Switching between M&G products and funds

Switching between our products and funds is easy and can be far cheaper than starting a new investment.

The value of the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested. 

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.

Take a look at our share classes page for further information on charges.

The views expressed on this page should not be taken as a recommendation, advice or forecast. The value and income from the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested.

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.

ISA tax rules may change in the future and their tax advantages depend on your individual circumstances.

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.

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 – if your income preferences have changed, perhaps – you must let us know.

Note that switching between funds within an OEIC is a chargeable event for Capital Gains Tax (CGT) 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 (Individual Savings Account), they will be protected from both income and capital gains tax. It's easy to sell your existing M&G OEIC and reinvest the proceeds into The M&G ISA.

Switching by telephone or post

Before investing, please make sure you have read the Prospectus, Key Investor Information Documents (KIID) and Costs and charges illustration for the fund(s) in which you wish to invest. Here you will find more information about your investment, including details about the fund’s different share classes.

You should also read the Important Information for Investors document, which includes M&G’s Terms and Conditions.

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 following address:

M&G Customer Relations
PO Box 9039
CM99 2XG


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