Cash ISA transfer

AndyRichards

Hi all,

What things are good to include in a Cash ISA to S&S ISA report?

I'm assuming it's important to make them aware that they will be going from a very low risk envirnment to a product that could lose their capital.

As Cash ISA charges are implicit as well how do you assess cost comparisons?

Thanks,

Andy

benjaminfabi

Hi Andy

I'd use exactly the same benefits you'd use for a new cash investment into a S&S ISA, plus:
Recommended plan will keep the ISA tax status
Potential for wider use of tax benefits as CGT won't be charged on investment gains

I'd use exactly the same risk warnings that you'd use for a new cash investment into a S&S ISA.

There is no cost comparison, just a cost disclosure. Although it costs a bank money to operate an ISA, this isn't an explicit cost.

Gustavo_Fring

You'd need to cover off/check that there are no loss of interest penalties (in case the ISA is in a fixed term arrangement)