Stocks & Shares ISAs

Koj

Hi was looking at Lloyd's managed funds in their isa wrapper but can't find any info on them when doing a search for Lloyd's. I presume they may go under a different name.

dunstonh

Koj wrote: »

Hi was looking at Lloyd's managed funds in their isa wrapper but can't find any info on them when doing a search for Lloyd's. I presume they may go under a different name.

Lloyds have never retailed under the Lloyds Bank name. They did a bit under Black Horse Life and a period as LTSB but after they bought Scottish Widows (and went on to turn it from a very good company into a near basket case) they branded everything under the Scottish Widows name.

When looking at the tables, expect to find their funds near bottom.

confusedstarter

Hi All,

I need your help, i have moved jobs too much and this has meant that i have never really been able to build up a decent pension. i am not close to 40 and worried that i do not have enough for the rainy day. I ready the S&S ISA blog MSE and i am now even more confused. should i just put all my money in CASH ISA (which doesnt help me grow anything) or do i put in a fund outside of a ISA and do stocks and shares through that ?

I came to the blog thinking that CASH ISA was not going to help me grow a useful amount by the time i need to retire. I believe i would be in the high rate income tax band (a very recent occurrence)

my current pension projection says that the company pension would allow me 4K - 5K /per year income when i retire which doesnt seem like much after 40+years of working!

dunstonh

my current pension projection says that the company pension would allow me 4K - 5K /per year income when i retire which doesnt seem like much after 40+years of working!

Pensions, like any investment, are only as good as what you pay into them. Pay in peanuts, get back peanuts. However, projections tend to understate the likely outcome nowadays and put them in todays terms. So, the amount you will actually get will be higher although it showing todays spending power.

believe i would be in the high rate income tax band (a very recent occurrence)

So, pension better given the higher rate relief you would get?

jimjames

confusedstarter wrote: »

I came to the blog thinking that CASH ISA was not going to help me grow a useful amount by the time i need to retire.

You are absolutely right. Saving in cash for your pension over a large number of years is a very bad idea. Which form of investments is the better option depends on a number of factors as Dunstonh has suggested

philjo

I am reviewing my current holdings. my stocks & shares ISA is with HSBC - in the HSBC UK Growth and Income fund (it was originally the HSBC Household names ISA when I took it out) - I have had this policy for a number of years now.

I currently pay £100 per month into this. until recently I tended to max out the cash ISA allowance & just pay a small amount into the stocks & shares isa but now thinking of chaning the balance due to the low interest rates on the cash ISAs (& the total allowance is shortly getting close to my total spare income anyway so would be be paying max amount any more)
looking at other performance it seems to be below average recently. Just wondering if there were better funds or providers I should be considering.

Many thanks,

bananas1

Lloyds own Halifax which itself owns iWeb. In this case, it might make sense if they didn't also offer their own broker.

masonic

philjo wrote: »

I am reviewing my current holdings. my stocks & shares ISA is with HSBC - in the HSBC UK Growth and Income fund (it was originally the HSBC Household names ISA when I took it out) - I have had this policy for a number of years now.

I currently pay £100 per month into this. until recently I tended to max out the cash ISA allowance & just pay a small amount into the stocks & shares isa but now thinking of chaning the balance due to the low interest rates on the cash ISAs (& the total allowance is shortly getting close to my total spare income anyway so would be be paying max amount any more)
looking at other performance it seems to be below average recently. Just wondering if there were better funds or providers I should be considering.

Investing in just a UK fund is not a very sensible strategy, so it is worth considering a change just to address that point. If you want a single fund for simplicity, then it would be sensible to opt for a multi asset fund, which spreads your money across different regions of the world and different asset classes - not just shares. Examples of low cost passive funds include L&G Multi index, Vanguard LifeStrategy and Blackrock Consensus. You will probably need to transfer to a different provider to gain access to these choices.

katieks

Hi, new to all this. I was thinking of taking up the Moneyfarm S&S ISA offer for a year then moving elsewhere, probably somewhere with no management fees as hopefully I'd have a bit more of a clue what I'm doing by then and more time to devote to it.

My question is whether I'd have to change the funds or can I just change the platform? I.e. everyone says invest for 5yrs+ but doing it this way, would I be investing for just 1 year and then need to change all the shares thereby losing that benefit of riding out the bumps by investing for longer? Or can I move away from Moneyfarm but keep my shares/funds/whatever already bought and manage them myself with a different platform?

Thanks in advance.

masonic

Moving from one fund to a different, roughly equivalent, fund does not lose the benefits of long term investing. You may be out of the market for a few days, which is not ideal, but not a significant problem.