Missed Out ......sigh

love_lifer

santander have a 2year fix at 4%

badger09

love_lifer wrote: »

santander have a 2year fix at 4%

But its too late to apply for this now if you want to use your 2011/12 allowance.

You can of course apply and pay in £5640 from tomorrow though

peggyKu

Thanks for all your replies

Ok so yes im totally new to Isa's and have now decided to learn and invest. Unfortunately i just decided to take the plunge and found out alot of information online.

Today is a new day im struggling to get my head around it all, thus why i came to this website in search of ideas and advice. as i stated im totaly new to this side of investment.

Any recommendations???

Lokolo

Are you investing or saving?

You don't need any knowledge of investing to put money into a S&S ISA. You can put cash in and decide investments at a later date.

pinkdalek

peggyKu wrote: »

Thanks for all your replies

Ok so yes im totally new to Isa's and have now decided to learn and invest. Unfortunately i just decided to take the plunge and found out alot of information online.

Today is a new day im struggling to get my head around it all, thus why i came to this website in search of ideas and advice. as i stated im totaly new to this side of investment.

Any recommendations???

If you are not needing to access the money then consider doing a fixed ISA for a period of time where the money is locked away. The Halifax's 4.25% for 3 years does look a good deal considering interest rates are very low at the moment and if there is to be any improvement in interest rates it is unlikely to happen overnight or within the next 12 months.

If you need to be able to add to it or want access then just look for an easy access one. I know there are ISAs out there paying good rates but personally I prefer to stick with the main high street names who you know e.g. Nationwide, Halifax, Santander etc.

The Investment ISAs are an option but consider them only if you want longer term, possibly better to do if you want to save regularly on a monthly basis, this can help reduce risk as you are buying shares/stock at different prices throughout the year as opposed to invested in one go. Most ISA investors let you withdraw at anytime, it is something you should track and it does go up and down in value.

Hope that helps.

peggyKu

pinkdalek wrote: »

If you are not needing to access the money then consider doing a fixed ISA for a period of time where the money is locked away. The Halifax's 4.25% for 3 years does look a good deal considering interest rates are very low at the moment and if there is to be any improvement in interest rates it is unlikely to happen overnight or within the next 12 months.

If you need to be able to add to it or want access then just look for an easy access one. I know there are ISAs out there paying good rates but personally I prefer to stick with the main high street names who you know e.g. Nationwide, Halifax, Santander etc.

The Investment ISAs are an option but consider them only if you want longer term, possibly better to do if you want to save regularly on a monthly basis, this can help reduce risk as you are buying shares/stock at different prices throughout the year as opposed to invested in one go. Most ISA investors let you withdraw at anytime, it is something you should track and it does go up and down in value.

Hope that helps.

That is some fantastic information and for once easy to understand, sometimes it seems like hieroglyphs to me

I am in a position to invest my ex husband used to deal with all of this so now its up to me.

many thanks too all

LottieLou

K_P83 wrote: »

So just because WE know, doesn't mean everyone does. There could be any amount of reasons.

Exactly! everyone has to start somewhere people are always going to ask the basics on here because there are so many people who do know/understand and can put it into simple terms.

Don't worry peggyKu about not investing last tax year, you know for this year. I agree with what pinkdalek said, if you dont need acess to the money, locking it away for a few years is a good way to get a decent interest rate on your savings

10_66

peggyKu wrote: »

Ok so iv missed out at the end of the tax year to buy Isa's .....:( i wish i had not procrastinated on this but i have, now im feeling left out can anyone give me advice on what to buy into this new tax year and where to go. Thanks

For future reference, have a look at post #1 of Kazza's thread HERE, it lists all of the best ISA deals out there. If you're new to it, I know it might seem a bit daunting at first, but it really is worth spending a bit of time to familiarise yourself with the different options out there. It lists them in catergories for "new money" (which is what yours would be if you haven't subscribed before), or those to which you can transfer previous years (but you can still pay new money into this type as well). Don't be afraid of asking questions, there's always someone that will come along and answer it for you.

relaxtwotribes

peggyKu, you don't say how much money you have to put into an ISA, but if you don't use your full allowance for this new tax year by 5 April 2013, then you haven't missed out at all by not starting an ISA in the last tax year.
Hope you feel better.

jimjames

peggyKu wrote: »

That is some fantastic information and for once easy to understand, sometimes it seems like hieroglyphs to me

I am in a position to invest my ex husband used to deal with all of this so now its up to me.

many thanks too all

Hope you got it sorted but with HL you could have invested the entire allowance using debit card before the deadline.

If not then make sure you sort this years allowance sooner rather than later.