Stocks and Shares ISA for beginner

LouP25

GeoffTF said:

One way or another, you are going to have to learn the basics, or pay out a huge amount of money in professional fees to get other people to do everything for you. If you want a good return on your money you need to control your costs. Here is a book that addresses the investment basics:

https://www.amazon.co.uk/DIY-Investor-started-investing-financially-ebook/dp/B072N85RJH

Nice! I've decided to make 2022 "my financial year". I saved that article you gave me and will read this book for sure. I really really appreciate your help + this forum. Really nice people here! Yes, definitely will read the book and maybe others. I've already finished Think and Grow Rich a few days ago ))

coastline

LouP25 said:

GeoffTF said:

One way or another, you are going to have to learn the basics, or pay out a huge amount of money in professional fees to get other people to do everything for you. If you want a good return on your money you need to control your costs. Here is a book that addresses the investment basics:

https://www.amazon.co.uk/DIY-Investor-started-investing-financially-ebook/dp/B072N85RJH

Nice! I've decided to make 2022 "my financial year". I saved that article you gave me and will read this book for sure. I really really appreciate your help + this forum. Really nice people here! Yes, definitely will read the book and maybe others. I've already finished Think and Grow Rich a few days ago ))

Again for the basics and at times detailed summaries I've found this helpful.

Home (occaminvesting.co.uk)

Start here - Occam Investing

Albermarle

LouP25 said:

eastmidsaver said:

GeoffTF said:

always a good idea to have both ISA and SIPP.   

Its funny you mentioned SIPP, as today I was researching LISA and SIPP and cannot get my head around as to self assessment with them. Both are interesting. I already have a pension with Aegon and I left my previous employer, but the pension is invested risk 5 out of 5 Aegon fund. If I want to contribute into my pension, again the self assessment question pops up, I need to make sure I get that 20% from the government somehow. Something I will have to research. I'm pretty excited about my s&s ISA decision for now ))

If you make a contribution to the Aegon pension , they will get the tax relief from HMRC and add it to your pension . No need to claim it .
Only caveat is just call them first, as sometimes there can be issues suddenly making new contributions after a long period not making them. 

LouP25

Albermarle said:

If you make a contribution to the Aegon pension , they will get the tax relief from HMRC and add it to your pension . No need to claim it .
Only caveat is just call them first, as sometimes there can be issues suddenly making new contributions after a long period not making them. 

ah! this is awesome! This morning I decided to NOT get or think about SIPP and LISA. I already have a pension that's invested risk 5 out of 5, so I will concentrate on that + S&S ISA.

"they will get the tax relief from HMRC and add it to your pension . No need to claim it ." - really? awesome!!!   thank you!!!

GeoffTF

The OP said earlier that he was a freelancer. If he is self employed, he is going to have to fill in a tax return anyway. A few more numbers in boxes is not going to make much difference.