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Legal & General ISA

asked by Brian posted 1 Years ago at 8:52
Legal & General are offering an Isa with 50% back on their 2012 management charge. Is this something worth doing?
1-1 of 1 Answers
Gordon Hewitt answered 1 Years ago at 17:29
Brian depends what the return is, if the annual mangement chsrge is 1.5% then you get 0.75% but if the return is 2% then you might be better off with an ISA offering 3.5%. If its an equity ISA then the underlying investment fund will determine what the return is and then you have to consider your appetite for risk v return. Also what are the initial charges - most now can be avoided but some can be upto 5%
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