Just checking this isn't really stupid ...

Savvy_Sue

Again many thanks everyone. More sums, more thinking, but priority is to get a cheque off to my pension ASAP now I know how much to write it for.

Can't get into my Santander accounts atm which is a little frustrating / worrying and they don't have a 24/7 helpline!

SeniorSam

Another + for Cavendish Online, as charges are an important issue with any investing. Worth looking at Hargreaves Lansdowne also. The most important part of investing is the selection of where it goes. Cash, Unit Trusts, Investment Trusts, Shares etc. If you don't want the bother of vetting these yourself, ten you need a goof Financial Adviser to help you.

Sam

atush

If you're going to go the S&S ISA route, consider subscribing this year, even if you don't actually buy anything just yet, on the use it or lose it principle.

Yep this is what I meant by suggesting you do it now. AS you will lose that 15K allowance if you dont take it. Leave it in cash until you decide where and how to invest it. You can drip feed it in if you are afraid of market volatility.

Reading suggestions for your holiday? Monevator blog, and Motley Fool.

Savvy_Sue

SeniorSam wrote: »

Another + for Cavendish Online, as charges are an important issue with any investing. Worth looking at Hargreaves Lansdowne also. The most important part of investing is the selection of where it goes. Cash, Unit Trusts, Investment Trusts, Shares etc. If you don't want the bother of vetting these yourself, ten you need a goof Financial Adviser to help you.

Thanks. I think I have a good IFA lined up, although how you ever know for sure ...

atush wrote: »

Yep this is what I meant by suggesting you do it now. AS you will lose that 15K allowance if you dont take it. Leave it in cash until you decide where and how to invest it. You can drip feed it in if you are afraid of market volatility.

So you're saying I should open something without putting anything into it, and then I get £15000 for this year and next year? Sorry, very blonde about all this.

atush wrote: »

Reading suggestions for your holiday? Monevator blog, and Motley Fool.

Thanks. Perhaps I can delegate that to DH. Life was simpler when we didn't have two sixpences to rub together ... not that I'd go back to those times! :rotfl:

redux

Savvy_Sue wrote: »

So you're saying I should open something without putting anything into it, and then I get £15000 for this year and next year? Sorry, very blonde about all this.

No, that means send £15,000 to the new account in this tax year, leaving it as cash within it for the time being until you decide on the choice of investments.

masonic

Savvy_Sue wrote: »

So you're saying I should open something without putting anything into it, and then I get £15000 for this year and next year? Sorry, very blonde about all this.

You have to put the money in the ISA to avoid losing your allowance, but you don't have to decide what to invest in straight away.