ian macdonald
151 posts


@MartinSLewis Stay with cash isa variable rates interest rates going up it can be moved stay away from isa stocks shares bad and will be volitle for some time
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ISA ISA baby. Time to stop, collaborate & listen to all you've ever wanted to know about cash & shares ISAs but were afraid to ask (incl best buys & top picks) before 5 Apr deadline. This & more in... podcasts.APPLE.com/gb/podcast/the…
open.SPOTIFY.com/show/6tsU1ycEN…
BBC.co.uk/sounds/brand/p…
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If you're one of those people who sees your credit score move by 12 points, swears and panics a bit - do give this a listen. Its not all what you think it is :)
Martin Lewis@MartinSLewis
Are credit scores real or nonsense? How to improve how lenders see you; mortgages, loans, cards, contract mobile phones & more. NEW POD. Plus energy bill news & when did you first feel grown up. Listen here podcasts.apple.com/gb/podcast/the… open.spotify.com/show/6tsU1ycEN… BBC.co.uk/sounds/brand/p…
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@Wicket_Weir @MartinSLewis Yeah wait till you claim it what yes ya pay into it for 37 years which the money has helped run this country which you have benifit Ed from it's my pension so two words fook off
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@MartinSLewis I find it bizarre that people over 65years can save up to £20000 tax free while claiming a State Pension which is a Welfare Benefit paid for by non pension age taxpayers
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Bizarrely I'm being attacked by a few for the cut in the cash ISA limit, even though I've been one of the people leading the charge AGAINST. I think its because I pushed for a carve out for older people. So I thought it worth explaining...
I think the cut in the cash ISA limit is the wrong solution to the right problem, that people in the UK, especially young people under-invest and over-save.
My solution would be carrot not stick. Better education, better access to guidance, and investment incentive.
After a series of meetings over the last year with govt where I strongly pushed that, as well as giving evidence to that tune at Treasury Committee, and publicly voiced my opposition to cutting the limit... a couple of weeks ago I knew the writing was on the wall - and the limit was almost certainly being cut (though i didnt know how much).
At that point I argued it was a perverse outcome especially for older people. The govt has always said the cut wasn't about raising revenue, it was about getting younger people to invest.
So I then argued, if you're going to cut the cash ISA limit, then doing it for older people, many of whom should be moving to be more risk averse didn't make any sense.
The policy now has cut the limit for under 65s, I suspect my voice along many others may have helped that. Within an overall policy move I disagree with I think this makes absolute sense.
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@SaulStaniforth This bloke should be gone as well Labour can do no wrong
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@ABC What a load of shite on here ya tell them that's the deterrent fooking hell are a you all mouses
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JUST IN: President Trump said he's ordered two nuclear submarines to move in the "appropriate regions" in response to what he called "highly provocative statements" from the Deputy Chair of Russia's Security Council Dmitry Medvedev. abcnews.link/vUVX6dP
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@SunderlandUK Been doing that for years while buildings fall apart
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We'll be targeting gum littering this summer thanks to a £26, 000 grant from the #ChewingGumTaskForce. Our focus will be on high footfall areas in Sunderland city centre.
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@MartinSLewis How foolish the markets are always in termoil and old folks don't handle it well stick to fixed or cash
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Rachel Reeves gave a statement on ISAs to the BBC today.
Reading between the lines its seems that, she is still considering announcing a cut specifically to the cash ISA allowance for new money (rumoured from current £20k down to as low as £4k) as part of Autumn Statement.
Done in the (I suspect mostly forlorn) hope people will shift to investing that money, as the investment (& total) ISA limit would stay at £20,000 or even rise.
In my view better investment education, communication and widespread accessible guidance would be a more effective way to the same goal. Here's what she said...
"‘I’m not going to reduce the limit of what people can put into an Isa but I do want people to get better returns on their savings, whether that’s in a pension or in their day-to-day savings.
‘And at the moment, a lot of money is put into cash or bonds when it could be invested in equities, in stock markets and earn a better return for people.
‘And so, one of the reasons why we’re looking at advice and guidance that financial firms can give to their customers is to make sure that people are making informed decisions about how to invest their money, whether that’s their pension savings, or their Isa savings.
‘So those are things that we’re looking at, but I absolutely want to preserve that £20,000 tax-free investment that people can make every year.’
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@AwkwardAndOdd I'm sure you would have liked him if he had been wearing a head umbrella cute eh
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@kaysircapalot Well ya not going to get one wearing your wedding ring on ya hand on photo
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@Rickster_75 Yeah and in my day as a kid I'd have fucking kicked the hell out of that
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@bria_110 The million quid I have in bank that they can't get at
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