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Transferring 'old' shares PEP into ISA?

abouttimetoo
Posts: 1,860 Forumite

Hi
I have held shares in a PEP for many years now as well as share ISA's (opened when they closed the PEP scheme). The shares in the PEP are just sitting there and as they aren't able to reinvest the dividend in shares I just take out the cash every so often.
I'm trying to have a bit of a financial tidy up and was wondering whether there would be any benefit in tranferring the PEP shares into my ISA other than presumably the dividend being re-invested in shares ?
Any thoughts gratefully appreciated
Regards
I have held shares in a PEP for many years now as well as share ISA's (opened when they closed the PEP scheme). The shares in the PEP are just sitting there and as they aren't able to reinvest the dividend in shares I just take out the cash every so often.
I'm trying to have a bit of a financial tidy up and was wondering whether there would be any benefit in tranferring the PEP shares into my ISA other than presumably the dividend being re-invested in shares ?
Any thoughts gratefully appreciated
Regards
MFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,995
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,995
0
Comments
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PEPs dont exist any more. They are now classified as ISAs. So, there is no reason to transfer it unless you want to change the investments you hold inside of the ISA (nee PEP).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Thanks Dunstonh
I suppose I still call it a PEPs as all correspondence that relates to it still comes through with the PEP tag on it. I think I'll just leave things as they are then
Thanks againMFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,9950
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