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Stocks n Shares ISA

Grey area question , one jimmy Carr would like
Family member has a S&S isa bout £29k, but wouldn’t mind cashing it in as may need money in year time. We have cash in er indoors pension , is there an issue if give them the cash equivalent then we just use the S&S ISA in a few year time when it is needed . ?
 

Fletch said:
Grey area question , one jimmy Carr would like
Family member has a S&S isa bout £29k, but wouldn’t mind cashing it in as may need money in year time. We have cash in er indoors pension , is there an issue if give them the cash equivalent then we just use the S&S ISA in a few year time when it is needed . ?
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Have a guess :D
If the family member needs the money in a year and is worried what might happen can they not transfer to a cash ISA or easier leave it in S&S ISA but put it in a STMM?
 
GordonMuchallNo1Fan said:
Better than a kick up the arse. £924.77 paid to me by Nationwide this morning tax free on one of my ISAs which I've transferred into a 4.35% ISA. A lot of people still don't make use of the higher saving rates.
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Fine if your happy with that sort of return, but your letting good returns slip away not buying funds within your ISA wrapper.

One fund I’m invested in showing a 37.3 % return in the last 12 months to date.

Better than a kick up the arse isn’t the right attitude when investing , in effect it’s costing you.
 
buster said:
Fine if your happy with that sort of return, but your letting good returns slip away not buying funds within your ISA wrapper.

One fund I’m invested in showing a 37.3 % return in the last 12 months to date.

Better than a kick up the arse isn’t the right attitude when investing , in effect it’s costing you.
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Only if you dont mind losing a bit
Could go the other way quite easily
 
Mantobar said:
Only if you dont mind losing a bit
Could go the other way quite easily
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I take the long term view that the bumps outweigh the dips .

That particular fund has been + 2.77
- 3.33
+ 18.82
- 7.63
+ 37.70

Over the last 5 years

I get out and reinvest into different funds if they stop performing at a reasonable rate , but keep on top of it , I’ve lost on a few funds overall but I’m not interested in funds that don’t return even the rate of inflation, I want my money to work harder.
 
Mantobar said:
Only if you dont mind losing a bit
Could go the other way quite easily
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I see it as a choice between a high chance of winning in the long term with investments against likely to lose with cash savings

I would always have 3-6 months of living costs in cash but beyond that it doesn't make sense not to have everything else in investments.

Waiting for the US markets to close today but I suspect my accounts will have risen more today than they would have done in months in cash. Yes, there will be a few bad days along the way and shares go down quicker than they rise but overall the trend is upwards.
 
Darlo1973 said:
I see it as a choice between a high chance of winning in the long term with investments against likely to lose with cash savings

I would always have 3-6 months of living costs in cash but beyond that it doesn't make sense not to have everything else in investments.

Waiting for the US markets to close today but I suspect my accounts will have risen more today than they would have done in months in cash. Yes, there will be a few bad days along the way and shares go down quicker than they rise but overall the trend is upwards.
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Ive always been cautious tbf but its lead me so i can retire aged under 60 next year
 
Been asked to set up sipp for my brother ,I’m already with AViVA for my workplace pension ,anyone know if a sipp is easy to set up on the AViVA app
 
jaraarrow said:
Been asked to set up sipp for my brother ,I’m already with AViVA for my workplace pension ,anyone know if a sipp is easy to set up on the AViVA app
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Should be easy to set up but I don't think you can do it for someone else. They would have to do it themselves.
 
FishburnMackem said:
Whats the crack with people's recent investments then?

I pulled all my dosh out of the S&P a few months back for a big purchase but have a few grand leftover so wanting to start saving now for retirement.

I'm thinking stick £333 a month away into my T212 S&S Isa to hopefully make some good profits over each year then stick £4k in my Lifetime Isa every March to get the government's 25% bonus.

S&P500 would typically be a good shout but with Russian Sleeper#1 as POTUS who knows where money will be safe.
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Put the £333 in Vanguard Lifestrategy 100.

I assure you that whatever happens in the world it'll be up significantly by the time you retire. If it isn't, we'll all be dead or nuclear war has genuinely happened, so it won't matter. I'd bet everything in my own pension pot that you'll be fine.

It's good that people are aware of the risks of investing but in real terms as long as you're sensible the chances of losing out in the long-term are much smaller than many people think.
 
Horatio Moustache said:
Put the £333 in Vanguard Lifestrategy 100.

I assure you that whatever happens in the world it'll be up significantly by the time you retire. If it isn't, we'll all be dead or nuclear war has genuinely happened, so it won't matter. I'd bet everything in my own pension pot that you'll be fine.

It's good that people are aware of the risks of investing but in real terms as long as you're sensible the chances of losing out in the long-term are much smaller than many people think.
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Yup. A lot of people overcomplicate things by trying to outguess the market. Just set up a monthly direct debit into a global fund and then forget about it.

Might be worth switching to more bonds as you approach retirement (I've gone down to the LS 80 fund) but otherwise boring is good.
 
If i wanted a SIPP, is the most efficient way to keep having it go into my workplace pension then do a transfer from there to the SIPP? (As the pension is paid in pre NI & tax). That also means I don't have to do tax claim each year on the SIPP?
 
Shambo said:
If i wanted a SIPP, is the most efficient way to keep having it go into my workplace pension then do a transfer from there to the SIPP? (As the pension is paid in pre NI & tax). That also means I don't have to do tax claim each year on the SIPP?
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Yes. As long as there aren't any transfer fees.
 
jaraarrow said:
He’s going to be there just have to enter his details in the app on his phone I would have thought
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In which case it should be easy enough for him. You don't need to do anything.

However, just because you are with Aviva for your workplace pension doesn't mean that it is right for him for a SIPP.

You must be logged on to see external links
 
Shambo said:
If i wanted a SIPP, is the most efficient way to keep having it go into my workplace pension then do a transfer from there to the SIPP? (As the pension is paid in pre NI & tax). That also means I don't have to do tax claim each year on the SIPP?
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Providing they allow partial transfers
 
Probably a numpty question but I have a reasonable wedge in an Invesco S&S ISA that has given me very good returns over its 20 or so years.

I’m just about to chuck a10k lumper in and as it has done before it’s asking which funds I want to use. I normally just blindly follow the advice I can’t remember getting when I set up the ISA and use the same funds as I’ve had since the start.

If I want though to be an international playboy even quicker how do I work out which of the 100 or so other invesco funds I should use without the faff on of having to speak to a human and get proper advice.
 
Feed the Monster said:
Probably a numpty question but I have a reasonable wedge in an Invesco S&S ISA that has given me very good returns over its 20 or so years.

I’m just about to chuck a10k lumper in and as it has done before it’s asking which funds I want to use. I normally just blindly follow the advice I can’t remember getting when I set up the ISA and use the same funds as I’ve had since the start.

If I want though to be an international playboy even quicker how do I work out which of the 100 or so other invesco funds I should use without the faff on of having to speak to a human and get proper advice.
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This is the sort of thing that ChatGPT/Gemini etc can be good at. It won't give you financial advice but give you more information which can help you decide based upon your risk profile, geography (UK vs US vs RoW), investment horizon etc

As with all AI chatbots the secret is in how you ask the question.

Try this to start "I am looking for an Invesco fund for my ISA contribution this year. Ask me any questions you need to narrow my choice down"

​

 
Well I took the plunge and removed my original investments in GGP out and left the rest for a free run. Well happy 😊
 
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