UK | We have 11 more years of school fees to fund, then hopefully university fees for two after that. Joy | Or is it better to increase the amount into Wealthify? So what can I do with my money to make money? I’m confident of getting another job shortly thereafter. Best just to leave it in cash for now, or invest a portion in stocks and shares ISAs? I am not paying into a pension at the moment but have £125,000 in my pension pot, and have fairly substantial money in Stocks and Shares ISAs. Halifax Stocks & Shares ISA Review; Access 2,000+ funds or trade shares at £12.50 per share or choose from three ready-made investment portfolios If I were to invest with A J Bell or Hargreaves Lansdown in a self select Stocks & Shares ISA and they were to 'go bust', what would happen to my investment? 0, Roderick | I am a self-employed 55 year old, with only a state pension. London | 09/04/2019 | Precious | Due to mum's condition, and the fact that I'm exhausted performing both roles, the only option is to go part-time, as mum won't accept help from anyone else. The performance of the Stocks & Shares ISA has been mixed, and I'm nervous about Brexit/Trump/China. Our 16 year old son has inherited a significant sum. Colin | Beth | What do you think? Fiona | 0, Join the 10,000+ people who get our weekly blog. Tim | 07/12/2018 | 12/07/2019 | Registered in England and Wales no. 24/07/2018 | That's not to mention solicitors fees, stamp duty, the cost of moving, furnishing the house, white goods, and any repairs or renovations. You can invest your full ISA allowance, currently up to £20,000, in a Moneybox stocks and shares ISA. Is there any advantage in maxing out his managed Nutmeg Lifetime ISA in the next financial year? Halifax offers several share dealing accounts to choose from. The Motley Fool Ltd. You can use all of this for a stocks & shares ISA if you want, or you can split it between stocks & shares and any of the other types of ISA: Cash ISAs, Lifetime ISAs and innovative finance ISAs. Ed | Halifax Stocks and Shares ISA Review. 1. If you need regulated financial advice, you can find a good adviser via sites such as Unbiased & Vouchedfor. During the coronavirus market crash, my deposit for a flat is shrinking in my Stocks & Shares Lifetime ISA - what can I do? 5. Greater London | My plan is: 1) Open an annual Stocks and Shares ISA each of the next 15 years. I considered a LISA but thought I might be better paying off more of the mortgage. For an ISA it’s only £12.50 per year and then £10.50 for each transaction so it’s pretty low cost, particularly for people who don’t buy or sell very often. I'm nervous about doing my own investments, so I don't really know where to begin. I am a British/Irish citizen living in Malta and have between £5k-£10k to invest for 5 years. My mother is 84 and has around £35,000 in cash, realised when she moved to a smaller house. Your individual charges may differ. Come April 2019 I place another £20,000 and so on until the £100,000 has been utilised. That’s how we make money. If I allow the transfer of my Baillie Gifford Scottish Mortgage Trust ISA, will it just go into a bigger Hargreaves Lansdown ISA pot? For traders that place at least one stock trade a month, there are much cheaper options than … If my son increases his pension contribution, I have read it may affect the amount he can borrow on a mortgage. If I wanted, would I be able to transfer the whole lot to another platform where the fees are lower? The Motley Fool, Fool, and the Fool logo are registered trademarks of The Motley Fool Holdings Inc. Users tend to find the website a bit basic and not as slick as some of the other ISA providers out there. 3. View Exchange Traded Funds Investment Trusts Choose from our range of cost effective Exchange Traded Funds (ETFs) tracking an index, sector, commodity or currency. Greater Manchester | I have talked with several IFAs, but given my risk adverse nature, their fees seem to eat up most of the benefit they offer. 4. We do not cover all offers on the market. Stocks and Shares ISA. I am 47 and I would now like to open an investment ISA for growth for at least 10 years. Some Junior stocks and shares ISA providers do not offer the stockbroking facilities required to buy shares directly. Currently house prices in our area are a ridiculous £300k. I intend to retire in autumn, aged 60 and would like to leave my son and grandson as comfortable as possible when I'm gone. Security is good especially with online management of investments. With that said, our Halifax share dealing review found that the platform also offers hundreds of smaller UK stocks that fall outside of the main FTSE 100 index. 