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ISA's and Bonds
Loobeylou
Posts: 901 Forumite
Can I use this year's maximum cash ISA allowance of £5100 as well as investing in a two year fixed rate bond, within the same tax year?
Any advice would be gratefully received!
Any advice would be gratefully received!
0
Comments
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As long as the fixed term deposit is not an ISA then yes.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.0
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Yes (assuming the bond is taxed and not also inside an ISA wrapper).0
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And ... are bonds as secure as ISA's?0
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fixed term deposits have identical protection as cash ISAs as they are both deposts and fall under the same deposit protection as all other deposits/cash based accounts.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.0
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As we have quite a lot of recently acquired pension money to invest, is there anything else we should consider, either as well as or instead of an ISA and bond?0
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As we have quite a lot of recently acquired pension money to invest, is there anything else we should consider, either as well as or instead of an ISA and bond?
Investments as well as savings perhaps. Especially if you are looking at income provision (where savings can actually carry a higher risk).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.0
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