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  • FIRST POST
    • klew356
    • By klew356 15th Oct 19, 1:12 PM
    • 628Posts
    • 2,943Thanks
    klew356
    ISA - What to do
    • #1
    • 15th Oct 19, 1:12 PM
    ISA - What to do 15th Oct 19 at 1:12 PM
    Hello everyone,

    I have just successfully used a HTB ISA to buy my first home, I now have a bog standard savings account and no ISA, I have a work based pension. I am now keen to start saving again for the future, I donít think I am keen to use an LISA, what if I need the money and I loose 25%.

    I was just hoping if there were kind people out there that could give me an idea of what to go for next?
Page 1
    • eskbanker
    • By eskbanker 15th Oct 19, 1:17 PM
    • 11,669 Posts
    • 14,468 Thanks
    eskbanker
    • #2
    • 15th Oct 19, 1:17 PM
    • #2
    • 15th Oct 19, 1:17 PM
    How far in the future are you saving for?

    It may make sense to increase pension contributions for example.

    If you're happy to lock up the money for 5-10 years or more, consider investing, via a S&S ISA.

    For shorter periods, or if you do want to keep your options open (as implied) then stick to saving: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

    Cash ISAs may be part of the answer but probably not worth seeing them as automatically the right thing to do....
    • klew356
    • By klew356 15th Oct 19, 2:46 PM
    • 628 Posts
    • 2,943 Thanks
    klew356
    • #3
    • 15th Oct 19, 2:46 PM
    • #3
    • 15th Oct 19, 2:46 PM
    How far in the future are you saving for?

    It may make sense to increase pension contributions for example.

    If you're happy to lock up the money for 5-10 years or more, consider investing, via a S&S ISA.

    For shorter periods, or if you do want to keep your options open (as implied) then stick to saving: https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/

    Cash ISAs may be part of the answer but probably not worth seeing them as automatically the right thing to do....
    Originally posted by eskbanker
    Thank you for your reply, i have increased the contribution already and I was looking to increase it again in April but because I have only just purchased the house I want to see how its going with payments etc before I committed to anymore.
    I will check out that link to the savings account as I like to keep my options open
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