Next step for my ISA ?

EdInvestor

As DH said

It was originally an insurance ISA but now falls under stocks and shares. It can be transferred to a stocks and shares ISA at no cost (through the right people).

It can't be transferred into a cash ISA.

I would move it over to Hargreaves Lansdown and invest the money in a couple of decent funds.

https://www.h-l.co.uk

dunstonh

Pearl call the annual bonus rate "daily bonus rate". Its because the plan is effectively a unitised with profits plan behind the scenes and they can adjust that unit price daily. You dont see the unit price but that is the mechanism of it. What she said or what she meant was the daily bonus rate is 1.49% p.a.

I also have a Portman 15 day notice ISA with the full £3000 in it -taken out last July .

If I hold onto this Pearl one until beginning of April ,Could I transfer it into there ?

No. It has to go to a stocks and shares ISA.

soulandy

I have a PearlMini ISA Bonus Account for about 7 years putting £40.00 a month in to it and not withdrawing. At the momment it is worth;
Total Payments - £3280
Daily Bonuses - £129.14
Additione Bonus (not guaranteed) - £182.91
TOTAL - £3592.05
I have just got a cash in value of £3497.96 and I'm wondering wether to take it out/transfer it to a Mini Cash ISA or would I best be keeping it where it is? Its really for when I get to the age where I don't have to get up for work in the mornings;) Its not a great deal but will help.
Something tells me I'll be better off getting it out and sticking it in a cash ISA

Cheers

jamesd

soulandy, you might want to transfer it to say Hargreaves Lansdown's stocks and shares ISA and consider whether these investments look interesting to you: BlackRock UK Absolute Alpha, Artemis Strategic Bond, Invesco Perpetual Income and Artemis Global Growth. At the moment I'd be inclined to put most of the money in the first of those but the other three each have their roles and are good in their own ways as part of a mixture of investments.

This chart compares them, red is UK Absolute Alpha, dark blue (more horizontal) Artemis Strategic Bond, yellow Invesco Perpetual Income, green Artemis Global Growth and pale blue/gray is the UK FTSE All-Share index.

It's quite possible that better guidance could be given with more knowledge about your circumstances. If you're interested in that you might consider posting in the Pension or Savings and Investments section.

That particular Pearl product appears to be a very poor one but that's not true of all of the stocks and shares ISA investments out there.