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    • FIRSTTIMER
    • By FIRSTTIMER 11th Mar 18, 8:03 PM
    • 328Posts
    • 53Thanks
    FIRSTTIMER
    Advice Please - Planning for Future - LISA AND ISA
    • #1
    • 11th Mar 18, 8:03 PM
    Advice Please - Planning for Future - LISA AND ISA 11th Mar 18 at 8:03 PM
    Hi,


    Currently 33 and I am planning my future savings and wanted some advice. I have approx. £10k in cash savings and also no debts. I am looking to save approx. £600 a month long term from the new tax year onwards. As I have cash savings to access if needs be, I am looking at doing the following instead for better growth....


    £300 a month in a S&S LISA - long term investment that I will access at 60.
    £300 a month into a normal S&S ISA - one that I can access immediately and withdraw if needs be.


    Has anyone any advice on both. I really want both products to be those funds/investment/features which have minimal fees and are managed on my behalf as I really haven't got the time to keep moving money monthly to keep maximising my returns - can anyone advice on the best options/products.


    I have been looking at AJ Bell/Charles Stanley and Cavendish/HL - but could do with some MoneysavingExpert input!!
    Savings £10000
Page 2
    • FIRSTTIMER
    • By FIRSTTIMER 12th Mar 18, 9:01 PM
    • 328 Posts
    • 53 Thanks
    FIRSTTIMER
    Yes you're spot on - I am doing the first S&S ISA with Van60 first at the start of the the 18/19 tax year, then towards the end of it - once my confidence has been established with a S&S ISA, I will then open a H&L LISA and invest the full 4k before the 18/19 tax year and then start the £333 ish investment with them monthly..


    Can anyone gauge what costs I will be looking at between AJBell and H&L for a monthly subscription of £333 - which company works out cheapest? Ideally I will probably pick a fully active balanced managed fund (similar to lifestyle60) and leave it be.


    If that's approx. £7k cash saved per year £8k if you include government extra - I am looking at 64k invested from me in the LISA and around 75k in the S&S ISA - so hopefully 130kish invested from me resulting in a lump sum of 200k at least hopefully come the time I want to cash in......one can only hope!
    Savings £10000
    • FIRSTTIMER
    • By FIRSTTIMER 12th Mar 18, 9:02 PM
    • 328 Posts
    • 53 Thanks
    FIRSTTIMER
    Plus I cashed in my help to buy isa just into the start of this tax year - can I open a LISA this year as well?
    Savings £10000
    • FIRSTTIMER
    • By FIRSTTIMER 12th Mar 18, 11:11 PM
    • 328 Posts
    • 53 Thanks
    FIRSTTIMER
    Just opened it - to start in April. Plucked for monthly £125 for Lifestlyle 60 and £125 for Lifestyle 80. See how they do/compare as I go along this journey!
    Savings £10000
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