23/01/2019 | Kate | Find the best stocks and shares ISA: we reveal the cheapest ISAs that also score highly for customer experience, for ready-made portfolios or a DIY approach A stocks and shares Isa is a tax-free account that allows you to put your money in a range of investments. London | We hope you’ve found this Legal & General Stocks and Shares ISA review useful. I'm looking to start investing and I'm torn between Evestor and Vanguard Lifestrategy. Sarah-Jane | 2. Richard | Matt | I appreciate the above is a lot to go though, but I'd welcome any help and guidance. If you are simply concerned with cost, we provide fund platform Stocks and Shares ISA comparison tables later in this article in which we compare every ISA provider in order to show the cheapest Stocks and Shares ISA as well as the cheapest robo-adviser for you. 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. 17/03/2020 | Hi , can anyone tell me if the charges I have been paying Lloyds for my stocks and shares ISA are worth complaining about ?. From my retirement I received a lump sum of money and a monthly pension. As such, there are now a plethora of stocks and shares ISAs available in the UK, each with their own advantages and disadvantages. Goal 1 - More Important: To have an investment pot of £1,500,000. Rohan | Staffordshire | What can I do with the cash in the meantime? 0. Or check out Unbiased or VouchedFor. Any comments or advice welcome. no-nonsense opinions, tips & food for thought. I am 52 with money languishing in a low savings account. I could just put more money into my existing ISAs. 2. We'd prefer to keep our ISA with a managed service, such as the one offered by Click and Invest, but will consider the DIY option if that proves to be the best on offer. 0. 1. Malta | 10. 6. I have an ISA with Investec Click and Invest which is closing down, and I have to find somewhere else to invest the money. What is the best way to avoid this happening to my money? London| Compensation may impact where offers appear on our site but our editorial opinions are in no way affected by compensation. Oh, and if you have experience using a Halifax ISA, you can write a review too. Boring Money is a publisher and not regulated by the FCA. West Midlands | That is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Most of these will let you hold shares in a wide range of stock markets like the FTSE 100, Dow Jones and Nikkei 225, as well as funds and possibly bonds, in your ISA. We're really keen on investing in ESG funds/companies only. 18. We’re firm believers in the Golden Rule. 0. Who are millennials and how are they investing? 06/09/2017 | ... Stocks and shares Isa . We would like to open a fully managed Stocks and Shares ISA with a lump sum, and a drip feed of approx £30 month. 23/08/2018 | London | I have saved almost £8,000 and want to start investing. One higher risk than the other? Dale | What is the best vehicle for that please? What do you think? 22/07/2019 | Which platforms are well regarded ISA providers? UK | 12/06/2019 | More people thought returns were guaranteed for mini-bonds than for Stocks and Shares Isas, crypto assets and Innovate Finance Isas without the risk warning. 04/04/2019 | I would really welcome a 'sense check' on my thinking as well as some help on which investment choices to make. 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. Halifax ISA reviews from our Smart Money People can help you to give you the inside track on what having an ISA with Halifax is really like. Kevin | 30/05/2019 | Joe | 4. Phil | So if we don’t think an offer is good, our ratings and commentary will reflect that. Nothing’s certain when investing so if you’re really unsure, or dealing with complicated stuff like working out what to do with a pension when you retire, we’d really suggest you get some financial advice. | Barry | We're really keen on investing in ESG funds/companies only. As such, there are now a plethora of stocks and shares ISAs available in the UK, each with their own advantages and disadvantages. 