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Do You Have The Resources To Invest 20,000 Per Year Into An ISA?

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Comments

  • masonic
    masonic Posts: 28,537 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    There have now been just over 50 votes and 84% of voters have the resources to save up to the full £20k per year into ISAs. I thought asking here would deliver a high percentage, but not that high.
  • MACKEM99
    MACKEM99 Posts: 1,175 Forumite
    1,000 Posts Fifth Anniversary Name Dropper
    masonic said:
    There have now been just over 50 votes and 84% of voters have the resources to save up to the full £20k per year into ISAs. I thought asking here would deliver a high percentage, but not that high.
    Of those who voted.
  • Martico
    Martico Posts: 1,235 Forumite
    1,000 Posts Third Anniversary Name Dropper
    masonic said:
    There have now been just over 50 votes and 84% of voters have the resources to save up to the full £20k per year into ISAs. I thought asking here would deliver a high percentage, but not that high.
    Mind you, "up to 5K" and "up to 20K" aren't mutually exclusive to the pedants among us
  • booneruk
    booneruk Posts: 836 Forumite
    Seventh Anniversary 500 Posts Name Dropper
    edited 17 April 2025 at 12:15PM
    I do max out when I can, and if I wanted (I don't!) to store the full whack in cash after this alleged Reeves allowance butchering then I'd use money market funds or short dated bonds. It's S&S ISAs for me in general.

    I'm really not sure what they're going to do about the MMF/Bonds avenue. Though I don't take rumour seriously - react after the budget if anything changes.
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