Saving: Cash ISA vs S&S ISA what split do you hold?

SG27

As most are saying, 100% s&s all cash should be in current accounts until maxed out.

Absolutely no point holding a cash isa at current rates

chucknorris

anselld wrote: »

100/0 - can't see any point in cash ISA, better interest rates outside.

At the moment I'm about 99/1, but that will change when my last 2 fixed rate cash ISA's mature next month.

chucknorris

SG27 wrote: »

As most are saying, 100% s&s all cash should be in current accounts until maxed out.

Absolutely no point holding a cash isa at current rates

Why not transfer cash ISA's to SS ISA's and maintain the tax free status?

Scarpacci

Right now 45% Cash ISA - all fixed rates from better times - and 55% S&S. Once flexibility kicks in I will be withdrawing the cash ISAs to top up and open up new high interest accounts and then fill my S&S allowance from new funds. I used my entire allowance on S&S this year, but I have had a need to keep cash and wish to maintain the tax-free nature in future.

Moving the cash ISAs directly to S&S was a consideration, but if a need for the cash arises I don't want to have to sell holdings. They're intended to be forever holdings so I prefer to fund those with new money that I know I don't need again. The new flexibility will give me the best of both worlds when it comes to the high interest accounts but also maintaining the built-up tax free allowance.

nushnush

Scarpacci wrote: »

Right now 45% Cash ISA - all fixed rates from better times - and 55% S&S. Once flexibility kicks in I will be withdrawing the cash ISAs to top up and open up new high interest accounts and then fill my S&S allowance from new funds. I used my entire allowance on S&S this year, but I have had a need to keep cash and wish to maintain the tax-free nature in future.

Moving the cash ISAs directly to S&S was a consideration, but if a need for the cash arises I don't want to have to sell holdings. They're intended to be forever holdings so I prefer to fund those with new money that I know I don't need again. The new flexibility will give me the best of both worlds when it comes to the high interest accounts but also maintaining the built-up tax free allowance.

maybe transfer to new ifisa with someone like assetz capitol, they offer a 3.73% quick access account, they also offer 2 separate 7% accounts that dont really take that long to get your cash out of if you need it. i use this account and also Moneything account and Savingstream account both of which are paying 12% right now. these are of course investments so your money is at risk

singhini

I hold 45% in cash-ISA's and 45% in Santander 123 3% accounts and 10% in S&S-ISA


Each year just before the tax year ends i.e. now-ish I put my full allowance into cash-ISA


why?- because S&S-ISA is not guaranteed (I would rather 1% or 2% guaranteed in a fixed cash-ISA than risk the money in a S&S-ISA). MY Csh-ISA's a getting me around £500, while my S&S-ISA lost me £800 (the only saving grace is the S&S-ISA is interest earning interest as I took out the capital amount years ago to pay off the mortgage


if you have a mortgage with say 3% or 4% interest consider paying that off.


if you want bigger returns go for the S&S but be prepared to keep it invested for 5, 7, 10+ years and not the 2 or 3 years typically with cash-ISA's


My advise is the only truly bad decision s to make no decision at all -
Good luck mate -

SpeedSouth

At present I hold 50% in current accounts rather than cash isa and the rest is S&S Isa with about 1% in p2p.

I've reached my happy with emergency fund about 10-12 months, recently made redundant, single wage into household, 3 kids, too my mind 6 months was a bit low.

From here on in though everything goes in S&S and p2p so the split will get go wherever it gets.

SG27

chucknorris wrote: »

Why not transfer cash ISA's to SS ISA's and maintain the tax free status?

Yeah can do. Tgen any caah left over fill up current accounts

BananaRepublic

I have about £10,000 in a cash account for emergencies, the rest in S&S ISAs, and pensions, apart from £40,000 in a unit trust which I am transferring to an ISA and SIPP in the next tax year.

banksofthe_mersey wrote: »

and the max amount in tsb plus an nationwide? i wont no risk at all because ive seen too mnay people have their fingers burnt,

Fools, and unwise people do get burned. Successful stock market investing is all about managing risk i.e. understanding how to reduce risk to an acceptable level, whilst reaping the benefits. Over the long term the stock markets have spanked most other investments.

jimjames

singhini wrote: »

why?- because S&S-ISA is not guaranteed (I would rather 1% or 2% guaranteed in a fixed cash-ISA than risk the money in a S&S-ISA). MY Csh-ISA's a getting me around £500, while my S&S-ISA lost me £800 (the only saving grace is the S&S-ISA is interest earning interest as I took out the capital amount years ago to pay off the mortgage-

The whole point of investments is that they can go down as well as up but long term a balanced portfolio should comfortably beat inflation.

A S&S ISA will only lose money if you panic and sell out on a dip. If you wait then markets rise and you'll be back above purchase price. There were quite a few posts earlier in the year with people saying it was too risky to invest as markets were down. In reality the opposite is true, when prices dip it's a better time to buy as you get more for your money. Some of the investments I made earlier this year are up 15-20%.