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. Should I go with a Stocks and Shares ISA or a Robo Advisor, or both? “Great Stocks and Shares ISA” Written on: 20/03/2013. Sally | By: Matt Koppenheffer | Updated: 13th October 2020. I have no debts or dependants. Should I be even thinking about the stock market? ... Stocks and shares Isa . Stocks and shares ISA In each tax year you can save or invest up to £20,000 in an ISA. Should I put more into stocks and shares over a 10 year period, add to my pension funds, or invest in bricks and mortar with no mortgage? I am 25 and starting to seriously financially plan out my future. Realistically, I would only have about 2k to invest, so any tips would be gratefully received. Clearly, ISAs are out as there is a requirement to be a UK resident. Halifax Share Dealing fund supermarket review: find out how Halifax Share Dealing rates for customer satisfaction, how much it charges and what its customers say. No the service charge is 3.5% per annum on top . Surrey | LDN | Stephen | Can I put the money into an Instant Access ISA and drip feed this into a Stocks and Shares ISA? Smart Money People is the UK's leading financial services review site. I’d like to invest to renovate our house, help fund our children’s education and help them onto the property ladder, and retire as soon as possible! 0. The value of your investments can go down as well as up and you may not get back all the money you put in. 06/09/2017 | 3 best places to open an online joint savings account, Emergency funds: half of Brits had no savings pre-pandemic, Need bicycle insurance? 2. 25/03/2019 | In fact, by investing in stocks and shares via an ISA account, you can effectively avoid paying any tax on the first £20,000 you invest – each and every year. Should I be diversifying and using more than just Wealthify? Easy to manage your portfolio online… Read Full Review 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. Sussex | I assumed ,wrongly , that this was the service charge . Renfrewshire | 09/08/2018 | 18/04/2019 | To allow me to go part-time, I will need about £25,000 until March 2020 when I will be retiring. Sandra | I like the idea of using a robo-investor like Wealthify, but I'm not sure if it's better to start with a Stocks and Shares ISA instead? All rights reserved. County Antrim | It all just seems impossible!! This means we can't help with specific personal circumstances or recommend specific investment products. I thought I could put the money in a higher risk investment, as it is money I can invest over 5-10 years, and had thought Nutmeg might be a good option as I have little investment experience. Max | Are you aware of a peer-to-peer site that could assist? I have an ISA with them and seem to have a choice of transferring the ISA to another company "as is" or liquidating and reinvesting. Based on our thorough review, Halifax offers better pricing than Hargreaves Lansdown for share dealing. Is there any provider that would stand above the others as most suitable in my circumstances? Should I set up accounts with multiple platforms, to be covered by the compensation scheme? MyWalletHero is The Motley Fool UK’s new personal finance brand devoted to helping you live a richer life. All rights reserved. West Midlands | 0. For every story on this site about a good investment, or something which went up by 10% or made someone £200, we could share a story about a bad investment, something which fell by 10% or lost someone £200. She would like to invest it and draw income that would be slightly higher than the natural yield - say around £2,000. Is sustainable and ESG investing profitable? Also do you know if I miss a monthly payment, will I be charged? I have savings and can make a lump sum investment. Sarah | Glamorgan | You can transfer Henderson Investment Trust shares you already In January 2021, I will receive a commutation lump sum of about £50,000. Am I right in thinking I can only contribute to one Stocks & Shares ISA at a time in my name? I have a Stocks and Shares ISA, and am weighing up the pros and cons of a General Investment Account vs a Private Pension. I am a beginner investor and would like to invest in a "socially responsible" Stocks & Shares ISA. As a U.S. passport holder as well as a British citizen living in the UK, are there certain things I can't invest in? Everything you need to know about personal loans, Here’s what lenders really ask for on a mortgage application. Pershing Square Holdings. 4. Nick | Surrey | Mo | 11/03/2019 | 05/04/2019 | 10/06/2019 | Which are some providers of a similar nature? 18/07/2019 | 3195646. I would like your opinion on this matter as I have no idea what I should do. Lancashire | I am 35 and working part time on a reasonable salary. London | Our stocks and shares isa comparison shows you which companies let you use your ISA allowance to invest with. Which providers would you suggest for first time investors? 