You can change your portfolio at any time, whether you're on web or the app.
Changing your portfolio
- Open the account in which you'd like to switch Portfolio (GIA/ISA/SIPP)
- Select Change your portfolio
- Review the available portfolios, including their risk and reward profile, ongoing fund charges and portfolio management charge
- Choose a new portfolio and confirm
Each portfolio's factsheet shows its risk level, split by asset class, and split by region, so you can compare before you switch.
When you switch, we sell your existing holdings and use the proceeds to buy into the allocation for your new portfolio. This sale and repurchase can take up to 4 working days, during which some or all of your money may be out of the market. This will depend on how much the investments in your new portfolio differ from your existing one.
You'll be notified as soon as the switch is complete.
Good to know
If you hold your investment in a General Investment Account, selling to switch portfolios could trigger a capital gains tax event, depending on the profit realised. This doesn't apply to your ISA or pension.
For help understanding Capital Gains Tax and whether you might need to pay it, see the GOV.UK website.
Still need help?
Contact us at support@octopusmoney.com or call 020 3195 4455, Monday to Friday, 9am–5pm.