ISA Advice

india

I have £7,000 I would like to put away for 5 years or maybe more.
adding money monthly to this amount.
I was thinking of putting £3,600 in an ISA and the rest in shares.
So my questions are:

1. Is an ISA and shares the best option?
2. Which ISA is best? I was gonna do an Abbey Super ISA but there's been alot of negative views about Abbey.

Thanks in advance

dunstonh

1. Is an ISA and shares the best option?

ISA will be the obvious option as its tax free. What you put inside the ISA for investing though will be bit that is subjective and dependent on what you are after.

2. Which ISA is best?

That is too wide ranging to answer. You are going to have to narrow down what you want from the investments and the level of risk taken.

I was gonna do an Abbey Super ISA but there's been alot of negative views about Abbey.

Its not so much Abbey (although they probably do have the worst service record of all the banks). its the product. The Super ISA is an effect con. Its not really a con as you are given the terms before you enter into the contract. However, when you analyse it and compare it to other options available you realise it is very poor value for money.

india

That is too wide ranging to answer. You are going to have to narrow down what you want from the investments and the level of risk taken.

I would like to put the money away for 3-5 years and get the highest possible return.

dunstonh

I would like to pu the money away for 3-5 years and get the highest possible return.

That differs from your 5+ years in post 1. 3-5 years really suggests cash savings or deposit based products (like NS&I certs).

Everybody wants the highest possible return but risk based investing should be considered for periods in excess of 5 years unless you are a high risk investor.