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lump sum + regular
m567
Posts: 100 Forumite
hello,
me(highrate taxpayer) and my partner(lowrate taxpayer) have topped out our cash ISAs for this year. I don't wish to invest in shares ISA yet.
We have a remaining lump sump £6500 and we save £2000 end of each month. I guess she(because of lower tax rate) should have a:
1. normal savings account for the £6000 w no withdrawal loss (therefore it has to be a variable rate), which is the best currently?
2. a couple of regular savings accounts w variable rate, some which should have instant access (will need to open like 4 of them, right? all regular savings accounts have a maximum around £500)?
3. then move each month an amount from 1 to 2
regards,
me(highrate taxpayer) and my partner(lowrate taxpayer) have topped out our cash ISAs for this year. I don't wish to invest in shares ISA yet.
We have a remaining lump sump £6500 and we save £2000 end of each month. I guess she(because of lower tax rate) should have a:
1. normal savings account for the £6000 w no withdrawal loss (therefore it has to be a variable rate), which is the best currently?
2. a couple of regular savings accounts w variable rate, some which should have instant access (will need to open like 4 of them, right? all regular savings accounts have a maximum around £500)?
3. then move each month an amount from 1 to 2
regards,
0
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