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Deloitte people today
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Pro
Don’t panic - play the long game. If you don’t need access to your funds immediately - don’t take them from where they are unless it is a strategic move. You can hedge by getting some USD or some other strong currencies such as CHF but don’t move all… savings at the moment = losing money… interest paid doesn’t even cover inflation so yes, move it to a Stocks & Shares ISA and leverage the tax free returns - but make sure you invest because leaving the money idle will not help!
Agree with above, play the long game as it should be with ISAs in my opinion. A stocks & shares ISA will pay off in the long run, better to just invest a set amount you can comfortably afford each month and let it do its thing.
Me three, now is the time to invest invest invest
Thank you all for your comments! Any recommendations for an ISA? I can see there’s lots of providers around, so wondering what people’s experiences are
Rising Star
Follow-on on above. Is there a single paltform through which I can buy invest in any ISA in UK?
Pro
I use Hargreaves Lansdown and I’m pretty happy with it!
Thank you both! Is it self managed only or is there the option for those automatic / guaranteed funds?
I use Vanguard which is pretty easy to setup and use
There’s pre made funds and you can choose those, or you can make your own funds too I’m pretty sure. Interface is pretty easy to use and understand