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I have a cash ISA that is maturing next week. Can I transfer a cash ISA to a Stocks and Shares ISA with another provider? Will I still keep my £20,000 annual allowances?
Shreekant |
UK |
18/10/2020 |
3
- Stocks and Shares ISA
- Cash
Anna Stoughton's Response
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Hi! All going well I will be selling my flat next month and will be left with a large sum. Do you have a recommendation as to where I could put this money to best use during that time?
Matt |
MLN |
18/09/2020 |
3
- Cash
- Online Investment Platforms
Anna Stoughton's Response
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Due to COVID-19, is now a good entry point in the market for someone who's never invested before? I am 24 and investing to buy a property in 5-10 years.
Ben |
London |
30/03/2020 |
11
- Stocks and Shares ISA
- Lifetime ISA
- Cash
Holly Mackay's Response
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It seems like a good time to invest during the coronavirus. Would it be a better idea to drip feed from cash into funds/stocks in case COVID-19 coupled with a hard Brexit means the markets drop further?
Malti |
London |
29/03/2020 |
8
- Stocks and Shares ISA
- Lifetime ISA
- Cash
Holly Mackay's Response
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During the coronavirus market crash, my deposit for a flat is shrinking in my Stocks & Shares Lifetime ISA - what can I do?
Sarah |
UK |
18/03/2020 |
0
- Stocks and Shares ISA
- Lifetime ISA
- Cash
Holly Mackay's Response
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Should I still make regular ISA and pension investments in the current COVID-19 turmoil? Or is it better saving to cash?
Andrew |
UK |
17/03/2020 |
5
- Private Pension
- Stocks and Shares ISA
- Cash
- Pension
Holly Mackay's Response
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I am confused about financial services compensation: I have a SIPP and an ISA with AJ Bell Youinvest, and am about to inherit a sizeable sum. I am already over the £85,000 financial services compensation limit. Should I be worried? Should I set up accounts with multiple platforms, to be covered by the compensation scheme?
Emma |
London |
22/07/2019 |
3
- Private Pension
- Stocks and Shares ISA
- Cash
Anna Sofat's Response
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I have opened my first Stocks and Shares ISA, and have a company pension on the new standard 5%/3% contributions. I have enough easy access savings to cover emergencies so I was wondering what would be a next good step, add to S&S ISA or open a SIPP for retirement?
Kevin |
Strathclyde |
14/06/2019 |
10
- Private Pension
- Stocks and Shares ISA
- Cash
Pete Matthew's Response
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I’m in my 30s and live in London. I have savings in cash but I’ve never tried any ISAs, stocks etc. before. I am looking for some suggestions as to the types of products I should use to begin investing. Instinct is telling me to keep 50% of my savings in a safe investment, 30% in a medium risk investment, 10% in higher risk, and keep 10% for emergencies. I’m making nothing keeping the cash in the bank!
Lisle |
London |
30/05/2019 |
5
- Private Pension
- Stocks and Shares ISA
- Lifetime ISA
- Cash
Tommy Watson's Response
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I'm 52 and want to retire at 55. I have a mortgage, but the interest rate is very low, and a Stock & Shares ISA into which I invest each month. The performance of the Stocks & Shares ISA has been mixed, and I'm nervous about Brexit/Trump/China. Should I pay off my mortgage or keep paying into the Stocks & Shares ISA?
Paul |
Glamorgan |
21/05/2019 |
1
- Stocks and Shares ISA
- Cash
- Mortgage
Lesley James's Response
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I've a Cash ISA with about £80k in it, so I'm considering moving £50k into a Stocks & Shares ISA. I'm 73, retired, married, a house-owner and would like to utilise my savings better. What would you recommend?
Barry |
Berkshire |
18/04/2019 |
1
- Stocks and Shares ISA
- Cash
- Online Investment Platforms
Helena Wardle's Response
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I am 52 with money languishing in a low savings account. Now I'm neurotic about entering into Stocks and Shares, due to seeing how many investors have exited the stock market thanks to Brexit, and with companies going bust etc. But I need to make my money work for me as my pension pot is low. Can I put the money into an Instant Access ISA and drip feed this into a Stocks and Shares ISA?
Helen |
London |
09/04/2019 |
2
- Stocks and Shares ISA
- Cash
Lesley James's Response
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I recently received an inheritance and it is currently sat in Premium Bonds. I'm looking to hopefully use the money to put down on a house in the next couple of years, but I'm currently going through a divorce which does affect my ability at the moment to get on the housing market. Is there any way I can make my money work harder for me, yet still ensure I have access to it in a couple of years?
