Disastrous Scottish Widows Isa

tom188

Can she not put the money into a cash mini isa? There is a very low risk with these and you cannot loose the money you put in - you just get interest. Yes it may only outperform inflation but that's got to be better than investing it in the hope of getting lots but not understanding that the value will change as the stock market does?

This is an equity ISA, and in order to transfer to a cash ISA the holdings would have to be sold and taken out the originals years ISA, and a new one started this year. This is presuming she does not already have an ISA for this tax year.

In any case the maximum that can be put in a cash ISA is only 3k.