Educate me on an ISA

  • Thread starter Thread starter Deleted member 294929
  • Start date Start date
gas112 said:
Which could still be worth more than sticking dribs and drabs into an isa over 12 months
Click to expand...
Depends on your tax situation though as well as if you have other savings elsewhere. An account where you could put in and take out as much as you liked would be better, especially if you put decent chunks in early on.
 
Murdochcat said:
@Bod ...

So do you have savings elsewhere in your or joint names

Are you a basic rate or higher rate tax payer?
Click to expand...
Yes I have other savings that I m toying with pumping straight into my pension. Unless a business opportunity comes up.

I'd say I'm a basic rate earner.
 
Bod ... said:
Yes I have other savings that I m toying with pumping straight into my pension. Unless a business opportunity comes up.

I'd say I'm a basic rate earner.
Click to expand...

So an ISA would make sense …..

You can get 5.09 % from money box atm
 
Ihavenojob said:
Do you want the money for a rainy day? If not, can you pay off a bit of your mortgage (if you have one)?
Click to expand...
I paid my mortgage off last month.
Because its my tax money its strickly not mine until the tax man says its mine. But that doesnt stop me playing with it.

If a stocks a shares was a good gamble I may go for it but not sure if its me who has to pick the shares or get done for me by experts
 
Bod ... said:
I paid my mortgage off last month.
Because its my tax money its strickly not mine until the tax man says its mine. But that doesnt stop me playing with it.

If a stocks a shares was a good gamble I may go for it but not sure if its me who has to pick the shares or get done for me by experts
Click to expand...

If it’s your tax savings I would not put it on stocks and shares
 
Murdochcat said:
If it’s your tax savings I would not put it on stocks and shares
Click to expand...
I know thats being sensible but If its a lloyds isa thats they managed it for me (If thats how it works) then surely investors would win more than they loose.
 
Bod ... said:
I know thats being sensible but If its a lloyds isa thats they managed it for me (If thats how it works) then surely investors would win more than they loose.
Click to expand...
Not always, but over a ten year horizon, probably

But you are on a 12 month horizon

Your pension should aim for long-term growth

Your ready cash should aim for avoiding losses
 
Bod ... said:
I know thats being sensible but If its a lloyds isa thats they managed it for me (If thats how it works) then surely investors would win more than they loose.
Click to expand...

So invest in the Lloyds stocks and shares ISA, then the value drops, which they can. Lloyds will say it’s your risk.

Investments in shares are not a good idea for the short term
 
Bookies? Puggy? Joking aside, I have a Santander 123 account, pays a small amount of interest and cashback on certain direct debits, costs £4 a month, but I've been getting about £20 to £30 a month with less than £20k in it.
 
Last edited:
Bod ... said:
I know thats being sensible but If its a lloyds isa thats they managed it for me (If thats how it works) then surely investors would win more than they loose.
Click to expand...
Yeah, you can’t lose with a name like Lloyds looking after your money, can you? :rolleyes:


Cooper sells Lonsdale Belts to finance Lloyd's losses

HENRY COOPER, the former heavyweight boxing champion, sold his three Lonsdale Belts at auction yesterday for pounds 42,000.
www.independent.co.uk www.independent.co.uk
 
Whos heard about CASS?

it's an instant savings account for business. I'm not clear how it works but it'll all be within the business rather than moving the money to a personal ISA
20240119_062633.jpg
 
You must log in or register to reply here.
Back
Top