Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • BeverleyC
    • By BeverleyC 6th Mar 18, 3:22 PM
    • 2Posts
    • 0Thanks
    BeverleyC
    Capital Investment Bond or Stocks and Shares ISA?
    • #1
    • 6th Mar 18, 3:22 PM
    Capital Investment Bond or Stocks and Shares ISA? 6th Mar 18 at 3:22 PM
    I currently have savings (roughly the same amount in both) in both a capital investment bond and a stocks and shares ISA. The company that manage my ISA are strongly recommending that I cash in the bond and put the money into the ISA and an ISA feeder account. Is this good advice?
Page 1
    • dunstonh
    • By dunstonh 6th Mar 18, 3:29 PM
    • 92,555 Posts
    • 59,836 Thanks
    dunstonh
    • #2
    • 6th Mar 18, 3:29 PM
    • #2
    • 6th Mar 18, 3:29 PM
    The company that manage my ISA are strongly recommending that I cash in the bond and put the money into the ISA and an ISA feeder account. Is this good advice?
    Recommendations are either positive or negative. Strongly doesnt come into it. Although if its not an IFA but an FA, then they may be more vague as sales reps are usually not allowed to recommend these things but can give you the choice. An IFA will just tell you that it needs doing.

    Bed & ISA from bond to ISA is a commonplace transaction and usually done for tax efficiency purposes. It's the sort of transaction that an IFA does at no added cost under their ongoing servicing arrangement.

    Sometimes though, it is not sensible to do it. So, nobody here can tell you if yours is a scenario where you should do it or your shouldnt do it. However, your IFA can as they are aware of the facts (I am assuming its an IFA - you can correct if its not).
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • BeverleyC
    • By BeverleyC 6th Mar 18, 6:58 PM
    • 2 Posts
    • 0 Thanks
    BeverleyC
    • #3
    • 6th Mar 18, 6:58 PM
    Capital Investment Bond or Stocks and Shares ISA
    • #3
    • 6th Mar 18, 6:58 PM
    Thank you.
    • eskbanker
    • By eskbanker 6th Mar 18, 7:28 PM
    • 7,086 Posts
    • 7,505 Thanks
    eskbanker
    • #4
    • 6th Mar 18, 7:28 PM
    • #4
    • 6th Mar 18, 7:28 PM
    Chances are you'll get better quality feedback on here if you give more details about both the bond and the ISA (and in particular what it's actually invested in).

    Better still, more info about your own circumstances would also help, e.g. income, assets, age, pension, savings objectives and timescales, attitude to risk, etc, etc....
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,083Posts Today

5,801Users online

Martin's Twitter
  • It's the start of mini MSE's half term. In order to be the best daddy possible, Im stopping work and going off line? https://t.co/kwjvtd75YU

  • RT @shellsince1982: @MartinSLewis thanx to your email I have just saved myself £222 by taking a SIM only deal for £7.50 a month and keeping?

  • Today's Friday twitter poll: An important question, building on yesterday's important discussions: Which is the best bit of the pizza...

  • Follow Martin