Are cash ISAs worth it for 2014/2015 tax year?

Nick_C

chucknorris wrote: »

It had crossed my mind to put my full ISA allowance into a SS ISA this (next tax) year but for now I think I'll carry on building up my cash ISA, not for what they pay now but for what they might pay in later years. But my cash holding is only a small part of my overall portfolio:


64% property
16% shares
12% pension
8% cash

How do those percentages look if you disregard the pension and just look at your liquid assets?

My concern about property would be the CGT if you ever want to sell. I plan to move as many shares as I can into the ISA wrapper each year to avoid this.

chucknorris

Nick_C wrote: »

How do those percentages look if you disregard the pension and just look at your liquid assets?

My concern about property would be the CGT if you ever want to sell. I plan to move as many shares as I can into the ISA wrapper each year to avoid this.

73% property
18% shares
9% cash


I wish my potential CGT bill was tenfold, because my net gain would also be. It would take decades for me to move all my property and non ISA shares into SS ISA's. So that isn't an option for me, in any case I am very happy with holding property, it has proved an excellent investment over the years for me.


I am currently paying the max allowed into my pension (£50k this year, £40k next tax year) as I am also very happy with pension investment because of the tax relief.