📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

ISA maxed out

Options
RM
RM Posts: 11 Forumite
Fifth Anniversary First Post
edited 15 April 2024 at 3:33PM in ISAs & tax-free savings
With ISA maxxed out, what might be good, low/no tax options for investing.

I just read an article suggesting gilts be the way forward.

suggestions, please.

Thanks

Comments

  • george4064
    george4064 Posts: 2,928 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 13 April 2024 at 8:12AM
    No-one can give any meaningful suggestions without knowing details about your circumstances.. 

    Suggestions however include; pay off high interest debts, establish emergency fund, pension, spouse pension or ISA?, mortgage overpayments, GIA, VCTs, EIS or SEIS, donations, fine wine/art and more…
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
  • RM
    RM Posts: 11 Forumite
    Fifth Anniversary First Post
    Thanks, mortgage/ rainy day fund/ no high interest loans/ pension ok.. being sorted .

    i don’t know about VCTs/ GIA/EIS etc. 

    Are gilts a good idea? 
  • zagfles
    zagfles Posts: 21,451 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    edited 13 April 2024 at 12:12PM
    Well if you just read an article about them presumably it explained them, so what do you want to know? Short dated low coupon gilts can be a good alternative to savings accounts to avoid tax as there's no capital gains tax on gilts (that's actual raw gilts not gilt funds). The coupon is taxable but if you use low coupon ones most of the return will be capital gain. Longer dated gilts can be volatile so there'd be risk unless holding them to maturity. 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.