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Where would you go
Wrights2k20
Posts: 12 Forumite
After reviewing my banking I am now left comfortably with £60.00 free which I want to stash away each month.i have transferred into my billing account enough to cover the Direct Debits for the next year and after budgeting for my coffee and treats I'm left with spare.
I currently have at the moment invested in pension both private and work and not interested at the moment in upping these premiums.
Invest £250.00 in BOS Monthly Saver
Invest £100.00 in Investment ISA with BOS.i have made a decent return on this isa to date so not interested in moving this
No Debt.
I currently have at the moment invested in pension both private and work and not interested at the moment in upping these premiums.
Invest £250.00 in BOS Monthly Saver
Invest £100.00 in Investment ISA with BOS.i have made a decent return on this isa to date so not interested in moving this
Also have 4K stashed away in a fixed sav
No Debt.
Maybe just increase the amount I pay into an ISA but like the idea of something new and separate.
What would you do
What would you do
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Comments
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The Investment ISA is the best home for this money at the moment. You can do something new and interesting with the extra amount you have to invest.The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.0
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To clarify do you mean you are paying £100 per month into BOS investment ISA and £250 per month into BOS monthly saver (as opposed to having £100 and £250 in each).Wrights2k20 said:After reviewing my banking I am now left comfortably with £60.00 free which I want to stash away each month.i have transferred into my billing account enough to cover the Direct Debits for the next year and after budgeting for my coffee and treats I'm left with spare.
I currently have at the moment invested in pension both private and work and not interested at the moment in upping these premiums.
Invest £250.00 in BOS Monthly Saver
Invest £100.00 in Investment ISA with BOS.i have made a decent return on this isa to date so not interested in moving thisAlso have 4K stashed away in a fixed sav
No Debt.Maybe just increase the amount I pay into an ISA but like the idea of something new and separate.
What would you do
The fees on BOS investment account are changing to £36 per year from next April so depending on how much you have invested this may be quite high.
Depending on what you are saving for different products may be suitable:
If you are saving for retirement pension and/or stocks and shares lifetime ISA would offer tax advantages, but as you say you don't want to do this currently paying more into stocks and shares ISA probably best.
If you are saving for a house purchase have you looked at lifetime ISA.
https://www.moneysavingexpert.com/savings/lifetime-isas/
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