Investors looking to use up their £20,000 Isa allowance for 2023-24 need to do so before 6 April, when the allowance resets for the new tax year.
If you're not happy with your current investment platform, or you're on the hunt for another provider to open a new Isa, you could benefit from a range of offers currently available.
Here, Which? compares the offers on the market to see whether they’re worth the switch.
How do the offers compare?
Not every platform we reviewed has an offer, so there are fewer platforms in the table - we also didn't include any bonuses for referring a friend or paying exit fees.
or opening an Isa forYou can benefit from some switching or sign-up bonuses even if you don't have £10,000, but there’s a catch. Most of the offers that apply on amounts less than £10,000 are prize draws, meaning that, more often than not, you’ll not actually get anything for signing up.
Find out more:How much do you need to access the best deals?
Several platforms have a tiered rewards system, meaning only the biggest investment portfolios benefit from the top offers.
If you see an offer that says the reward is ‘up to’ a certain amount, you’ll generally need at least £100,000 transferred in order to access the top advertised amount, but it can be even more.
Find out more:Is it worth switching just to get the offer?
If you're opening a new stocks and shares Isa, a switching offer could help sweeten the deal. Just make sure you research the platform to investigate the fees and services, or you could be left out of pocket in the long term.If you're transferring an Isa, it may be less clear-cut. 17 brands transferringFind out more:What are the best stocks and shares Isas?
of 17 investment platforms, ether you’re looking for access to every investment you can get your hands on, or are in need of a little more guidance – our reviews can help you find the right platform to achieve them.Join Which? -source https://www.which.co.uk/news/article/stocks-and-shares-isa-switching-offers-are-they-any-good-aocwt2d4P1br