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Which NISA to invest on
moo3
Posts: 3 Newbie
I have £3000 that want to invest in an NISA. which one should I invest in?
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Comments
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Invest in the one that's most suitable for your personal circumstances....0
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You don't really "invest in a NISA". You invest in funds or shares, and you can have most of them in (N)ISA wrappers, to avoid any CGT.
So you need to start by selecting your investment(s). Once you have chosen, you then need a platform that provides reasonable service at minimal cost.
All of the above applies if you are after an S&S ISA. Tough I have a suspicion that you might actually be after a cash ISA? Perhaps you could clarify and provide some more details about your expectations, and your plans for the money.0 -
As for which Cash NISA to invest in - don't. Go for one of the many high intereste current accounts, if you can.0
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I have £3000 that want to invest in an NISA. which one should I invest in?
With nearly 30,000 investment options available and an near infinite number of variations, you havent given us much to go on to narrow those options.
as it stands, pick a number between 1 and 30,000. And that assumes you really mean investment ISA and not cash ISA.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
As for which Cash NISA to invest in - don't. Go for one of the many high intereste current accounts, if you can.
You don't invest in cash ISA, you save in them. Cash ISAs are just savings accounts where interest is paid gross, and where your maximum annual deposit is limited to your annual ISA allowance.0 -
Thanks guys.. Sure I should have said a bit more.. I want to put this money in a NISA and be able to get hold of it anytime. The thing if I leave it in my account I will spend it somehow lo!
So which NISA shall I put my money in so that it can earn a bit of dosh!0 -
So you are after instant access savings. Very different to investing.
Your best option are two TSB Classic Plus current accounts, unless you got these already. In which case, the next best is a Club Lloyds for you.
They pay way more than any cash (N)ISA will. Ignore (N)ISAs entirely, in your circumstances you get nil advantage from them.0 -
thanks colsten0
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