Mini ISA £4000 stock + shares LloydsTSB

zapster

Hi All,

I have already invested £3000 into this years cash isa and have plans to invest another £3000 into next finical year.

I have now been advised (by lloydsTSB) to invest money into the other half of the mini isa, ie stocks + shares. To do this investment I would pay a fee but at the moment lloydsTSB have a halfprice offer on the standard fee to invest before the end of april i think it is 2.5%.

Now I would like to invest a lump sum, is that advised?

Also is lloydsTSB the best to invest into? Are there any others out there that potential get a better return on your investiment and you can easily monitor.

Once invested can you move these tax free investments to other companies like a cash isa and are there any charges for doing this?

hope you can help me

Zapster

ReportInvestor

You can't change a mini-shares ISA into a cash ISA.

The benefits of a mini-shares ISA are generally greater if you are a higher rate taxpayer.

I assume that LLoyds are halving their initial charges on some of their managed unit trusts?

You could choose better funds with a bit of :dyor: and then cut costs even further by going through a discount broker.

Only invest in share-ISAs if equities are the right investment for your circumstances. Don't do it just for the tax relief.