ASK PAUL.

As you know, it pays 30% tax and funds are available tax free after 10 years. If you are not confident about the returns, which means a lack of confidence in the manager's investment team, it is probably worth the tax hit. Sure, you get a different manager, but if one of these monster funds fails, it won't be management, it will be a collapse in asset values … and they all own pretty much the same type of assets in the same percentages. It is certainly a tax hit to pull your money out inside this period, so I'd be taking a hard look at the new manager and its investment strategy. [Extracted from the article]