Stocks & Shares ISA

i like the thought of being able to get at the money so pensions are out

do ISA's have the best rate of interest?
 
As they are tax free, yes.

I assume you are looking at a straight interest return rather than any risk associated with shares etc?
 
santadar 123 account offer 3% on savings up to 20K, i assume somebody must offer a better dealt if i save over 20K?
 
The ISA seems the most straight forward if you have not used your allowance.


Although I have heard that Greek interest rates are attractive :whistle:


The above is a joke by the way, like Iceland was, Cyprus, Greece and India offer very high interest rates on savings but they are not covered by the FSA so your money is at risk.
 
Taz said:
santadar 123 account offer 3% on savings up to 20K, i assume somebody must offer a better dealt if i save over 20K?
Click to expand...

Not that I have found, let me know if you do. Getting about 1.5% tops at the moment.
 
Try investing in a Stocks and Shares ISA, it has risk's but you dont have to go mad on high risk stocks/funds you should be able to get better than 1.5% pretty easily :)
 
Mine have been like a jojo since 2008. Up a lot, lost a lot, up a lot and so forth.

If you want the money available, it should be cash, the shares are more for long term.
 
Have you looked into funds PVR they don’t go up and down as much and are a lot less volatile

I’m quite new to the fund/ Stocks and shares thing but after a fair bit of reading I came up with some that are worth a punt and most are doing pretty well at present.

I was fed up with getting £15 a year interest on £1000 so I thought it was worth a shot 

It does take a few days to be able to withdraw your money though so this maybe an issue if you need money fast.
 
You mean managed funds?

I tend to put in blocks of cash in various "schemes" to try to see what works, in my case all a bit hit and miss.

Also, if you use an adviser, as I mentioned earlier in this thread, the cost of his "advice" cost way too much to make a £10k investment interesting.

I did buy the "Successful Personal Investing" course to see if I can make more out of it, especially on the business savings as they only get about 0.3% per 100k.
 
Yep managed funds, like the ones below:

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/c/cf-woodford-equity-income-accumulation

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/f/first-state-asia-pacific-leaders-accumulation-inclusive

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/h/hl-multi-manager-income-and-growth-trust-income

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/f/first-state-asia-pacific-leaders-accumulation-inclusive

I tend to have a list of 20 or so funds in a virtual portfolio and keep and eye on them and decide what to invest in, also keeping and eye on past years results etc i have manged 12% over the past 12 months in my overall portfolio.

You do need to be willing to do a bit or research on funds and manager etc. prior to making an investment though so you have a rough idea where to invest your cash.

I don't invest enough cash to be honest to make shares viable to me due too fee's which is why i stick to funds :)
 
I spoke to Britannia who said they don't deal with Ignis Asset Management anymore so called Ignis directly, it was easier than I thought and will pay the fund cash value straight into my bank. I expected a bit of faffing but was straightforward. I had been buying stocks and shares for 23 years drip feeding by monthly debit, so the return has been reasonable. I don't think it would be the way to go short term though.

Tim.
 
Save a load then need a care home and have them take it from you doesn't provide much incentive to be prudent does it?
 
Taz said:
i like the thought of being able to get at the money so pensions are out

do ISA's have the best rate of interest?
Click to expand...

New pension rules coming into force in April mean you can withdraw as much as you like from your pension, any time. Anything you take out would get taxed as earned income, but you also get tax relief on any money you put in (which in theory balances it all out).

Where to put your money depends on how much risk you want to take.

Cash in a bank = low risk, but low return (crucially you shouldn't lose any money)
Investments = higher risk, higher return (you might lose sum money, but you might make a lot more than 2-3% offered at many banks)
 
ronk said:
Save a load then need a care home and have them take it from you doesn't provide much incentive to be prudent does it?
Click to expand...

I think the same applies if you loose your job and require benefits
 
Adamski said:
Taz said:
i like the thought of being able to get at the money so pensions are out

do ISA's have the best rate of interest?
Click to expand...

New pension rules coming into force in April mean you can withdraw as much as you like from your pension, any time.
Click to expand...

That is form a certain age though?
 
Well I received a shed load of mail today from the asset company. Basically they sold the shares I bought for each tax year seperately and then posted to me an ISA Repurchase Contract Note for each years worth of shares sold lol, so it was alot of Contract notes. I'm a little stunned to be honest when I got home from work as the shares sold for a over a third more than what they were estimated to be worth :) so happy days and really pleased. I'm starting to think maybe I should have left them in for another 10 years but I guess the value could have dropped. I'm a little perplexed as to why they sold for so much more than what I was told by the Asset Company.

Tim.
 
You must log in or register to reply here.
Back
Top Bottom