We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Income suggestions from 60K ISA
Comments
-
That sounds like a good plan, but as said above it would also help to smooth payments out if there was a 12 or 18 month cash buffer.It seems like the only way to do this with HL is to turn off the "automatically pay out" option, keep the cash in the account then I go in every month and make a manual withdrawal, leaving cash in there if it's been a good month to subsidise months where there's a shortfall.
Or it could just be kept in the cash buffer.Any cash left at the end of the year can be paid out as a "bonus" or re-invested.0 -
In which case, I would change platform.
If a provider/platform cannot meet the requirements then it should be filtered out. There is almost certainly a cheaper platform that does this available.
Any idea what platforms support this? It seems like a very specific feature that is hard to find any information about just by looking at provider web sites, unless I just haven't been looking hard enough.0 -
Any idea what platforms support this? It seems like a very specific feature that is hard to find any information about just by looking at provider web sites, unless I just haven't been looking hard enough.
I dont know the data on the DIY platform side. On the advice side it is a filter option on the research software. It may be worth checking out Snowmans platform comparison. It may mention on there (its a stab in the dark). Otherwise there is bound to be a poster here who has regular fixed withdrawals who could offer suggestions.0 -
Why does it have to be within the platform? Why not just use an intermediary bank account, ideally one that gives a bit of interest on balances and simply receive the dividends and set up a standing order for the monthly amount going out into your Mum's main account.0
-
Why does it have to be within the platform? Why not just use an intermediary bank account, ideally one that gives a bit of interest on balances and simply receive the dividends and set up a standing order for the monthly amount going out into your Mum's main account.
Yep, another good idea.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards