uk.finance

Bitstring , from the
wonderful person JakeD said
>On Sun, 9 Sep 2007 21:07:33 +0100, GSV Three Minds in a Can
> wrote:
>
>>>That's not what he was after. He said he'd put the cash into savings
>>>account and was after advice on the 7K for a maxi-ISA. I think..
>>
>>Then why say 'the equity portion of the maxi ISA' if it is all equities
>>??
>
>Sorry for any confusion. What I had in mind was a maxi ISA because I
>thought it would make sense to get the maximum tax break on as much of
>my savings as possible. As I undestand it, I am allowed to invest £3k
>in cash and 4k in equities in any one tax year.
>
>Is one allowed to have all £7k of the tax-year allowance in equities?
>If so, I need to rethink about what I want. But I expect I'll still
>want just £3k in cash and £4k in equities.

Yes, you can put all £7k in equities.

or you can have two mini ISAs, one with £3k in deposits (eg Kent
reliance BS) and the other with £4k in equities.

Or you can (vainly) search for a maxi ISA (single wrapper) which gives
you a good rate on £3k cash and good dealing on £4k securities.

--
GSV Three Minds in a Can
9,423 Km walked. 1,827Km PROWs surveyed. % complete.