Recommended ISAs

rutters

Hi All,

Could anyone recommend a Cash Isa and a Shares Isa please?

Got £10k to invest and I want to fill my Isa quote then look for savings Bonds for the rest.

cheers

Ian_W

There is no "best" shares ISA, it depends on what and how you want to invest, your attitude to risk, whether you're going to invest in UTs/OEICs or Investments trusts or direct shares etc. There's a long thread discussing it HERE. If you use funds then buy through a discount broker to save on fees, article HERE.

Likewise, but less complicated with cash ISA. Do you want a fixed or floating rate and how do you want to access it? Best Buy article HERE.

HTH.

rutters

sounds way too complicated for me...think I go for a cash Isa and a fixed rate savings bond.

bytheway if a bond offers say 6.85% gross..how much would it be net?

cheers

Ian_W

rutters wrote: »

bytheway if a bond offers say 6.85% gross..how much would it be net?
cheers

5.48% net of 20% tax deducted by the bank at source, if you're a higher rate tax payer you should declare the interest and pay a further 20% to HMRC bringing the effective rate down to 4.11%.

dunstonh

Or get an IFA to do it for you. If you cant do it yourself then use someone that can.