Is the coronavirus crisis a good time to start investing for the first time?

Question

Our Boring Money Best Buys tables will help you to decide – with £16,000 I suggest you look at AJ Bell Youinvest or Hargreaves Lansdown – both of which also offer Stocks and Shares Lifetime ISAs. Learn more here.

Holly Mackay · Accepted Answer

Hi Malti,

There are many platforms which will let you pay cash into the Stocks and Shares ISA account now, and then set up regular instructions to invest in gradual amounts over the coming months.

Most platforms will accept payment if you use a debit card – and the cash will get there on the same day as you process it.

Our Best Buys tables will help you to decide – with £16,000 I suggest you look at AJ Bell Youinvest or Hargreaves Lansdown – both of which also offer Stocks and Shares Lifetime ISAs too should you want to avail yourself of this down the track. You can always take the money out of the Stocks and Shares ISAs (NB not the Lifetime ISA where penalties will apply) if you want to.

Both these 2 platforms will let you set up regular buy instructions which will support you to drip feed in.

Hope that helps.

Holly