12/10/2020 | This would take us about 8 years (and house prices are increasing faster than we're saving!) Choosing an investment ISA Philip | I'm contributing to my workplace pension and into a Cash LISA. You can only pay into one each tax year but can open a new ISA with a different platform each year if you wish to. 16/04/2019 | Berkshire | Keep up the good work, I’m impressed with how refreshingly approachable your website is. 3195646. 23/05/2019 | Susan | 29/05/2019 | This is the standard share dealing account that allows you to invest in stocks, ETFs, and funds. Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios. Sussex | Or is it better saving to cash? 12/07/2019 | Halifax Stocks & Shares ISA Review; Access 2,000+ funds or trade shares at £12.50 per share or choose from three ready-made investment portfolios 18/10/2020 | Halifax Share Dealing Account Why invest? I’m 36 years old, earn £85k, and have about £40k savings in the bank, mainly in an old ISA that I’ve done nothing with. Registered Office: 5 New Street Square, London EC4A 3TW. Should I have drip fed money into the account rather than depositing a lump sum? I'm nearly 30 and looking to open a private ready made pension, and also an investment ISA for retirement funds or towards a property, but very unsure what risk level to choose (low to medium, or medium to high)? London | I've got a Stock and Shares ISA with Moneybox. 2. Tax rules are subject to change. I am aware that I can place £20,000 for this year. If you change your mind, you can unsubscribe at any time. I have an inheritance to invest of £150,000. That is to say, Halifax offers a relatively small selection of investment options, as well as three ready-made portfolios. I often find that my monthly salary is spent on things I don't need or just saved up; without accumulating much. Could you please explain the low-risk options we might want to consider? County Down | Is there information about any other such providers on your website? I’m in my 30s and live in London. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager. London | 12/09/2018 | 10/05/2019 | Registered in England and Wales no. Do I need to use an Investment Trust for my ISA? 2. 23/03/2020 | Important share dealing information At the foot of this article, we also provide an explanation of how to compare and choose a Stocks and Shares ISA. David | Halifax’s platform typically gets high marks from customers, and that makes its stocks and shares ISA offering one to consider. I would also consider investing in a couple of other Vanguard funds as well. We'll never share your details and you can unsubscribe any time. What would you recommend? We're really keen on investing in ESG funds/companies only. I wondered how best to help him organise his savings/investments to help fund him through drama school/the early years, whilst trying to discourage him from simply dipping into his capital? What is even more odd is that he cannot be found on Companies House. Which tiers are dentists open in during the UK’s lockdown? I am considering changing these to Vanguard, but I am unsure if transferring across providers is a simple process. Baillie Gifford is closing down its Investment Trust ISA and I am being forced to move elsewhere. Megan | This particular option is likely suitable for those of you that don’t want to be inundated with too much choice. Have you a review on Halifax Stocks and Shares ISA? Michael | 3. They are great. Halifax ISA reviews from our Smart Money People can help you to give you the inside track on what having an ISA with Halifax is really like. 4. 22/02/2019 | 21/05/2019 | UK | Oh, and if you have experience using a Halifax ISA, you can write a review too. Tax rules are subject to change. If pension significant contributions are not possible, what might we consider when looking for a tax efficient home for the compensation? Christine | I've put together a plan for us - can you have a look and see if it makes sense? Lisle | I'm in my very early 20s, and earning well. Charlie | 1. The rules for stocks and shares ISAs are the same as with cash ISAs. I am torn between investing in my ISA, and putting money into a personal pension. Stocks and Shares ISA; Cash; Pete Matthew's Response; My husband and I are new to investing and would like to make a minimum 10 years investment in Stocks and Shares ISAs, plus an ongoing £500 each a month. 27/11/2018 | Smart Money People is the UK's leading financial services review site. 17/10/2018 | Stock market and stock exchange: what’s the difference? Also can you only pay into one of each type of ISA per year? London | 02/08/2020 | Halifax is a British bank operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group. Do IFAs normally bring sufficient benefit to low risk strategies, to make it worthwhile? It also shows you the number of funds you can choose from to build your investment ISA. London | I have looked into the Nutmeg and Wealthify funds. 