If your tax-free savings account is not meeting your expectations, you are now free to move your savings to another provider, but beware: there are some rules to navigate. These relate to the choice of product, the investment minimums and some (fortunately limited) penalties. It has been three years since tax-free investments were introduced, providing first-time investors with the ideal product to start saving in an easy and tax-efficient way, says Steven Schultz, the head of Momentum Investment Marketing. From this month, you will enjoy the additional flexibility of being able to switch from one tax-free savings account provider to another, making these accounts more appealing, he says. The benefit is that you will be able to assess your tax-free investments and, if they are not suitable for your needs, or not competitively priced, you can switch, says Denver Keswell, senior legal adviser at Nedgroup Investments. A product provider may refuse to accept your savings transfer based ...

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