ISAs

[newts]

I use H&L for some of my investments. Once the money is in the main Isa account it's very easy to shift between different bank isa accounts &/or into stocks & shares isas all within the same H&L account. If you're investing for 5 years or more stocks & shares/etfs will outperform savings isa by a good margin, even in these turbulent times.

 

[vickster]

I use H&L for some of my investments. Once the money is in the main Isa account it's very easy to shift between different bank isa accounts &/or into stocks & shares isas all within the same H&L account. If you're investing for 5 years or more stocks & shares/etfs will outperform savings isa by a good margin, even in these turbulent times.

I use Vanguard for my current S&S ISA (across 3 funds) but maybe I'll look at H&L for this year (any suggestions on the best options there?)

 

[newts]

I use Vanguard for my current S&S ISA (across 3 funds) but maybe I'll look at H&L for this year (any suggestions on the best options there?)

Artemis global income fund has done exceptionally well since I bought 6 months ago, if you like it a bit risky!
We also use Vanguard after seeing it discussed on this forum a few years ago. H&L's main advantage is the easy cash ISA options all under a single ISA ring fence.

 

[vickster]

Nah not really up for much risk!

 

[gbb]

Artemis global income fund has done exceptionally well since I bought 6 months ago, if you like it a bit risky!
We also use Vanguard after seeing it discussed on this forum a few years ago. H&L's main advantage is the easy cash ISA options all under a single ISA ring fence.

Nah not really up for much risk!

Like Vickster perhaps, im inherently risk averse...and reading newts post above, it just confirms my thoughts, because I have NO idea what that actually means . Finances ( or big money as I call it)...confuddle me.
I (we, my late wife too) were both of the same mindset, risk averse and not very enlightened with such stuff.
But thanks for the input all....

 

[albion]

This is incorrect.

You can now open as many Cash ISAs and Stocks and Shares ISAs as you like every year, but you can only contribute the full amount (£20k) across all of them, not in each.

Its a 20,000 per year total cash ISA allowance up to 2027 when it reduces to 12,000 per year, for those under 65.
Transfer out an old ISA and that transferred ISA stays classed in the year it was created.

Most matured cash ISAs are best transferred out, banks relying on saver apathy for much of their profits.

 

[newts]

You could use an H&L account just for opening cash isas & moving them around different banks hassle free.
Full FSCS protection for your money.
https://www.hl.co.uk/savings/are-your-savings-safe

https://www.hl.co.uk/savings/latest-savings-rates-and-products

 

[albion]

You could use an H&L account just for opening cash isas & moving them around different banks hassle free.
Full FSCS protection for your money.
https://www.hl.co.uk/savings/are-your-savings-safe

https://www.hl.co.uk/savings/latest-savings-rates-and-products

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I am unsure what happens when money is in-between accounts, that looking 100% unprotected. However it may well be an ISA bypasses their in-between cash hub. Confusing and possibly very risky for everyone at each April time.

 

[nogoodnamesleft]

Re: Risk
I'm also risk averse but I do have some in "medium risk" investments. But I carefully check what they are actually invested in. eg I recently had Investment managers identify how much was invested in AI companies. I believe AI is a "bubble" that will probably deflate rather than burst as at present I can't see the income from the level of investment and operating costs. They ended up having to write over a page of A4 in reply (and minimal investment in AI as they'd already been reducing investments in US tech).