help and advice on investing, isa, ect

gimli1001

Hiya

for the first time in my life im about to have a large amount of capital, well large for me around £45000 some of it is earmarked for houshold improvements, but im hoping to have 15K to invest, i have no idea which would be the best way, i was thinking of investing it in a ISA any advice would be welcome
steve

AlanP_2

Welcome to the site.

First things first, providing a bit more information about you and your circumstances will probably result in better informed advice.

For example how long do you want to invest for? Stockmarket investments should be over 10+ years ideally.

What other savings / assets / debts do you have? Most advice on here is to have a reasonable "cash savings" pot for emergencies like loss of job, car going bang and the like and to clear high-interest debt ASAP.

jimjames

Investing inside an ISA is probably better than investing outside as it will protect you from capital gains tax and income tax over time. But an ISA is just the wrapper, you still need to decide which investments to buy inside it.


How does this fit into existing investments you already have? As above you also need to make sure you have sufficient available for emergency fund before investing.


If you didn't really mean investing and were actually referring to cash savings then an ISA is not a good idea as you can do far better outside an ISA with current accounts and regular savers.

CoraJenkin

I agree with AlanP that you must provide more information to provide you with better solution.