Both our cash Isa's maturing what should we do.

[gregs1959]

Hello.
Both mine and the wife's cash Isa's are maturing at the end of the month. £130,000 total.

Earlier this year we each started up a stocks and shares Isa. (Better late than never) Me with fund smith and wife with lansdown hargreaves each saving £500.00 pcm. I also put a £10,000 lump sum in mine.

Now what do we do with the cash Isa's. Tied up over last year at 1.40%. Now offering 1.10%.

Do I risk it for a biscuit excuse the pun and shove it all in the s&s Isa's and keep our fingers crossed.

Have a small pension that I've already taken £147.00 month - wow. I'm 58. Wife 50. No mortgage on house. Have a reasonably successful Small property portfolio that I suppose we have semi retired on.

Thanks in advance for any helpful comments.
Mark.

[Ginge R]

Mark,

Forgetting the type of investment or saving tactic for the moment, have you considered the pros and cons of investing into a pension? If Terry (Fund)Smith *is* the fund manager for you, you could still invest with him, but within the constraints and the potential benefits of a pension 'wrapper'. All investing carries its own risks don't forget - saving is, relatively speaking, absent of those unique risks. Do you need to invest, or is it appropriate anyway?

https://www.moneyadviceservice.org.uk/en/articles/...

[trickywoo]

If your circumstances allow the 20% HMRC 'clawback' on pension contributions, and given your age, maxing out your pension contributions are pretty much a no brainer.

[Hyena]

trickywoo said:

If your circumstances allow the 20% HMRC 'clawback' on pension contributions, and given your age, maxing out your pension contributions are pretty much a no brainer.

I'd describe it as rebate rather than a "clawback" !

But yes, immediate relief available at highest marginal rate of tax within a pension wrapper, and due to age, immediate availability if required. Only drawback is contribution limits.