Orbis, Weathify or Vanguard - S&S ISA and JISA with Minimal Savings

Duskyfox88

Hi All,

I have an Orbis S&S ISA which i opened with the MSE £100 offer but haven't done anything else with it. 

I have minimal amount of money to put in it £5 / £10 per month but feel I ought to so something as i'm approaching 50 and have some cash savings but again very little and i thought this maybe a good way to start saving again even if it's to out towards children's driving lessons or uni etc.

Orbis seem to have low fees and don't charge unless they do well but i never hear about them here anymore - what are peoples opinions ?  I was thinking of moving to Weathify instead as there charges seem low with good reviews.

I also have a couple of JISA's in Orbis with no fees on first year's investments so was thinking of leaving them here are and adding, again a small but regular amount - are there any better JISA's

Experiences and thoughts gratefully received - Thank you

Andyjflet

Are you debt free and do you have any private pension contributions anywhere? 

Andyjflet

Are you debt free and do you have any private pension contributions anywhere? 

Mark_d

You have £5-£10 to put away each month and very little cash savings.

I would suggest you focus on building up you cash savings.  Perhaps consider a regular saver account:

https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/

Duskyfox88

Thanks Andy and Mark,  no pension other than NEST and only just started, been advised i won't get much and would have to put so much in to get anything out am having to rely on partners pension and working for as long as i can.

I do also add into to regular savings similar amount - thought i should do long term effort albeit a small one.

Andyjflet

As Mark says, first priority is any unsecured debt, credit cards, overdraft etc, then build some savings as an emergency fund, then start paying into a pension. 

Albermarle

 no pension other than NEST and only just started, been advised i won't get much and would have to put so much in to get anything out 

Assuming this is a pension with an employer, then you will almost for sure get more back than you put in.

This is because the employer has to add 3% and you 5%. Your contribution will get tax relief, so effectively you have 8% going in for a cost to you of 4%. It is true if you have started late and the % is not based on a large salary, the end result will not be great but you should stay opted in as it is free money from the employer,