The Retirement Thread
2 lurkers |
172 watchers
1 Jul
6:02pm, 1 Jul 2025
28,521 posts
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Bazoaxe
I got nearer 5% for a 2 year fixed cash ISA at my bank. I dont think you can quite get that now though. I could have had more than 5% at a couple of places but I had issues making deposits with them one because my current account was too old to be recognised and one because the only other bank account I had was too new to be recognised
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1 Jul
6:51pm, 1 Jul 2025
35,847 posts
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Rosehip
I thought interest rates seem slightly lower for ISAs than savings at the moment, when shopping around for mum recently - pay monthly seem few and far between these days too, so not as good for tax-free income as they used to be Stocks ISA might have a bit of risk but pays much better. |
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1 Jul
6:54pm, 1 Jul 2025
28,522 posts
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Bazoaxe
It depends how soon you need the money. In 12-24 months you may not have as good returns as the guarantee in a cash isa. If the money is being saved for five years or more then the stocks and shares isa wins.
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1 Jul
7:42pm, 1 Jul 2025
7,655 posts
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bigleggy
Investment ISA with Vanguard. All goes into Global Equity Funds and does OK, even with the current President of the US. Has it's ups n downs of course but you just got to ignore the noise.
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1 Jul
7:44pm, 1 Jul 2025
81,664 posts
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LipGloss
I have a monthly saver account paying 6% interest. It’s only for a year and pay in a max of £250 a month. Better than nothing as I don’t have money I can really tie up at the moment.
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1 Jul
8:16pm, 1 Jul 2025
53,212 posts
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HappyG(rrr)
I have no savings or investments and haven't paid intoa pension for 6 years. Just wanted to join in the chat!  G
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1 Jul
8:23pm, 1 Jul 2025
26,031 posts
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Meglet
I opened a cash ISA in March as it was a good interest rate with a 6 month boost. As a self employed higher rate tax payer I save for my 6-monthly tax bills so I need access to savings. I did subsequently open a S&S ISA, it’s been interesting to watch it fluctuate. But I see that as much better for long term savings, you certainly don’t want an unexpected crash the week before you need to use the funds!
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1 Jul
10:27pm, 1 Jul 2025
34,014 posts
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Johnny Blaze
ISAs only increase. Stocks can go down as well as up. When you reach a certain age your risk appetite changes.
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1 Jul
10:55pm, 1 Jul 2025
1,331 posts
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OO62
Lipgloss, Lloyds have a 6.5% monthly saving account which sounds very similar. Best take the maximum cash rather than leave it in your DB scheme and get taxed on your pension. I think you'd look good in a Lamborghini @Velociraptor |
2 Jul
7:29am, 2 Jul 2025
8,499 posts
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ThorntonRunner
I used the 25% tax free sum to go fully electric - solar panels + battery, EV and air to air ASHP for heating. So we no longer have gas. This last year our total electricity bill was £1000 which included 9000 miles of car charging, and the air to air ASHP is effectively air conditioning which has been a real boon this last few days. The aim (apart from environmental factors) was incur up front costs to reduce ongoing costs through retirement. Wouldn't work for everyone but it's working for us. |
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FE accepts no responsibility for external links. Or anything, really.- Money Helper
- How Much is Enough to Retire On?
- Retirement Living Standards
- How much will you need to retire?
- Free Govt website for pension advice
- SIPP pensions
- ISAs
- Check your National Insurance contributions
- Check your state pension account
- Martin Lewis on pensions
- Support and advice for those widowed under the age of 50
- Power of Attorney information
- Making the most of your retirement
- 20 tips for a happy retirement
- Married Couple's Allowance
- Aviva guide to retirement planning
- U3A
- U3A Local Sites - map
- Make a Power of Attorney
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