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Post by arch on Sept 2, 2014 20:00:32 GMT
Anybody with a few sovs in a Cash Isa will have seen the fall in interest recently. Nat West is down to 1%, I suppose others will be about the same.
Anyroad, even without the tax it aint as good as Santander 123 CA.
With the Santander 123 CA, you have to maintain at least 3 Grand to earn 3%
Nope, I’m considering drawing out a wedge from the NW Isa and banging it in the San 123.
Eg. 10 Grand in the Cash Isa is earning 100 squid a year.
10 Grand in the 123 will earn, less 20% tax. £240 a year.
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Post by nob on Sept 2, 2014 21:50:04 GMT
Got a natwest ISA and the interest is a joke. But its going to pay for next years holiday so I ain't too much bothered.  |
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Post by petersmyth1 on Sept 2, 2014 23:16:35 GMT
Eg. 10 Grand in the Cash Isa is earning 100 squid a year. 10 Grand in the 123 will earn, less 20% tax. £240 a year. Archie a really useful bit of advice provided one can lay their hands on £10,000. Unfortunately I spent my last £10 grand 9 years ago and I'm wondering why some financial expert, like you Archie, didn't tell me to invest that way when I had the money to invest. Mind you I did have money advisors then when the markets were worse than they are now and even then a £240 annual return on a £10 grand investment would raise far more laughs than actual money. Arch today a "safe" £10,000 property bond would annually raise far more,tax paid, than £240. A good private investor uses a bank to borrow from not invest in.  |
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Post by arch on Sept 3, 2014 6:07:36 GMT
Arch today a "safe" £10,000 property bond would annually raise far more,tax paid, than £240. Peter, you're missing the point as usual. I was merely pointing out the fact, the govt's once profitable tax free Isa can now be bettered with a tax paying account, so their raising it to 15 Grand a year is a cheap trick to con folk into investing more for less.  |
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Post by jal on Sept 3, 2014 7:03:56 GMT
I think Peter is just winding you up Arch  |
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Post by arch on Sept 3, 2014 7:32:52 GMT
I think Peter is just winding you up Arch The b  d
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Post by petersmyth1 on Sept 3, 2014 8:11:52 GMT
Arch today a "safe" £10,000 property bond would annually raise far more,tax paid, than £240. so their raising it to 15 Grand a year is a cheap trick to con folk into investing more for less. Arch the government doesn't set the ISA interest rate the bank does so don't blame the Government for the poor returns. |
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Post by nob on Sept 3, 2014 12:24:37 GMT
Sack Osborne then, |
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Post by petersmyth1 on Sept 3, 2014 14:00:10 GMT
Sack Osborne then, nob the government doesn't set the ISA interest rate the bank does so don't blame the Government for the poor returns. nob what bit of the above message don't you understand.  |
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Post by jal on Sept 3, 2014 14:14:33 GMT
Sack Osborne then, nob the government doesn't set the ISA interest rate the bank does so don't blame the Government for the poor returns. nob what bit of the above message don't you understand. I think it should read. nob what bit of the above message don't you agree with. |
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