Hi
Last November I asked this group for some investment advice. One of the tips recommended investing in a corporate bond ISA on which I did so with Standard Life. I invested £3000 in November 2002 (minus £87.38 charges) that bought me 3,579.476 shares at a price of 81.37 pence each. Since any growth is reinvested I currently have 3,593.311 at a price of 86.66 pence each which is equivalent to a 6.9% return not taking into account the charge, or 3.8% with the charge.
Firstly, when initially investing was I able to invest the full £3000 into the ISA and pay the charges on top of that, so did I miss out on £87.38 of my ISA allowance? And, is it possible to sell the shares in the corporate bond ISA but still keep the money wrapped up in 2002's ISA allowance in another form, say a FTSE tracker? I ask this as I think the value of the corporate bond may fall.
Thanks for any help, Nick Rowlands.