RBS PEP being converted into a Stocks and Shares ISA

misterj

My RBS PEP is changing into a stocks and shares ISA on April 6th. What is probably my best option here.

Cash the ISA and change to a Cash ISA only

or

Keep the stocks and shares ISA.

There is no option to have the PEP changed to a Cash ISA.

purch

What is probably my best option here.

Depends on how your PEP is currently invested and your thoughts on that Investment and your thoughts on the options available to you in the 'new' ISA

Meltdown_2

misterj wrote: »

My RBS PEP is changing into a stocks and shares ISA on April 6th. What is probably my best option here.

Is the change simply one of nomenclature to comply with the legislation?
There might be many reasons to transfer your money elsewhere, but a simple name change for the tax-free "wrapper" probably isn't one of them.

misterj

Yes. It is just a name change as the funds invested in are the same they say. Thing is it is not really making much so I may just cash it and move the maoney into my Cash ISA.

dunstonh

Thing is it is not really making much so I may just cash it and move the maoney into my Cash ISA.

What about the times it has made more? Remember investments zig zag and cash is a straight line but you invest with the view of making more in the long run understanding that in the short term you will get periods of decline or no movement. 2007 didnt zig, it zagged. That doesnt make it a bad investment. The 5 years prior to 2007 were all zigs

Cozworth806

You could transfer it to a different provider, although as I hold RBS shares maybe you shouldn't
Seriously if it a unit trust then it is likely that due to the recent market turmoil that it has underperformed so I would be careful withdrawing to cash at the bottom of the market (despite recent rallies)