USE OF PENSION LUMP SUM TO INVEST IN ISAs

taxigaz

Why take it out of the pension in the first place if the only thing you are going to do with it is invest it? It was already invested!

boingy

taxigaz said:

Why take it out of the pension in the first place if the only thing you are going to do with it is invest it? It was already invested!

In my case it's because the lump sum was tax free and ISA fees are lower than pension fees. And because you never know when a government might fiddle with the pension rules (again). 

dunstonh

In my case it's because the lump sum was tax free and ISA fees are lower than pension fees. 

Most platforms do not charge any differently across their wrappers.   So, if that is an issue with you, then it's likely that a better provider should be selected, and you should not make decisions on the limitation of your chosen provider unless there is absolutely no other viable choice.

boingy

dunstonh said:

In my case it's because the lump sum was tax free and ISA fees are lower than pension fees. 

Most platforms do not charge any differently across their wrappers.   So, if that is an issue with you, then it's likely that a better provider should be selected, and you should not make decisions on the limitation of your chosen provider unless there is absolutely no other viable choice.

Not for the first time, you've made a completely wrong assumption. The ISA is with a different provider, one with zero fees unless you trade.