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Can Someone Help Me

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
5 replies 1.1K views
petchypetchy Forumite
135 posts
edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
Hi Folks,

Ok here we go i have currently in my InstantISA(with Nationwide) £1,800 in. Every month from my salary i put away a minimum of £150 (of which i still have 7 months of my job left). I have also been left as part of a family member's will £2,000 which i will be receving soon. Plus also i have some bonds to the value of around £2,000 maturing at the end of March.

Just wondered what i should do with the money, and does anyone have any ideas??? (also where to put it and what account!)

Furthermore, i am currently a student on placement, and finish my university course in june 2006.

Hope someone can help, as im stuck!

Cheers Petchy


  • dunstonhdunstonh Forumite
    102.7K posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Stick with the ISA. The bulk of the money can follow through into next years allowance.
    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.
  • petchypetchy Forumite
    135 posts
    Will the ISA be making me the most amount of interest though. I think my nationwide ISA is at 4.85% which isnt to bad i guess. The only thing im worried about is getting 3,000 in this tax year, another 3,000 in for the next, which may be full by lets say august time!

    then what do i do!
    Cheers Petchy
  • blinkoblinko Forumite
    2.4K posts
    Part of the Furniture 1,000 Posts Combo Breaker
    yep as above max out your cash isa to the £3000 limit and then either start saving for next year by putting the rest of the money in your e-saver internet account
  • Robert_Sterling_3Robert_Sterling_3 Forumite
    7.1K posts
    Nationwide also do a Member's ISA Bond paying 5.15%.
    Read the terms and conditions.
    ...............................I have put my clock back....... Kcolc ym
  • petchypetchy Forumite
    135 posts
    so lets say i get my isa full to £3,000 this tax year, and then another £3,000 in before sept so ive £6,000 in my isa (cannot put any more in) can i then open a bond or something else to either shift all that 6,000 in or just my monthly payments i was paying into my isa initially
    Cheers Petchy
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