and your new provider will collect the proceeds from your old provider either as cash or by transferring funds.
All of the recent headlines were about the increase in the annual limit for investing in an ISA to £15,000. But of even greater importance is that transfer is now much easier. If you have an ISA bought more than a year or so ago the chances are that you are paying far too much in investment management fees which will seriously effect returns, particularly when measured over the medium term.
Typical investment management fees on old plans are as much as 1.75% per annum ( more than most people are earning on bank deposits) . Today if you switch to a modern ISA (without cost) those fees would could reduce to 0.75% or may be even less.
Don’t let someone else get fat on your money. This really is a no-brainer. One short form and your new provider will collect the proceeds either as cash or by a transfer of the existing funds into the new low cost version.
What do you have to lose? Absolutely nothing.
What do you have to gain? Better results, more flexibility, a simpler life, all your ISA accounts in one place, instant online valuations. It really is a no-brainer.
What do you need to do next? Two options for you: Click the box on the right to qualify for a free telephone discussion when I can guide you through the process or alternatively, if you prefer, go to www.hl.co.uk down load their ISA Guide and see how you get on doing it yourself.
Either way please do something. Remember the harder your money is working the less hard you will need to work for your money.
Finally a big favour please – put your name and email address in the box below so that I have your permission to send you more useful information. And if you have found this really useful use the icons top right to share with your friends.
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