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1st ever post! Pensions....

2

Comments

  • nnop
    nnop Posts: 17 Forumite
    I have a S&S ISA with Hargreaves Lansdown and setting up is simple, just visit their website and you can invest a lump sum or monthly. The website is clear and you can switch investments online as you go.

    Good luck!
  • margaretclare
    margaretclare Posts: 10,789 Forumite
    nnop wrote: »
    I have a S&S ISA with Hargreaves Lansdown and setting up is simple, just visit their website and you can invest a lump sum or monthly. The website is clear and you can switch investments online as you go.

    Good luck!

    I had money in cash ISAs but when interest rates went so low, I put 2 years' worth of cash ISAs into stocks-and-shares ISAs with H-L. I did it just at the end of/start of the tax year.

    DH has recently done the same with his. Saving in a cash ISA used to be a good idea, but not when the interest is 0.5%.
    [FONT=Times New Roman, serif]Æ[/FONT]r ic wisdom funde, [FONT=Times New Roman, serif]æ[/FONT]r wear[FONT=Times New Roman, serif]ð[/FONT] ic eald.
    Before I found wisdom, I became old.
  • james81
    james81 Posts: 28 Forumite
    Thanks people,

    well I opened a Natwest eISA earlier this year and have filled it, so does that mean I can invest the remaining in shares etc, or not?
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    james81 wrote: »
    Thanks people,

    well I opened a Natwest eISA earlier this year and have filled it, so does that mean I can invest the remaining in shares etc, or not?

    Yes you can.That's another £3,600.
    Trying to keep it simple...;)
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    james81 wrote: »
    Thanks people,

    well I opened a Natwest eISA earlier this year and have filled it, so does that mean I can invest the remaining in shares etc, or not?

    Yes, Stocks and Shares amount is £7,200 minus however much you have put in Cash ISA this tax year.
  • james81
    james81 Posts: 28 Forumite
    Sounds good, so what should my next course of action be? approach Natwest on the subject or go elsewhere?

    Thankyou
  • dunstonh
    dunstonh Posts: 120,195 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    approach Natwest on the subject

    Good God no.

    You either DIY or use an IFA. Never use a salesforce and never ever use a bank or tied sales rep.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • james81
    james81 Posts: 28 Forumite
    dunstonh wrote: »
    Good God no.

    You either DIY or use an IFA. Never use a salesforce and never ever use a bank or tied sales rep.

    hehehe ok how do I DIY? where do I look to invest? Thanks
  • dunstonh
    dunstonh Posts: 120,195 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    james81 wrote: »
    hehehe ok how do I DIY? where do I look to invest? Thanks

    When you DIY you are taking on responsibility for knowing what you are doing. So, that means you choose who the ISA manager is going to be, what investment strategy you intend to follow and how you intend to invest and when to switch and rebalance.

    Now, you sound like a novice on this front. So, you have to decide if you want to learn about investing or not. If so, then put the hours in. If not, use an IFA.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • james81
    james81 Posts: 28 Forumite
    dunstonh wrote: »
    When you DIY you are taking on responsibility for knowing what you are doing. So, that means you choose who the ISA manager is going to be, what investment strategy you intend to follow and how you intend to invest and when to switch and rebalance.

    Now, you sound like a novice on this front. So, you have to decide if you want to learn about investing or not. If so, then put the hours in. If not, use an IFA.

    I am a novice but willing to put in the hours to learn more. Where do I start though? And if I decide to use an IFA where do I find one?
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