Stocks & Shares ISAs

planteria

Brand wrote: »

....There is also therefor to be won the huge queue of h-l customers making a decision where to house their their huge pile of investment money for the next decade, so that is the second reason why I think the ISA offerings may be revamped for July. I could be wrong, but why not wait and see?

all fair. the companies wanting to attract the HL investor's money will hopefully offer some good terms for using their platforms for Funds and Shares. i don't expect that to extend to competitive returns on cash, but it would be interesting, and good news, if one of them did.

the much-hoped-for shake up may well include HL improving their offer over time, of course.

a good rate on Cash within a S&SISA would be an interesting concept. perhaps 'Savers' could finish up using S&SISAs for the Cash ISAs along with using Current Accounts for their non-ISA-wrapped Cash Savings (as we do now):think:

masonic

jimjames wrote: »

Curious to know what these offers are!

However as S&S ISAs are for long term investments I'd be very wary of any short term offer to tempt you to sign up in a particular month when you may be holding those investments for 10 years or more.

The only ones I've seen involve opening a new S&S ISA and transferring in existing invesments - and those are not limited to certain times of the year.

For the avoidance of any doubt, I think the concept of there being April S&S ISA offers that people shouldn't miss out on is rubbish too.

planteria

the 'season' has been around CashISA providers offering supposedly tempting deals, and also the S&SISA providers publicising themselves when investors are aware that their time is running out towards the end of the tax year. in the latter case, of course, they'd be better of investing early/spreading through the tax year (on average).

innovate

jimjames wrote: »

Curious to know what these offers are!

Some waive the charges for the first 12 months, or have special deals for transfers-in, if you sign up before end of April. This could be an added bonus if you were going for the platform anyway, but a one-off small deal should not be a decisive factor in a decision that should be good for a decade or even longer.

Also, some of those horrible Friendly Society ISAs are trying to catch victims via Quidco/TCB cashback offers that appear around end of March each year. These offers should be avoided at all costs since the main product is with almost 100% certainty a significantly worse investment than a self-select ISA.

In general, April offers for S&S ISAs are insignificant gizmos.

planteria

i think a lot of the S&SISA adverts near the end of the tax year are just adverts to promote the brand and what they do. not usually offering any 'deal'.

planteria

innovate wrote: »

Also, some of those horrible Friendly Society ISAs are trying to catch victims via Quidco/TCB cashback offers that appear around end of March each year. These offers should be avoided at all costs since the main product is with almost 100% certainty a significantly worse investment than a self-select ISA.

the Friendly Society ISAs are generally cautiously-managed S&SISAs, with a portfolio of Equities, Bonds & Property. they are a worse investment than self-selections that perform better than they do, and a better investment than self-selections that perform worse than they do. personally, i use my ISA allowance for Unit Trusts and Company shares, but invest in Friendly Societies outside of my ISA allowance too.

jimjames

planteria wrote: »

i think a lot of the S&SISA adverts near the end of the tax year are just adverts to promote the brand and what they do. not usually offering any 'deal'.

That's exactly my point. Suggesting waiting until July to invest based on better "deals" being available just seems to be misunderstanding the S&S ISA market. There may be marketing blitz around the end of the year but as you say that's just promoting the brand not offering any special deals and choosing a long term provider based on that doesn't seem to be a sensible idea.

masonic

planteria wrote: »

the Friendly Society ISAs are generally cautiously-managed S&SISAs, with a portfolio of Equities, Bonds & Property. they are a worse investment than self-selections that perform better than they do, and a better investment than self-selections that perform worse than they do. personally, i use my ISA allowance for Unit Trusts and Company shares, but invest in Friendly Societies outside of my ISA allowance too.

My understanding is many use with-profits funds the high implicit charges outweigh any tax advantages and they are best avoided. You'd probably be better off going for unwrapped S&S if you need to invest more than the annual S&S ISA allowance per year.

ColdIron

planteria wrote: »

i think a lot of the S&SISA adverts near the end of the tax year are just adverts to promote the brand and what they do. not usually offering any 'deal'.

Nutmeg are providing inducements at my local rail station by giving away travelcard holders. Good idea though as it implants the brand into the mind

planteria

masonic wrote: »

My understanding is many use with-profits funds the high implicit charges outweigh any tax advantages and they are best avoided. You'd probably be better off going for unwrapped S&S if you need to invest more than the annual S&S ISA allowance per year.

we're straying off-topic, but with-profits plans that interest me pay bonuses on money not yet invested:dance: and are discussed here [TESPs]:

https://forums.moneysavingexpert.com/discussion/4671765

and here [RSPs}:

https://forums.moneysavingexpert.com/discussion/4856974

but anyway, back to ISAs. it will be interesting to see how things develop. but i agree that expecting much to change beyond the increased limits and the increased flexibility between Cash<>S&S is likely to lead to disappointed. George Osborne gave us investors a boost with the budget this year, and using ISA allowances wisely is an important part of financial planning. other than for those needing to seriously avoid risk, i would suggest using ISA allowances for Investment via a Stocks&Shares ISA. i'm using https://www.iii.co.uk