New to ISAs

enthusiasticsaver

I started off with the Vanguard Lifestrategy 60 through Cavendish investments online which are one of the cheaper platforms. I do a monthly amount and then top it up if I am able to at the end of the month using my debit card. It takes about 5 days for a trade to take place and is very easy. I have not had to take money out yet though so not sure how long or how easy that would be. I assume fairly straightforward but ideally you should only go into investments if you have a fairly long time frame so if you think there is a strong possibility you may lose your job you might be better off sticking with high interest current accounts.

jimjames

harvey180 wrote: »

Thanks all for the advice.

Can I check, given I want to make variable payments in each month rather than an exact amount is there a particular platform that is geared better for this.

I've been looking at Cavendish, which seem to be reasonable.

You can do that with Cavendish.

2 options, amend the DD each month to the amount you want or you can set DD for the lowest amount you know you want to put in and then use debit card to top up the additional amount each month.

harvey180

Thanks for the help Jim.

I'm going to go that way. Cavendish seem straight forward for a newbie.