The trouble is every UK Government project is ridiculously overcharged. How much is this please £1 million, it’s a Government contract oh in that case £2 million. A fail to see how many infrastructure projects can actually generate a return and profit.
Correct me if I'm being overly simple, but isn't the idea here to get pension funds to invest in infrastructure to save the government having to do it and lay out the cash?
Not sure how that will work in reality..
Well, when a big scheme collapses or is curtailed (like HS2) then the pension scheme members lose shed loads of money.
But the Government and public sector workers like teachers & nhs staff will be totally safe.
I'm all right Jack !
HS2 should really have been a no-brainer. Possibly even more so if investor is a Government Pension fund who can then take a stake in the revenue generating train company that uses the line and can guarantee long-term, stable income. More of an issue is how we allow ourselves to be ripped off in terms of costs in this country, a lot of which is down to planning restrictions. Have to see now whether those planned changes work and start bringing those costs down.
I just hope these easier planning rules don't mean local views and common sense are ignored. At the time I lived in a village where the original eurostar rail linl was proposed. The incompetence, lack of planning, intelligence and arrogance of the planners was unbelievable. Fortunately it got changed.
Correct me if I'm being overly simple, but isn't the idea here to get pension funds to invest in infrastructure to save the government having to do it and lay out the cash?
Not sure how that will work in reality..
Well, when a big scheme collapses or is curtailed (like HS2) then the pension scheme members lose shed loads of money.
But the Government and public sector workers like teachers & nhs staff will be totally safe.
I'm all right Jack !
HS2 should really have been a no-brainer. Possibly even more so if investor is a Government Pension fund who can then take a stake in the revenue generating train company that uses the line and can guarantee long-term, stable income. More of an issue is how we allow ourselves to be ripped off in terms of costs in this country, a lot of which is down to planning restrictions. Have to see now whether those planned changes work and start bringing those costs down.
I just hope these easier planning rules don't mean local views and common sense are ignored. At the time I lived in a village where the original eurostar rail linl was proposed. The incompetence, lack of planning, intelligence and arrogance of the planners was unbelievable. Fortunately it got changed.
Off topic so I won't ask for too much detail, but could I know the name of the village? I presume the line was shifted ? Was the shift a direct consequence of protests? (I ask mainly due to my Czech HS rail project)
Correct me if I'm being overly simple, but isn't the idea here to get pension funds to invest in infrastructure to save the government having to do it and lay out the cash?
Not sure how that will work in reality..
Well, when a big scheme collapses or is curtailed (like HS2) then the pension scheme members lose shed loads of money.
But the Government and public sector workers like teachers & nhs staff will be totally safe.
I'm all right Jack !
HS2 should really have been a no-brainer. Possibly even more so if investor is a Government Pension fund who can then take a stake in the revenue generating train company that uses the line and can guarantee long-term, stable income. More of an issue is how we allow ourselves to be ripped off in terms of costs in this country, a lot of which is down to planning restrictions. Have to see now whether those planned changes work and start bringing those costs down.
I just hope these easier planning rules don't mean local views and common sense are ignored. At the time I lived in a village where the original eurostar rail linl was proposed. The incompetence, lack of planning, intelligence and arrogance of the planners was unbelievable. Fortunately it got changed.
Off topic so I won't ask for too much detail, but could I know the name of the village? I presume the line was shifted ? Was the shift a direct consequence of protests? (I ask mainly due to my Czech HS rail project)
The village was South Darenth. Yes, in fact the whole route was changed. Hard to say how much effect the protests had but there were protests all down the route of the original line. House prices were blighted for some time.
I've got a couple of stocks and shares ISAs with different providers. Thinking of closing them both and sticking in a fixed term savings account. Any thoughts?
I've got a couple of stocks and shares ISAs with different providers. Thinking of closing them both and sticking in a fixed term savings account. Any thoughts?
Why would you think of doing this? Unless you're likely to want the money soon or have an unbalanced portfolio, stocks and shares are likely to better in the long term. Whether you have invested in a good place is another matter.
I've got a couple of stocks and shares ISAs with different providers. Thinking of closing them both and sticking in a fixed term savings account. Any thoughts?
It would entirely depend on your tax position, but losing the tax-free wrapper of ISAs is not something to be generally advised.
Best 1 year fix is currently around 4.5%, best 2 year around 4.3% - interest is taxable so assuming 20% tax rate that equates to 3.6% - 40% tax rate equates to 2.7% and that's for the 1 year fix. For the 2 year it would be 3.44% and 2.58% respectively. You should comfortably exceed that with a SS ISA but if you wanted to take out any risk then converting to a cash ISA would currently get best rate with 1 year bonuses of over 5%.
I've got a couple of stocks and shares ISAs with different providers. Thinking of closing them both and sticking in a fixed term savings account. Any thoughts?
Not sure what having them with different providers makes to your decision ?
Why do you want to come out the market & go into cash? Do you need the money soon ?
Also, dont take the money out as you'll lose the tax free advantage. At least transfer the money from one ISA provider to another ISA provider.. That way they will still be inside an ISA wrapper.
Whatever you decide based on your circumstances, like Golfie said above, do not take them out of the ISA wrapper. I can't see any situation where that would be beneficial.
Thanks all. I don’t need the money soon. I was just going through my finances today and realised I wasn’t actually doing anything with them. I got them a while back and had a bit of a play but don’t really know what I’m doing tbh. I’ll keep them and try to find some time to get my head round them. I have fixed rate savings accounts that have been boosting my income the last few years and I was just thinking of adding to them.
