ISA options 30 October 2005 at 9:28PM edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings 1 reply 704 views

jimbouk_2

My wife and i both have CIS Platinum plus maxi ISAs into which we both pay £40 per month into.
The value of each fund as of our statement recieved today is appx £3150.
Ive been reading that the CIS isas are not performing very well.
Would we be better transfering it to a different isa provider , how would we do this and what would it cost to do this.
What isas provider should i be looking at to transfer into .

Thanks in advance

J

dunstonh

Would we be better transfering it to a different isa provider

Probably, as CIS are not really desirable funds and the options are limited. A fund supermarket makes more sense nowadays.

how would we do this

Pick your fund supermarket/IFA (discount or otherwise) and either fill in the transfer forms or they will (depending on the service/charge option you have chosen)

what would it cost to do this.

If discount IFA, then probably around 1-2% tops. Many non discount IFAs would do a transfer on nil initial commission terms as well. If you feel comfortable doing it yourself, it would still cost around 1-2%

What isas provider should i be looking at to transfer into .

Any of the fund supermarkets that meets the features that you want. There is another thread going on fund supermarkets. As for funds, well, that depends on your risk profile.