Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Money: Swap bad for better

CASHPOINTS

Saturday 12 June 1999 23:02 BST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

PEP transfers are big business, and the latest to join the market is Witan investment trust's scheme. Witan is part of Henderson Investors and it invests in 200 blue-chip shares in 32 countries. Performance has been good, and the transfer has low charges: you can move your lacklustre PEPs and keep all the tax benefits for just 0.5 per cent - the Government's stamp duty. Normal fees have been waived for PEP transfer. After the first year you will be charged pounds 30 a year plus VAT as a management fee, so the scheme is best value for those with fairly large sums to transfer. For details call 0800 212256 or www.witan.co.uk.

Hargreaves Lansdown has earned a CATmark for its active tracking fund ISA. This means the firm commits to keeping charges at 1 per cent a year, with no initial charge. The active tracking fund gives you the chance to put money into a fund that uses active managers who use their judgement to screen out poor performers in the FT-SE 100 index, rather than buying all the shares (as a normal tracker does). For more details call 0117- 988 9880.

Leeds & Holbeck building society has a new five-year discount mortgage, giving the guarantee that you will never pay more than 1 per cent more than the Bank of England interest rate. Borrowers can make lump sum repayments at any time, there is no application fee and no early repayment penalty. Maximum loan is 90 per cent of the value of the property. Call 0800 072 5726.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in