Thanks all. I don’t need the money soon. I was just going through my finances today and realised I wasn’t actually doing anything with them. I got them a while back and had a bit of a play but don’t really know what I’m doing tbh. I’ll keep them and try to find some time to get my head round them. I have fixed rate savings accounts that have been boosting my income the last few years and I was just thinking of adding to them.
If you are even anywhere near paying income tax then keep in an ISA wrapper. Whether that remains in stocks and shares or transferring to cash.
Thanks all. I don’t need the money soon. I was just going through my finances today and realised I wasn’t actually doing anything with them. I got them a while back and had a bit of a play but don’t really know what I’m doing tbh. I’ll keep them and try to find some time to get my head round them. I have fixed rate savings accounts that have been boosting my income the last few years and I was just thinking of adding to them.
If you are even anywhere near paying income tax then keep in an ISA wrapper. Whether that remains in stocks and shares or transferring to cash.
Thanks all. I don’t need the money soon. I was just going through my finances today and realised I wasn’t actually doing anything with them. I got them a while back and had a bit of a play but don’t really know what I’m doing tbh. I’ll keep them and try to find some time to get my head round them. I have fixed rate savings accounts that have been boosting my income the last few years and I was just thinking of adding to them.
If you are even anywhere near paying income tax then keep in an ISA wrapper. Whether that remains in stocks and shares or transferring to cash.
Sadly I pay income tax
So save yourself 20% and keep your money tax free, even as Rob says by transferring it to a Cash ISA. You must transfer it DO NOT CASH IT IN.
Thanks all. I don’t need the money soon. I was just going through my finances today and realised I wasn’t actually doing anything with them. I got them a while back and had a bit of a play but don’t really know what I’m doing tbh. I’ll keep them and try to find some time to get my head round them. I have fixed rate savings accounts that have been boosting my income the last few years and I was just thinking of adding to them.
If you are even anywhere near paying income tax then keep in an ISA wrapper. Whether that remains in stocks and shares or transferring to cash.
Sadly I pay income tax
I don’t know why people think it’s a bad thing to pay tax. Do these people expect everything for nothing?
Thanks all. I don’t need the money soon. I was just going through my finances today and realised I wasn’t actually doing anything with them. I got them a while back and had a bit of a play but don’t really know what I’m doing tbh. I’ll keep them and try to find some time to get my head round them. I have fixed rate savings accounts that have been boosting my income the last few years and I was just thinking of adding to them.
When you say not doing anything with them, they are still invested and growing I am guessing? You just don't have to do anything much to manage them?
Thanks all. I don’t need the money soon. I was just going through my finances today and realised I wasn’t actually doing anything with them. I got them a while back and had a bit of a play but don’t really know what I’m doing tbh. I’ll keep them and try to find some time to get my head round them. I have fixed rate savings accounts that have been boosting my income the last few years and I was just thinking of adding to them.
When you say not doing anything with them, they are still invested and growing I am guessing? You just don't have to do anything much to manage them?
Depends which fund(s) they are invested it. A US or global tracker then probably grown pretty well. A Bond fund not so much.
Thanks all. I don’t need the money soon. I was just going through my finances today and realised I wasn’t actually doing anything with them. I got them a while back and had a bit of a play but don’t really know what I’m doing tbh. I’ll keep them and try to find some time to get my head round them. I have fixed rate savings accounts that have been boosting my income the last few years and I was just thinking of adding to them.
When you say not doing anything with them, they are still invested and growing I am guessing? You just don't have to do anything much to manage them?
They seem to be growing but not as quickly as my Dad’s JP Morgan thing (now mine). I’ve probably got to study it all a bit more
Thanks all. I don’t need the money soon. I was just going through my finances today and realised I wasn’t actually doing anything with them. I got them a while back and had a bit of a play but don’t really know what I’m doing tbh. I’ll keep them and try to find some time to get my head round them. I have fixed rate savings accounts that have been boosting my income the last few years and I was just thinking of adding to them.
When you say not doing anything with them, they are still invested and growing I am guessing? You just don't have to do anything much to manage them?
They seem to be growing but not as quickly as my Dad’s JP Morgan thing (now mine). I’ve probably got to study it all a bit more
But unless you know what you are looking at or for it probably wont make much sense.
For example. You & your father's funds might both be invested in US stocks......but one is heavily into tech & the other not. The difference there will be just down to the individual funds.
The other example is that your father is in US stocks & you are in UK gilts. The difference there is that you are in completely different risk sectors and it would be like comparing apples to pears.
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Premium Bond prize fund cut again
Chaz Hill said: No real surprise I guess.
Why do you want to come out the market & go into cash? Do you need the money soon ?
Also, dont take the money out as you'll lose the tax free advantage. At least transfer the money from one ISA provider to another ISA provider.. That way they will still be inside an ISA wrapper.
You must transfer it DO NOT CASH IT IN.
For example. You & your father's funds might both be invested in US stocks......but one is heavily into tech & the other not. The difference there will be just down to the individual funds.
The other example is that your father is in US stocks & you are in UK gilts. The difference there is that you are in completely different risk sectors and it would be like comparing apples to pears.
Still a long way to go though.
£25 for me (on 27k) £200 for Mrs R7L on max holding. Zero for daughter on around £26k, father in law to follow.