Cashing in or selling a PEP

badgerpoo

I have a PEP purchased in 1990 from Bradford & Bingley. It is a UK Growth Series 2 PEP currently worth around £7k. I also have some cash ISAs. It doesnt seem to be performing all that well, what is the best way of liquidising it, if that is the best plan. Am I better off using the money from the ISAs?

dunstonh

The PEP is just a tax wrapper. It doesnt make or lose money. What you invest inside of the PEP does that. You have around 2000 unit trust funds available and you are in just one. Single fund investing is old fashioned and will result in lower returns over the long run.

There is nothing wrong with the PEP. Just the fund you are invested in. You are best getting that switched to a better fund spread rather than encash it.

JoeK_3

badgerpoo wrote: »

I have a PEP purchased in 1990 from Bradford & Bingley. It is a UK Growth Series 2 PEP currently worth around £7k. I also have some cash ISAs. It doesnt seem to be performing all that well, what is the best way of liquidising it, if that is the best plan. Am I better off using the money from the ISAs?

Investments such as PEP's, ISA's etc. should be looked after by a professional such as an Independent Financial Adviser (IFA) and reviewed on an annual basis.

Would you ever think of putting £7,000 away somewhere and never checking what it's doing?

See an IFA as soon as possible and get advice.

JoeK