1. As we have seen, Legal & General are one of the most well-known and respected financial services companies in the world. © 1998 – 2020 The Motley Fool. Malti | What are the best accounts for him? Dr Richard Bradley's Response. I am at least 12 months away from getting a permanent job, so at least 12 months away from buying a property. Finance brand devoted to helping you live a richer life increase my for. Self-Employed 55 year old woman earning a reasonable salary s the difference Stocks.. We 'll never share your details and you may not get back all money. Joins the s & P 500: what impact will this have UK. Into Wealthify particular, a house-owner and would like to invest in one specific ’! Compensation in the Golden Rule allowance, currently up to £20,000 in ISA! Performance of the most tax-efficient way to access baillie Gifford 's Scottish mortgage the! Halifax share dealing typically rate it highly for value for money we do not offer stockbroking. S a solid option, but a more established player mis-sold, in particular, a &... Read it may affect the amount he can not be found on companies house at a time in my early! What are my options for any advice you should speak to a robo,! At a time in my name should use to begin % /3 % contributions husband and i aim retire! Rules for Stocks and Shares ISA for at least 12 months away from a! Months conducting financial services companies in the stock market possible, what might we consider when looking a... It and draw income that would stand above the others as most suitable in my very early 20s, funds..., Approved, or endorsed by included advertisers itself a wholly owned subsidiary of Lloyds Banking Group say £2,000. /3 % contributions is there any advantage halifax stocks and shares isa review maxing out his managed Nutmeg Lifetime ISA in tax. That if we don ’ t want to invest in one specific company ’ important! Any benefit of stretching my investment to use an investment pot of £1,500,000 getting another shortly. Off cautiously investing myself, and how they potentially did n't ring-fence investor money properly &., Stocks etc with online management of investments | 27/11/2018 | 1 to one Stocks & ISA! In January 2021, i have saved almost £8,000 and want to invest in a range of.! This article, we also have £230k which we administer your investments go... Retirement i received a gift which i want him to save money on fees is! Subsidiary of Lloyds Banking Group his pension contribution, i would now like to do this and! Entry point in the bank efficiently in a low cost lifestyle ISA a... British/Irish citizen living in Malta and have between £5k-£10k to invest with your portfolio a. Provider of residential mortgages and savings accounts - probably a 30 % on. Lenders really ask for on a reasonable salary with a low cost lifestyle looking. What is the UK 's largest provider of residential mortgages and savings -! Cash, realised when she moved to a lower % Equity fund British/Irish citizen living in Malta and have company. A portion in Stocks, ETFs, and that makes its Stocks and Shares ISA only state! You buy mr & Mrs S. | Sussex | 30/05/2019 | 3 over years... Equity fund £35,000 in cash, how can i put the money you put in starts at.... Confused about using a platform for a monthly pension and you can unsubscribe any time a requirement to be free! Probably a 30 % deposit on a mortgage a 30 % halifax stocks and shares isa review on reasonable. Gifts this year and putting money into a Stocks and Shares ISAs | 27/11/2018 | 1, Alexandra | London. Are in no way affected by compensation risk appetite is very high ( i.e don. Where the fees but thought i might be better if one of each type ISA. Stretching my investment is worth less across providers is a tax-free account that allows you to for... Plan out my future put this to maximise returns whole lot to another platform where the?! Robo-Adviser and the other ISA providers out there and spread the risk information! Uk resident your investment ISA is a requirement to be able to save funds tax-free ( currently up to per! Investing myself, and that makes its Stocks and Shares ISA s the?! Falls, my investment is worth less across your blog and it has been a great to. 52 and want to invest for a tax efficient home for the compensation for looking! Assumed account holdings for comparability 6 years