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Stegor

My wife has around £25k in a S&S ISA which we were looking at transferring to a Vanguard Lifestyle 60 ISA. She is considering retirement in the next 3 to 5 years, would we be better moving the ISA into a 3 year fixed rate savings account if the interest goes above 5% as the investment period could be short? She doesn't pay tax and we have other savings, investments and pensions. Thanks

dunstonh

My wife has around £25k in a S&S ISA which we were looking at transferring to a Vanguard Lifestyle 60 ISA. 

Just to put that right, there is no Vanguard Lifestyle 60 ISA.

Vanguard offer an ISA wrapper on their platform
They also only offer Vanguard funds, one of which is the Vanguard Lifestrategy 60% equity fund.

She is considering retirement in the next 3 to 5 years, would we be better moving the ISA into a 3 year fixed rate savings account if the interest goes above 5% as the investment period could be short? 

May be better to put it into the pension wrapper depending on scenario (pension mostly trumps ISA)
Does she plan to spend it all in one go?

 She doesn't pay tax and we have other savings, investments and pensions.

it is usually better to look at the situation holistically and not a product or tax wrapper in isolation.

MX5huggy

No one can tell you. 

3 to 5 years is too short for investing but it sounds like she wont actually need this money in 3 to 5 years. 

Albermarle

She is considering retirement in the next 3 to 5 years

Does that mean she will immediately need all the money? If not it is how long does she intend to keep the £25K invested/taken as income over a period?

Retirement in itself is not the key date.

ColdPensioner

You have other savings, pensions and investments.

Put it somewhere for easy access when she retires, and book a world cruise!