Ben |
Avon |
12/03/2019 |
0
Helen Howcroft's Response
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I am in my mid 20s & earning a regular salary. I have decent savings and am toying with the idea of Wahed Invest (I am looking for shariah compliant funds). I am also dabbling with the idea of property. If I have no financial commitments (living at home for next 2 yrs), is it worth using 90% of my savings for a house deposit for buy-to-let purposes? I am thinking this would reduce my loan to value?
Zara |
West Midlands |
12/03/2019 |
0
- Lifetime ISA
- Cash
- Robo Adviser
- Mortgage
David Stone's Response
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From my retirement I received a lump sum of money and a monthly pension. I have £100,000 that I do not need for the foreseeable future... One of my main concerns with Financial Advisers are their costs... All I want is simply to see this money grow to its potential, sensibly and above inflation... Therefore my next thoughts are Stocks and Shares ISAs... My only concerns here are the current Brexit problems - I saw the FTSE drop this past week. I cannot find any information out there to assist with my decision making if this is certainly a good time to invest... I am aware that I can place £20,000 for this year. Come April 2019 I place another £20,000 and so on until the £100,000 has been utilised. Do I have to place it into the same fund or can I choose another different fund with a different company?... Please can you help to ease some of this burden, which has proved an awful part of my retirement and made me frightened to spend any money.
Katherine |
Derbyshire |
02/01/2019 |
0
- Private Pension
- Stocks and Shares ISA
- Cash
- Robo Adviser
- Online Investment Platforms
- Workplace Pension
Helena Wardle's Response
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The recent Metro article which Holly participated in has really inspired me and made me think that investing in shares is something which I would like to do. Unfortunately I am completely thrown about where to start. I would be grateful for any advice you could pass my way. Realistically, I would only have about 2k to invest, so any tips would be gratefully received.
Sarah-Jane |
London |
12/09/2018 |
3
- Stocks and Shares ISA
- Cash
- Online Investment Platforms
Holly Mackay's Response
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Any advice for two young people trying to get themselves a home? My girlfriend and I are saving for a house together. Currently house prices in our area are a ridiculous £300k. The max we can get from banks is about £220k, meaning somehow saving up a whopping £80k deposit. This would take us about 8 years (and house prices are increasing faster than we're saving!) That's not to mention solicitors fees, stamp duty, the cost of moving, furnishing the house, white goods, and any repairs or renovations. It all just seems impossible!!
Joe |
Buckinghamshire |
23/08/2018 |
0
- Stocks and Shares ISA
- Lifetime ISA
- Cash
- Mortgage
Kate Fitzpatrick's Response
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I have cash saved in ISAs and savings accounts - probably a 30% deposit on a property - first time buyer. I am at least 12 months away from getting a permanent job, so at least 12 months away from buying a property. What can I do with the cash in the meantime? Best just to leave it in cash for now, or invest a portion in stocks and shares ISAs?
Malti |
London |
25/07/2018 |
2
- Stocks and Shares ISA
- Lifetime ISA
- Cash
- Mortgage
Holly Mackay's Response
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I am very lucky to have just received a gift which I want to invest for our retirement. My husband and I aim to retire in around five years. We have 11 more years of school fees to fund, then hopefully university fees for two after that. I've put together a plan for us - can you have a look and see if it makes sense?
Fiona |
UK |
18/01/2018 |
6
- Private Pension
- Stocks and Shares ISA
- Junior ISA
- Shares
- Cash
- Online Investment Platforms
Holly Mackay's Response
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My mother is 84 and has around £35,000 in cash, realised when she moved to a smaller house. She would like to invest it and draw income that would be slightly higher than the natural yield - say around £2,000. What is the best vehicle for that please?
Ed |
Sussex |
18/09/2017 |
4
- Stocks and Shares ISA
- Cash
Boring Money's Response
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I have a delightful 12 year old daughter and she has just opened her first bank account. I am dreadful with money but I would like to know what I should teach her so that she does not pick up my bad financial habits. Do you have some top tips of things to teach our children so they are wise and responsible with money please?
Louise |
Greater London |
11/09/2017 |
1
Lesley James's Response
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I've got £20,000 from an endowment policy (astonishing, I know), and I'm looking into how best to invest to get a reasonable return without excessive risk. Any thoughts much appreciated!!
Penny |
Peterborough |
09/08/2018 |
1
- Stocks and Shares ISA
- Cash
- Online Investment Platforms
- Life Insurance
Boring Money's Response
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Could you be kind enough to let me know what would be the best instant access savings account for me? I would like any interest to be paid to me monthly. Thank you
Anon |
UK |
29/05/2018 |
0
Holly Mackay's Response