FIRE Girls Pension Diary - Aim High & Dream Big

Alexland

kempiejon said:

Catch me up on that please, I didn't see they've been changed for the worse.

https://forums.moneysavingexpert.com/discussion/6644629/new-isa-limits-advice

https://forums.moneysavingexpert.com/discussion/6642890/hmrc-will-stop-cash-like-investments-in-s-s-isas

TL;DR A tax/penalty to pay on cash balance interest, a transfer restriction and worse of all is the cash-like restriction which will probably stop investors owning money market funds, short term bonds and more importantly executing their risk management strategies such as gradually reducing risk as they approach withdrawal.

kempiejon

Thanks @Alexland I can't see that'll affect me adversely but I'll wait and see, it's a bit previous to fret about the money market funds which I don't buy anyhoo.
I have trivial monthly balances between buys in my S&S ISA and don't think Halifax pay me interest on the small balances anyhow.
For me short term gilts are better unsheltered for the capital gains allowance and I do my asset allocations between various sheltered and unsheltered accounts, annuities and physical gold. Growthy equities are best in the ISA as they can become a tax liability in a SIPP when withdrawing.
Restricting cash limits to £12k nah I don't keep cash ISAs. I'm not one to move to low return low risk approaching accessing the pension, I could be 30+ years retired

Thanks for the details, looks inconsequential to my style but you've been hampered