These are our top tips for setting up your new ISA, or thinking of transferring an existing ISA holding.
- The most important way to improve the performance of your ISA is to know how it is performing, so many people are making less than 1% per year as a return of their ISA; and they don’t even know it!
Action Steps
A. Find the latest statement you were sent from your ISA provider.
B. If you can’t find a statement for the last 12 months: call, write, email your ISA provider, and get them to send you the latest statement. (check there are no cost or charge for the statement, if there is go below)
C. If you are not sure about anything on your statement contact us for a free, no obligation ISA review.
D: Establish from the statement the return on your ISA in the last 12 months.
E: If the return is less than 1%, you should definitely start to think about transferring to a new ISA with better performance. This is where we come in, just fill in the enquiry form below.
F: If the return is between 1-3% for the last 12 months, there is merit in looking at your options to transfer to a better performing ISA. Even at 3%, you could still get double the income of performance.
2. From your statement establish what annual management charges are charged on your ISA, or fees you pay to an adviser; as this reduces your return.
3. Once you have established the real return on your ISA, ask yourself are you open to looking at getting a better return on other ISA’s out there? You then need to either: do your own research on the internet, or contact us for a free no obligation ISA review. We can offer you details of the best fixed return ISA’s available, which you can’t find on the highstreet! You may also want to request our free guide to buying your next ISA, click here for a copy.