What will you be doing with your 2011 ISA allowance

adonis10

Wobblydeb wrote: »

S&S ISA isn't a fund - it's a tax wrapper, so can hold bonds, shares, funds (including trackers) etc.

Mine is in shares - 10 different companies at the moment, including smaller/riskier stuff.

My pension has the steady eddy funds.

When I said 'fund', I meant 'pot of money'.

If you don't mind me asking, what are the 10 companies? How do you decide how much to buy in each company? Say you have £1,000 per month to invest, how do you decide on the allocation of it between the various companies?

Wobblydeb

adonis10 wrote: »

When I said 'fund', I meant 'pot of money'.

If you don't mind me asking, what are the 10 companies? How do you decide how much to buy in each company? Say you have £1,000 per month to invest, how do you decide on the allocation of it between the various companies?

The 10 companies vary from big established names like Standard Chartered (STAN) and William Hill (WMH) to tiddlers like Fiberweb (FWEB). Like you, I had an amount every month or two to put in, so I bought shares in one company at a time, and have gradually built up to the 10. To decide what next I read magazines, look out for specific tips or decide upon a theme or sector to invest in next. I would then do some research, usually comparing several different "possibles". The amount is the same in each business ..... well, it was at the start!

bendix

Wobblydeb wrote: »

I'm another person who has enough cash, so will be putting mine into S&S ISA.

The amount in cash from previous years finishes a one year deal fairly soon, and I am tempted with the M&S 3 yr fix. The penalty for early withdrawal is a flat £100, which equates to a couple of months interest which isn't too bad....

Same for me. I have enough in cash currently (not in the UK) so will use the quota purely on stocks and shares funds. I usually just transfer the maximum allowance from funds invested in the H-L Vantage account over to my holdings in the H-L S&S ISA account.

Nothing to see here . .

N1AK

I'm going to be using my ISA allowance for S&S this year. Up to now I have only been using the cash allowance. That was to build up a house deposit which I now have, future savings will be more long-term in nature.

Obviously there's a real risk to S&S. That said, we've gone through an extended depression in S&S prices. I think that the odds of a better than cash return over the next 20 years is good.

bendix

N1AK wrote: »

I'm going to be using my ISA allowance for S&S this year. Up to now I have only been using the cash allowance. That was to build up a house deposit which I now have, future savings will be more long-term in nature.

Obviously there's a real risk to S&S. That said, we've gone through an extended depression in S&S prices. I think that the odds of a better than cash return over the next 20 years is good.

Not good. Nailed on certain.

VT82

I still might need my cash for a move up the property ladder at some point in the next year or two, so am not looking at S&S or fixed ISA's.

I'm not going to top up my Halifax Direct Reward ISA just yet, in case a better offer comes along, and while I have capacity in my Vantage accounts. But if no better option has come along by the time I have filled up my 3 Vantage accounts (probably another 6 months), I will drip feed my savings into this (or whatever I transfer it into once the bonus has expired). If I've not filled my allowance by April 2012, I will top it up out of my Vantages anyway

I must remember to transfer my maturing Santander '3.2% guaranteed' instant access ISA from last year into Halifax though.

Just to confirm - if I do a part top up my Halifax ISA in 2011/12, then transfer it, will I not be able to top up the new one any more as you can't top up two ISAs in the same tax year?

Thrugelmir

Little point in sheltering cash in an ISA.

Better to utilise the allowance into areas such as Corporate Bonds. Where the interest is paid gross (before deduction of tax) within an ISA. Then reinvest the income to compound the return.

purch

Just thought I,d enquire what folk will be doing with their 2011 cash ISA allowance

Spending it (as usual)

masonic

Well I'm stuck in this 5 year fix from Newcastle BS paying 5%, so I'll probably stick all my 2011 allowance in S&S.

newcastleneil

Thanks for all your replies.Its given me something to think about.I always thought the first thing to do was wallop the max into the highest ISA you could find .Just goes to show what a tit I am

Regards

PS .I might now think about a S AND S ISA now