Max return (risk) on ISA

pavane

I have 15k in a cash ISA with a pitiful 1.25% return (Lloyds). All 15k was invested this year- initially 5,940 in May, then a further 9,060 in July once NISA came into effect. (Please don't critise, I know it's silly to have opened it, it's done now)

While there are cash ISAs with slightly better rates, I'd like to maximise this as a short-medium term (less than 5 years) investment rather than yet another savings account. I don't hold/trade stocks so converting this from cash to S&S seems logical.

I have just over 100k in FSCS covered accounts and while I'm not rich, I'd live just fine if I were to lose all 15k. I don't mind some risk and I'm tired of saving at rates that are often just above inflation.

I'm saving about 20k a year so could invest the full 15k in each successive year. However, the odds are I will leave the UK within 2-5 years.

How would you suggest I proceed? Specifically which institution to transfer to and what to buy.

colsten

I suppose the first question is whether you want your money to leave the UK with you, or whether you would be happy to stay invested in the UK. If the former, your risks are lower / more quantifiable if you stay in cash.