Get out of share isas?

Timbot_2

:eek: My Halifax s&s isa has dropped markedly. I now know the Halifax is not well regarded and I always knew this type of investment can go down as well as up. The money invested may not be required for at least another 5 years so would this money be off somewhere else? What are my options?

jem16

Transfer to a funds supermarket either DIY or with the help of an IFA to choose your funds.

Timbot_2

Funds supermarket?

jem16

A fund supermarket offers funds from all the leading providers - so around 1100 funds from around 60 providers as opposed to the dozen or so from the Halifax. This means that you or your IFA can choose from a large amount of funds to suit your risk profile.

Such places are Hargreaves & Lansdown for DIY and Fidelity or Cofunds if through an IFA.

Timbot_2

Thanks. Thanks for the links too.

dunstonh

The S&S ISA is just a container for investments. These do not have to include stocks and shares (I know the name doesnt help. It would have been better called "investment ISA").

It is possible to get investments within the ISA to match most people's risk profile. However, that isnt possible with Halifax and most other tied providers.

avantra

dunstonh wrote: »

The S&S ISA is just a container for investments. These do not have to include stocks and shares (I know the name doesnt help. It would have been better called "investment ISA").

It is possible to get investments within the ISA to match most people's risk profile. However, that isnt possible with Halifax and most other tied providers.

Q:So what is the closest element (no names needed) to put in the container that offer the lowest risk? and just protect it from the tax man and at list cope with inflation (up or down).

dunstonh

avantra wrote: »

Q:So what is the closest element (no names needed) to put in the container that offer the lowest risk? and just protect it from the tax man and at list cope with inflation (up or down).

Gilts and fixed interest funds.

There are also some options which have capital security as well or degrees of capital security. A common one at the moment is capital security as long as the FTSE doesnt drop by more than 50% on its current level. As its already down 20% another 50% from now is highly unlikely. Some may feel that is enough security. Others will want cast iron 100% security. Some may just want capital security on death (quite a common request for those in retirement who dont want to stop investing but do want some form of protection in there in case they die at a bad time!)

spal123

Hi
Any idea where one can find a list of capital protected funds that can be ISA'd?
I like the idea of the 50% one above but a list of what level of protection they each offer, what limitations they place on the upside of market gains and their charges would be very helpful.
Cheers

Just_landed

I have been reading threads on Stocks & Share Isas and what I read appears to say you can move from say my Provider TOY TOWN BANK to another provider without loosing their TAX rapper, Am I right or have I got the wrong end of the stick ?

turbobob

Just_landed wrote: »

I have been reading threads on Stocks & Share Isas and what I read appears to say you can move from say my Provider TOY TOWN BANK to another provider without loosing their TAX rapper, Am I right or have I got the wrong end of the stick ?

Yes you can do that. It is called an ISA transfer. To do this you have to complete an ISA transfer form with the company you want to transfer to. DO NOT cash in the ISA with your current provider if you want to retain the tax free status.