£4000 maxi plus £3000 cash same tax year ??

Kerry_o'keefe

Was intending putting some money 4-5K into eg Invesco Perpetual High Income. Could I (in same tax year) put 4K into perpetual and 3K into suitable cas ISA. Wife currently non tax payer with 30K in savings accout, shortly to return to work so would like to move as much cash into tax free areas. Thanks again, Kerry

dunstonh

You can put the 4k in to a mini stocks and shares ISA but not a maxi. It makes no difference at all though.

If I could make a suggestion, with 4k, pick 4 funds. IP High Income has been doing well but even if you end up picking 4 similar funds, such as Schroder Income, Credit Suisse Income, Newton Income and IP High Income, at least you spread it round a bit. Of course they are not 4 recommendations, just 4 examples of funds in the UK Equity Income Sector.

carnet

If you do decide to go with any of the UK Equity Income funds mentioned (although, IMHO, there are other funds in the sector with much better prospects going forward) the best days of the Credit Suisse Income fund are well in the past.

Not since the days when it was run by the highly respected Dr Bill Mott (who reliquished the post about 3 years ago) has this fund been worth consideration.

Performance has been mediocre, to say the least, under his successor, Leigh Harrison (who also managed the other two CS UK Income funds to equal effect ) - and even he has recently defected to Threadneedle.

The new manager, Errol Francis is, as yet, an unknown quantity.

EdInvestor

Hard to beat Neil Woodford at IP, with a 17 year record of outperformance.

Sounds like the way to go to me, KoK.

As you know, the end of the current tax year is looming but still time to take out a 7k Maxi ISA.And then do it again when the new tax year starts , thus getting 14k in. That's just for one of you, of course.

Another way to go