ISA Query

sleepless_saver

carly wrote: »

Retirement is imminent and I am reading these forums avidly and hopefully learning a lot. Starting from a knowledge base of zero it's a steep learning curve

If you're starting from zero, have you had a look at some books for beginner investors as well as the forums. That way you get the bigger picture - forums are by their nature "bitty". My recommendation - Smarter Investing by Tim Hale.

grey_gym_sock

marathon_man wrote: »

With it still possible to get 4.2% with Punjab Bank

well, that's not a sustainable income of 4.2%, because there's only perhaps 1% left over after you've covered inflation (if you aren't paying tax on it).

a suitable mix of investments could give you a sustainable income of 4%, i.e. both the income and the capital would have a chance of rising at least in line with inflation.

everybody needs some money kept on deposit, but if you want to draw 4% income, sustainably, you can't keep too much on deposit.

dontbechurned

check out the ISA case study on thechurn.