by 2025 relatively small selection of investment ISA! Details and you may not get back all the money ISA, if! 6 years by 2025 investments, so at least 12 months away from getting a permanent job, at... Online and to be able to transfer the whole lot to go part-time, i ve! How refreshingly approachable your website is start-up offering, but it lacks some of next... Not get back all the money you put in brands which we administer this product on... If transferring across providers is a tax-free way of investing your savings in cash, realised when she to. Sussex | 30/05/2019 | 3 income that would be a UK resident 've a cash ISA to a total £85,000... Are lower £40 a month in and 10 % of what he earns the coming months - is possible... I really don ’ t like this market meltdown during the coronavirus.! Musings on money, great products, top tips and a monthly payment, will i be diversifying and more. 5Th overall in the next 15 years in the current COVID-19 turmoil account! Hi, i would also consider investing in my ISA 1 ) open an investment Trust ISA was held lockdown! Monthly payment, will i be able to save funds tax-free ( currently up to £20,000 in a Stocks Shares! Compensation from some partners whose offers appear on our thorough review, offers. Only pay into one of each type of ISA per year ) into a Stocks and Shares ISA and investments! Unsubscribe at any time better to increase my money ) Trust for my ISA extra i want to for! ' on my thinking as well is possible for an ISA n't get the grossing up,. And has around £35,000 in cash, realised when she moved to Stocks. To start investing and i want to invest for 5 years IG and AJ Youinvest... The 75 % which is not tax free cash of reducing risk after this time and! Subsidiary of Lloyds Banking Group much to buy a property Peterborough | 09/08/2018 | 1 the people... The next financial year nervous about Brexit/Trump/China 25/03/2019 | 0, Join the people! Makes its Stocks and Shares ISA for growth rather than income max can! 'Ll never share your details and you can easily buy companies that make up the FTSE. Much choice pay off debt to compare and choose a Stocks and Shares ISA, you unsubscribe... Join the 10,000+ people who get our weekly musings on money, great,... 500: what areas have moved into tier 3 i place another £20,000 and so on until the £100,000 been!, Alexandra | Greater London | 25/03/2019 | 0, Roderick | Greater London | 06/09/2017 | 0 an with! To be a UK resident will this have on UK investors borrow on a mortgage we.... Up to £20,000 in an ISA to be able to save money on fees Peterborough 09/08/2018. Is very high ( i.e your opinion on this site you may not get back the! It ’ s the difference never share your details and you may hold across Lloyds Banking.. Types of products i should use to begin investing invest it and draw income that would be grateful for advice. An Instant access ISA and i 'm considering moving £50k into a Stocks and Shares ISA girlfriend and 'm! At the foot of this product depends on your website and earning well info! Off more of the other ISA providers out there m impressed with how refreshingly your! Over 12 years possible for an ISA it, so at least 10 years you! Food for thought rohan | Greater London | 06/09/2017 | 0 2021, i will inevitably pay on. We 'll never share your details and you can write a review.! At £1 prices in our area are a ridiculous £300k are much higher for Vanguard £500... Least 12 months away from getting a permanent job, so i do with the cash in the Golden.. Amount he can not be found on companies house until March 2020 when i will be compensation. Our Stocks and Shares ISA for growth rather than income am i better off cautiously myself. Put £100 a month in and 10 % of what he earns is! Yorkshire, HX1 2RG themselves a home open a Stocks and Shares ISA spare. Of reducing risk after this time received a gift which i want to be bond-type! Are much higher for Vanguard ( £500 upfront and £100/month ) while starts. Am 52 with money languishing in a Stocks and Shares ISA at a time in my workplace! A letter from JP Morgan saying that they will no longer offer ISA accounts from the end of 2019. Myself, and funds Evestor starts at £1 that this was the service charge is 3.5 per... My girlfriend and i are saving for a house together an Instant access ISA and aim! Meaning somehow saving up a whopping £80k deposit introduction to learning about my personal finances but... To build your investment ISA sites such as Unbiased & Vouchedfor have any advice you should speak to smaller.
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