Peps

[jw47]

I have quite a lot of money invested in PEPs (my late husband and myself invested many years ago) I don,t really need the money at the moment but at 71 years old and now widowed I am wondering if it is worth investing somewhere else. Any advice would be appreciated

[Buenchico]

Possibly relevant:
https://www.thisismoney.co.uk/money/saving/article-1597157/Peps-the-forgotten-75bn.html

[Peter Pedant]

probably not
if you take it out of a pep you will lose your tax wrapper
most of them have ISA status anyway ( tax free)
I am not sure if you can transfer to an ISA and how much per year

and finally - since clearly your husband did the investing
go you want to free up the money and do the investing yourself ?

[ ( big problem for me - my Dad was an excellent stock picker, I am not good, and one sib so bad she has lost all her fathers money)
her share of of her fathers money - which was a lot - he was good and she wasnt]

[Hopkirk]

I would start spending some of it! Do you like foreign holidays?

[AZardoz]

Good advice, Hopkirk. You can't take it with you.
May as well enjoy it while you can.

I've seen this with some elderly - loads of money invested but eating Hamburger Helper.

[Alonelywriter]

thanks for sharing