Liverpool Victoria tax free savings plan

cheggers

I have one of these save £15 a month in it, is my money safe?

Should I think about trying to cash it in? Is this climate is it going to make a return on my money, had it going for 4 or 5 years now.

itsnever2lateisit?

Is this an with profits endowment plan?

If so how long does it have to run?

dunstonh

These "tax free" endowments are protected under the FSCS insurance protection scheme. So, provider safety is fine.

The product is rubbish, the returns are likely to be rubbish but thats been known for about 7-8 years now. Problem is you have only had 4-5 years and that means calling it a day now may cost you far more than leaving it where it is and accepting it was a poor decision you made. You need to do a cost analysis of leaving it where it is and project on a very low rate of return vs calling it a day.