if my savings are past the FSCS limit
if my savings are past the FSCS limit
Author
Discussion

FriedMarsBar

Original Poster:

581 posts

61 months

Saturday 1st April 2023
quotequote all
I have a question regarding a SS ISA, which is now larger than the FSCS limit.

I want to transfer enough (cash or units) to bring me under the compensation limit.

Is the fund covered or the provider?

Thanks

FMB

PistonHead007

433 posts

60 months

Saturday 1st April 2023
quotequote all
Don't worry about the limit with S&S. The FSCS is only for covering the cost of winding up the platform provider if they go bust and unless you're with a small shady company then it won't be over £85,000 per person. The holdings themselves are nothing to do with the FSCS limit.