pom
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Post by pom on Mar 12, 2017 14:24:12 GMT
The problem at the moment is how few providers have committed to offering a LISA, which is perhaps unsurprising when the final rules have not yet been agreed. Moneyfarm look like a nice option for someone wanting tactical asset allocation. Another option for those comfortable with a fixed allocation is to simply hold Vanguard Lifestrategy or iShares Core MSCI World ETF with a cheap S&S platform like iWeb, where total costs would be less than 0.25% after the initial £25 account opening charge. Indeed the lack of options for LISA does rather hinder early adopters but in the name of compounding interest it's better to invest early rather than later, if at all. If the initial choice under performs at least the bonus will soften any blow and you could always transfer it to another provider later on when there are more options.
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mason
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Post by mason on Mar 12, 2017 14:50:26 GMT
One thing I'm not sure on- the government said all of the 2017/2018 bonus would be paid at the end of the tax year, but 2018/2019 monthly. So if you put in £4000 in April 10th 2018 would you get the 25% the next month, or just ~2% each month? If they slowly drip feed the bonus it would make it annoying to manually invest! With the caveat of, "the rules aren't finalised yet", my understanding is the bonus would be paid in full each month on qualifying subscriptions made in the prior month. We will see how this works in practice, but I imagine a well timed deposit would receive the bonus within a few days, allowing the whole sum to be invested for that year in one go. With discussions of various ETF alternatives to VLS, it's worth noting that VLS has significant home bias and a small amount of exposure to emerging markets, which the developed world ETFs lack. This could be viewed as a good thing or a bad thing depending on your preferences. Either, or both, could be added with an additional fund or two of course.
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Post by Deleted on Mar 13, 2017 19:41:21 GMT
I think the one thing I can't decide is how good the LISA deal is.
On one hand my brain says a free 25% is incredible and the free £1000 a year compounded until retirement will be a great total in itself.
Then again if I work out a XIRR rate on the basis of depositing the full 4k and getting 1k a year until 50, then holding until 60, it comes out barely over 1%, so is the whole thing a bit of a con.
My excel skills could do with more work, that much I do know!
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vmail
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Post by vmail on Mar 13, 2017 21:52:20 GMT
I think the one thing I can't decide is how good the LISA deal is. On one hand my brain says a free 25% is incredible and the free £1000 a year compounded until retirement will be a great total in itself. Then again if I work out a XIRR rate on the basis of depositing the full 4k and getting 1k a year until 50, then holding until 60, it comes out barely over 1%, so is the whole thing a bit of a con. My excel skills could do with more work, that much I do know! I got the same results. But that's excluding cash intrest or gains from S&S
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Post by investmentmarketplace on May 5, 2017 10:34:28 GMT
Hi guys We've created a guide for the Lifetime ISA - hopefully this answers some questions that you guys might have. learn.off3r.com/should-you-invest-lifetime-isa/As always, feedback is welcomed Cheers The OFF3R Team (this website contains affiliate links) |
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vmail
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Post by vmail on May 5, 2017 10:55:04 GMT
With Nutmeg you don't make money.
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vmail
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Post by vmail on May 5, 2017 13:02:22 GMT
Hi guys We've created a guide for the Lifetime ISA - hopefully this answers some questions that you guys might have. learn.off3r.com/should-you-invest-lifetime-isa/As always, feedback is welcomed Cheers The OFF3R Team (this website contains affiliate links) Whoever (Lily) wrote this article needs to be taken round the corner and *enter punishment here* for misleading people. Your website states Your website is just a fake information site where you can hide your referral links for your own benefit. If you are to continue doing this then please double and triple check your facts before you mislead people. Again, misleading people, What's this additional 5% early withdrawal charge? It is actually a 25% of the total contribution. So you lose your 25% bonus plus 6.25% of your original contribution. PS is Lily an 8 year old? The article is full of errors. Don't know how to use commas, any time is anytime. Actually Lily is 21 Edinburgh University Student. Anyway, time to report you for misleading people.
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jonah
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Post by jonah on May 5, 2017 15:30:17 GMT
PS is Lily an 8 year old? The article is full of errors. Don't know how to use commas, any time is anytime. Actually Lily is 21 Edinburgh University Student. If you are going to criticise errors, you might get called out on your own mistakes. I make no claims to grammar, spelling or punctuation expertise, but the two sentences above tickled my funny bone.
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mosaic
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Post by mosaic on May 5, 2017 15:41:08 GMT
PS is Lily an 8 year old? The article is full of errors. Don't know how to use commas, any time is anytime. Actually Lily is 21 Edinburgh University Student. If you are going to criticise errors, you might get called out on your own mistakes. I make no claims to grammar, spelling or punctuation expertise, but the two sentences above tickled my funny bone. If we are going down that route, I would suggest it may have been four sentences. Smiley, smiley.
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jonah
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Post by jonah on May 5, 2017 15:45:07 GMT
Touché  |
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vmail
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Post by vmail on May 5, 2017 17:12:49 GMT
The main point is the article it is misleading. Some of the information is factually incorrect.
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Post by Deleted on May 5, 2017 17:37:00 GMT
The main point is the article it is misleading. Some of the information is factually incorrect. This gem above from the man who says " The article is full of errors. Don't know how to use commas, any time is anytime" I'd suggest you could do with adding one yourself if we're getting comma critical ......
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vmail
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Post by vmail on May 5, 2017 18:30:44 GMT
The main point is the article it is misleading. Some of the information is factually incorrect. This gem above from the man who says " The article is full of errors. Don't know how to use commas, any time is anytime" I'd suggest you could do with adding one yourself if we're getting comma critical ...... My post passed the grammar checker.
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Post by Cashback Chaser on Jun 10, 2017 18:26:01 GMT
Which would be the best preforming LISA to go for? Hargreaves Lansdown, The Share Centre, Nutmeg, AJ Bell, Foresters Friendly or Skipton
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stevio
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Post by stevio on Feb 9, 2018 7:16:01 GMT
Does anyone know the rules about opening prior to 40?
ie. if you dont, do you miss out on ever opening one?
If you open one prior, can you open more after 40? Can you transfer after 40?
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