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Rules on transferring ISA's

MouldyOldDough · 2023-06-30 14:28:51

What are the rules on transferring an Stocks and Shares ISA to a cash ISA with a different provider ? We have a fairly large sum in an OEIC that is not exactly doing brilliantly at the moment and are considering our options We have had the investment for 10 years and despite high interest rates, with charges, we are only…

Comments

poppy10_2 Posts: 6,588 Forumite

17 July 2023 at 11:02AM

MouldyOldDough said:

Here's the latest :

"That would be the wrong time to do so, interest rates are going to fall and investment valuations are going to improve, so cashing out at the bottom and buying cash at the top is counterintuitive and will not provide longer term growth."

Is that from your adviser? If so sack him immediately. He has no idea which way interest rates are going to go

poppy10
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