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Help please - Extending endowment.
josey1964
Posts: 736 Forumite
Hi, I have 3 endowments which are all due to mature next year.
I have made a claim and won against mis-selling and so no problems there.
I have sold the property that I took the endowments out on, so dont need the money just yet. Is it possible to extend the endowments for a few more years (3 - 5) and see if the stock market picks up. And if so is this worth doing. The total value of the endowments is only ablout £25k.
Many thanks.
I have made a claim and won against mis-selling and so no problems there.
I have sold the property that I took the endowments out on, so dont need the money just yet. Is it possible to extend the endowments for a few more years (3 - 5) and see if the stock market picks up. And if so is this worth doing. The total value of the endowments is only ablout £25k.
Many thanks.
Josey
0
Comments
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No........Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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You cannot extend the term. However, on maturity you can roll the investment into unit trusts (unwrapped or within an ISA) and continue to be invested until you are ready.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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