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    • Home • Advice • Common questions

    I’m now 76 years old, should I look at cashing in my ISAs?

    18 October 2021

    Question by Robert

    I’m now 76 years old, should I look at cashing in my ISAs?

    Answered by Boring Money

    Hi Robert,

    Your age alone is not a reason to cash in your ISAs.

    They are very tax efficient investment wrappers and so you should hold onto them as long as sensible.

    First it is important to understand what you objective is for the money in these ISAs. Is it to pay your everyday bills? To gift to family members? To pay for care in later life?

    Once I have a greater understanding of why you have the ISAs and what your goals are, I can help you decide if you should cash them in.

    Feel free to contact me to discuss.

    Thanks

    Josh

    Answered by

    Boring Money

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    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
    Risk warningAs is always the case with investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change in the future.
    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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