The Top Easy Access Savings Discussion Area
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Hi Guys
I just want to make people aware. The Tesco Internet saver is now paying 1.45%.
I just managed to apply a few minutes before. The application will still be waiting for approval.0 -
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I have money invested in a stocks & shares ISA (originally a PEP) when it was invested over 20 years ago (Fidelityj. I want to withdraw this money to pay for home improvements next Summer. Would it be wise to cash in this money before Brexit date, & if so, where should I put it in the interim. I know no-one can predict the full effects of Brexit. I am a tax payer, how much can I put in my instant access ISA per year.0
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You can sell the stocks and shares within the old ISA and transfer to a cash ISA if you wish.
Remember that you must ask the provider of the cash ISA to organise the transfer.
You could sell the stocks and shares within the ISA and transfer the money to a non ISA account.
You have a fresh ISA allowance for the 2018-19 tax year of up to £20,000.
https://www.thisismoney.co.uk/money/article-1583859/Best-savings-rates-General-savings-Internet-branch.html
https://www.gov.uk/individual-savings-accounts0 -
heyjude3333 wrote: »I have money invested in a stocks & shares ISA (originally a PEP) when it was invested over 20 years ago (Fidelityj. I want to withdraw this money to pay for home improvements next Summer. Would it be wise to cash in this money before Brexit date, & if so, where should I put it in the interim. I know no-one can predict the full effects of Brexit.heyjude3333 wrote: »I am a tax payer, how much can I put in my instant access ISA per year.0
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Main site gives Kent Reliance @ 1.5%, but link goes to a 1.4% account.
Does anyone have the correct url please?Keef - Sheerness, Kent UK0 -
Kent Reliance
Looks like they pulled that Rate
had a look on their website no sign of the 1.5% Easy AccessMortgage Free 02/02/20240 -
heyjude3333 wrote: »I have money invested in a stocks & shares ISA (originally a PEP) when it was invested over 20 years ago (Fidelityj. I want to withdraw this money to pay for home improvements next Summer. Would it be wise to cash in this money before Brexit date, & if so, where should I put it in the interim. I know no-one can predict the full effects of Brexit. I am a tax payer, how much can I put in my instant access ISA per year.
the general advice is that money you need in the next 1 - 5 years should not be in the stock market.
There is no right or wrong answer as to if you should de-invest now or post brexit (if that ever happens). You will only know after the event if it was the right decision to have de-invested today, tomorrow, in 6 months or in 12 months etc.
YOU need to decide if you are willing to take the risk on what happens with the markets in the coming months.
If the markets tank would you still be okay with your return when you need the money given that you took on a level of risk or would you be gutted. If the latter I would say you should de-invest now.
Remember you can make a correct wrong decision i.e. the decision now was correct for you but the outcome was wrong, so you de-invest now and are happy with what you get and the certainty that you have the money you need but then the markets double by the time you actually need the money then in hindsight that would have been the wrong decision but it was right for you at the time. Or vice versa.
A way to help hedge your risk would be to dollar cost average out of the investment, so take a set amount out of the investment each week. This helps spread the risk of getting out at the wrong time but still could be the wrong decision.
In general though if you knew the work was going to have been needed you should really de-invest some years ago.0 -
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keef-WhatStandards wrote: »Has MSE updated their website?0
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