MSE News: Is it still worth saving in a cash Isa?

tradetime

I think it is certainly worth examining the case for and against using them based on personal circumstances, I think it is no longer the case that filling your ISA allowance is a no brainer as often trotted out here. It's still definitely worth it for higher rate tax payers, and people should consider if that's in their future. As for basic rates of tax rising, certainly possible, but I suspect the banks will compensate by making the rates on ISA's even worse.
Once the banksters get their sticky hand in your pocket it's pretty hard to get them out.

zimbabweborn

So would it be better to invest the whole allowance (7200) into investor isa(stock and shares) with current cash Isa rates low ?

Aegis

zimbabweborn wrote: »

So would it be better to invest the whole allowance (7200) into investor isa(stock and shares) with current cash Isa rates low ?

"Better" is subjective. If you're investing for long term growth anyway, then I would usually say yes, but if you generally stick to cash, then probably not.

michaels

Only problem is the tax break is so valuable that I can't bring myself to ever spend any cash isa money - I reckon it is cheaper to extend my mortgage or even take out a personal loan than lose the tax break forever...

zimbabweborn

thanking you my aim is long term as i want to go back to motherland. The problem being I need to invest in a nursing home and need to raise the cash for 33 per deposit