Converting old ISA's

sequoia_2

I have S & S ISA's for 1998, 2006, 2007 and one "transferred ISA" with an investment company. I already have Cash ISA's but am looking to transfer the S & S's ISA's as I am not too happy with my return over the years. Any ideas on this?

Vortigern

sequoia wrote: »

I have S & S ISA's for 1998, 2006, 2007 and one "transferred ISA" with an investment company

Where are these ISAs held? What investments do you hold in them?
You need to give more info before anyone can make a meaningful comment.

cloud_dog

sequoia wrote: »

I have S & S ISA's for 1998, 2006, 2007 and one "transferred ISA" with an investment company. I already have Cash ISA's but am looking to transfer the S & S's ISA's as I am not too happy with my return over the years. Any ideas on this?

What do you mean by transfer?

A S&S ISA is merely a wrapper (an account type) which you can then choose what actual investments you invest your money into.

It is the investments that do or do not generate much of a return.

A reason to 'transfer' a S&S ISA would be if the existing platform / provider has larger costs (dealing / AMC) associated with it than another. There are lots of discussions on this board at the moment because of something referred to as RDR, and platform / provider costs are changing; for some people better for most it appears worse (my view).

So, by all means you can 'transfer' your existing S&S ISA accounts in to a single S&S ISA provider/platform should you wish. But, as I said S&S ISA returns are generated by the underlying investments you invested in to. It might be that these have performed badly over the last few years but who's to say they won't perform well over the next few years.

What are your investments?

bigadaj

sequoia wrote: »

I have S & S ISA's for 1998, 2006, 2007 and one "transferred ISA" with an investment company. I already have Cash ISA's but am looking to transfer the S & S's ISA's as I am not too happy with my return over the years. Any ideas on this?

Special saver maintains threads on savings and also investment accounts which get updated periodically so you could look for that on this board.

Snowman has completed an open access spreadsheet that details costs held with different brokers, also comparefundsupermarket.com has a tool that shows costs and impacts on returns for different funds.

Who are you currently invested with and in which funds?