ISA advise for this crazy time

javixeneize

For me having it in the ISA is kind of having it invested, its generating revenue every year, but im happy to hear for suggestions about where to invest it and how to maximise the revenue

Thrugelmir

What's the money going to be used for? 

javixeneize

At the moment just to generate more money, I don’t have plans for it 

Doshwaster

javixeneize said:

At the moment just to generate more money, I don’t have plans for it 

If you have £70k in a Cash ISA you are losing about 1% a year  - or £700 - in value with respect to inflation. 

javixeneize

Happy to hear suggestions... where should it work better?

Steve182

Quite frankly saving and gaining only interest at current rates is a waste of time, you are almost sure to lose out relative to inflation.  Invest it in the stock market for the long term you are almost certain to gain relative to inflation.

As an example, Fundsmith equity has a lower risk score then FTSE100 but far superior historic returns.

HansOndabush

Nationwide are doing a 0.75% ISA for 18 months but you have to already be a customer of theirs.

Doshwaster

javixeneize said:

Happy to hear suggestions... where should it work better?

As above, pension contributions, S&S ISA, a few thousand in premium bonds, pay down debts/mortgage, buy property. Just about anything would be better than cash. Even if you like the feeling of security a big cash bank balance gives you, some diversification would be good

Albermarle

javixeneize said:

For me having it in the ISA is kind of having it invested, its generating revenue every year, but im happy to hear for suggestions about where to invest it and how to maximise the revenue

The alternative to safe savings accounts /premium bonds is to invest in Stocks and Shares/Financial markets .
You take a risk that your funds could go down in value, in return that potentially they could increase in values more than you would get in a savings account . The longer you keep the investment the lower the risk , over ten years is usually recommended. Normally you invest either via a Stocks and Shares ISA or a DC pension.
If you are interested in taking this route with some of your money you need to do some reading first .
Spending some time reading this forum will help and here are a couple of links 
https://www.moneysavingexpert.com/savings/investment-beginners/
https://www.moneysavingexpert.com/savings/investment-beginners/

https://www.nutmeg.com/nutmegonomics/increasing-your-chances-of-positive-portfolio-returns-the-facts-about-long-term-investing/

javixeneize

Ok, i am better informed now. Looks like the best option is to transfer it to a stocks and share isa as it has been advised.

I had a lot at nutmeg, which you also mentioned above. Is this the best option to set a stocks and shares Isa?

thanks