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RBS Stocks and Shares ISA

Will5
Will5 Posts: 3 Newbie
in ISAs & tax-free savings
Morning,

This is my first post here so sorry if this may seem a stupid question.

I have a Stocks and Shares Isa with RBS and I wanted to know whether the sale of RBS shares over night (at a loss to the tax payer) will have effected the funds in my account?

Thanks
Will

Comments

  • le_loup
    le_loup Posts: 4,047 Forumite
    No.
    ................................
  • Will5
    Will5 Posts: 3 Newbie
    And the sale shouldn't effect the performance of the account?
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    What have you invested in? Which funds/bonds/shares?
  • Will5
    Will5 Posts: 3 Newbie
    The account is managed by the bank and is balanced so has investments in all sectors.
  • jimjames
    jimjames Posts: 19,264 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Will5 wrote: »
    And the sale shouldn't effect the performance of the account?

    If you own RBS shares then any funds will rise or fall with the share price but that's likely to be a very small part of the fund.


    I'd strongly suggest that you do some more research to find out what you are invested in and whether you can get a better value elsewhere.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Will5 wrote: »
    The account is managed by the bank and is balanced so has investments in all sectors.


    wow, this sounds like an ideal opportunity to have the wool pulled over your eyes, by a company who has a track record in being reckless with customers' money.
  • bigfreddiel
    bigfreddiel Posts: 4,263 Forumite
    Will5 wrote: »
    The account is managed by the bank and is balanced so has investments in all sectors.

    What are their fees? Cheers fj
This discussion has been closed.
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