To get the most out of your investment, we encourage you to invest for five years or more. However, if your circumstances change, your investment needs may change too.
With M&G, you have the flexibility to switch between our funds and products so that you can keep your investments in line with your financial needs.
Although switching can often be far cheaper than starting a new investment, it's still a good idea to confirm any charges and which day's price you'll receive. Call our Customer Relations team on 0800 390 390 for more information.
Before you invest, you should read the most up-to-date Key Investor Information Document for your chosen share class in each fund in which you wish to invest. You should also read the Important Information for Investors document. You'll need Adobe Acrobat to view both these documents.
Switching between M&G funds
If your investment needs change or you decide that you’d like to invest in a different fund, you can switch between M&G funds at any time while keeping your investment within the same product.
Switching between funds may incur a charge. Contact a financial adviser or call our Customer Relations team on 0800 390 390 if you require any further information (including minimum switching limits) and to obtain a switching pack free of charge.
Unless you specify otherwise, you'll automatically be allocated the same share class that you currently hold in the new fund. However, if you want to change the share class, you must let us know.
Note that switching between funds within an OEIC is a chargeable event for capital gains tax purposes. If you are unsure of your tax position, contact a financial adviser.
Switching between M&G products
As an M&G customer, you’re already making the most of the potential advantages of investing in the stockmarket. However, if your current investments are doing well, you may well have to pay tax on any gains you make.
If you move your investments into an M&G ISA, they will be protected from both income and capital gains tax. You may wish to open a Junior ISA for a child. It's easy to sell your existing M&G OEIC and reinvest the proceeds into The M&G ISA.
Important information if switching into an M&G ISA
Under HM Revenue & Customs regulations, we cannot transfer your existing investment straight into an M&G ISA as stock. Instead, we need to sell your shares and reinvest the sale proceeds into your choice of ISA fund(s).
You should note that your investment will be out of the market between the sale of your existing fund(s) and the purchase of your new fund(s) on the following business day.
HM Revenue & Customs will treat this as a new ISA investment, so it counts as part of your ISA allowance for the relevant tax year.
The sale of your existing investment will count as a disposal for Capital Gains Tax (CGT) purposes. When the sale proceeds are reinvested in full, any CGT liability will have to be met from other resources.
We don’t give financial advice, so you should speak to a financial adviser if you need help deciding if an investment is right for you.
You must be registered for ‘My Account’ if you wish to switch between products or funds online. We recommend that you confirm any charges applicable to your switch by calling our Customer Relations team on 0800 390 390.
To switch products online, you’ll need your:
- National Insurance Number (if investing in an M&G ISA for the first time)
- bank account and sort code (to pay any income from your investment to you)
- Direct Debit details (we’ll ask you to change any existing arrangements)
On-screen instructions are provided to guide you through the switch. You can also click on ‘how this amount is calculated’ to view examples of switching discounts and charges.
If we receive your instructions before 12 noon (the M&G valuation point) on a business day, you’ll receive that day’s price. If we receive your instructions after 12 noon, you’ll receive the next business day’s price.
Register for ‘My Account’
Call our Customer Relations team on 0800 390 390 or download the switching forms and relevant literature you require. Complete, sign and return the form to us at the freepost address provided.