Would you consider making a future video for late starters (over 40s) with a view angled toward an effective (as of 2024) = 25 year investment strategy please?
@Andy72668
6 ай бұрын
Good idea - Toby please!
@jacc88888
6 ай бұрын
Yes, great idea.
@Silverback.Timelapse
6 ай бұрын
Great idea, I'm 48 and only just started investing £200 per month in ftse 100 & s&p 500. Would be good to know other good options for getting the kids off to a good future.
@redemption5294
6 ай бұрын
@@Silverback.Timelapsewhat provider you suggest to go with for investing?
@Silverback.Timelapse
6 ай бұрын
@redemption5294 I've gone with vanguard, low fees and easy to use.
@epicchess2021
5 ай бұрын
Thanks for the video. Only thing I’d mention, as a U.K. person who’s spent many years learning all this as well as the hidden fees, is this doesn’t talk about the very nasty hidden cost of fx fees, which are horrendous on some platforms eg interactive investor, so if you buy an index fund denominated in dollars for example, even if you just regular drip feeding it’s horrendous in additional cost! I buy a lot of USSC you see. I’d love to see more financial KZitemrs talk about this because barely any day, eg a video title like ‘the nasty costs they hide from you’, thumbnail ‘the dirty truth’ , something to that effect haha
@Pegaroo_
6 ай бұрын
Can you do a video like this but for SIPPs please 🙏
@Subject8931
6 ай бұрын
For ii ive just learnt that the JISA, even though they're free to have on the account, when paying for one of their plans, doesn't add up to use for monthly payments. each investment into a fund cost £3.99 per transaction, per account. If you invest £50 p/m for 2x kids, that's 8% in fees each month per £50, per account, the costs dont add up unless you save up all year and perform one transaction. Might work out better if transferring large fixed amounts without regular savings. I've just opened HL accounts for the kids JISA accounts as they seem to be free as per the video. Thanks for sharing 😄
@tomswain2900
6 ай бұрын
This is awesome! Thank you Toby, hugely appreciated!
@TobyNewbatt
6 ай бұрын
Welcome hope it helps!
@tomswain2900
6 ай бұрын
@@TobyNewbatt The only problem I’ve found with Vanguard is the inability to purchase fractional shares. When you only invest 2 x £50 for two children a month, this can lead to quite a bit of cash not invested until you meet those thresholds to buy into ETFs. Does HL allow fractional purchases do you know?
@valerienewbatt9678
6 ай бұрын
Excellent video Toby
@riddlergorshin
6 ай бұрын
T212 where you at baby?😂. If t212 did a jisa and sipp…
@TobyNewbatt
6 ай бұрын
it's not worth the hassle for them tbh but I agree!
@Macrike
6 ай бұрын
I have my kid’s JISA with Vanguard and my own LISA with HL. I didn’t know they have a free JISA product, so I may very well consolidate to save money. Thanks for the tip!
@ShaneJackson
6 ай бұрын
Amazing this is exactly what I needed
@TobyNewbatt
6 ай бұрын
Welcome!
@TheShad0wMan85
6 ай бұрын
Hi Toby, the minimum amounts on vanguard only apply to initial deposit, after that there's no limit. I had this confusion and they confirmed on the phone.
@TobyNewbatt
6 ай бұрын
Useful to know thank you that explains things!
@ben_______123abc
6 ай бұрын
Can you "transfer" funds from a junior cash ISA to a junior stocks and shares ISA?
@valerienewbatt9678
6 ай бұрын
Fantastic video as always Toby
@jacc88888
6 ай бұрын
Very helpful video. Thanks!
@aturan-fo1qt
6 ай бұрын
Hi Toby, using both AJ Bell (jr SIPP) and HL (jr ISA), unfortunately their apps are rubbish and the UX designs are awful, not user friendly. In addition to your HL comments, HL doesn't allow index fund investment below £100 (except monthly subscription, it allows £25+). And if you buy ETFs, HL does not accept below 1 share (it means no fractional ETF buying), so it is not flexible.
@TobyNewbatt
6 ай бұрын
Thanks for the heads up - £25 a month is very cheap I;m not sure i'd put that as a negative point. Agreed the UX isnt great but its a free Junior ISA thats what the video is about :) I dont use them for my own ISA or SIPP - obviously thats a different story
@aturan-fo1qt
6 ай бұрын
@@TobyNewbatt I wish InvestEngine provides jr ISA&SIPP but they say there is no plan for near future.
@OfficialCcallum
5 ай бұрын
HL Sounds similar to Fidelity. I use Fidelity for my child's JISA, I don't find the app experience user friendly and for ETF's (maybe also for individual stocks) you can only buy whole shares. With the spare cash that builds up from the change of buying a whole share I'm strongly considering moving the JISA to HL so I could make the occasional ETF share purchase without a high fee. Currently Fidelity charge £1.50 for the regular investors plan and then £7.50 for extra shares purchased outside of the plan.
@aturan-fo1qt
5 ай бұрын
@@OfficialCcallum thanks for sharing
@samsungdisc52x
6 ай бұрын
1. Have opened one ISA account in HSBC ( LOY_ISA_Adv) ( In OCT 2023) and deposited 20000.00 GBP and withdraw 5000.00 GBP in March 2024 . 2. I opened one more Cash ISA in NatWest in March 2023 and deposited 20000.00 GBP 3. Have opened in March 2024 one more ISA account ( march 2024) and deposited 20000.00 GBP and withdraw all amount in one day in Halifax . Here my question is can i have any tax issues or penalties from HMRC as i have two ISA accounts with 20000.00 GBP amount in each account ? Requesting for your kind advice
@princhipehdesigns5922
4 ай бұрын
Great video, I like how transparent we you have been in the entire video, I was able to make a decision for my child now.
@javasports5348
4 ай бұрын
Cash isa paying just 3% of interest. Very little
@slabbygabby
3 ай бұрын
Can you do one on junior Sipps
@johnnyg3606
6 ай бұрын
With HL, do you have to buy complete units of funds (like Vanguard's FTSE Global All Cap), or would monthly investments of £100 purchase fractions of these each month?
@TobyNewbatt
6 ай бұрын
a mutual fund is not bought in complete shares like an ETF needs to be - so this is why £100 a month into a mutual fund would give you exactly £100 worth of the investment.
@timg1246
6 ай бұрын
Getting to grips with costs can actually be very complicated. Funds have a charge of about 1%. Depending on the size of the investment, that can easily outweigh the trading costs of buying ETFs.
@TobyNewbatt
6 ай бұрын
Indeed - even ETFS can have high fees too, it's really about active vs passive investing.
@Maria-tn5ig
3 ай бұрын
Can you only have one Junior S&S ISA or as a parent you're allowed several with different providers as long as it's £9000 investment in total per year. Thank you
@adrianl5899
Ай бұрын
Yes, children may have a maximum of 1 S&S Junior ISA. At the same time they can have 1 Cash Junior ISA, but 1 of each is the maximum. You can transfer an existing JISA if you wish to use a different platform.
@pravsamra7537
5 ай бұрын
Thanks Toby. Can you have multiple JISA with different providers similar to new adult ISA rules?
@TobyNewbatt
5 ай бұрын
No just one of each im afraid - one junior cash isa and one junior stocks and shares isa 👍
@travellerseko
2 ай бұрын
Hi mate, No one makes video about Junior SIPP providers. Any plans in the future?
@TobyNewbatt
2 ай бұрын
they dont get any views I'm afraid - but maybe a brief video at some point.
@travellerseko
6 ай бұрын
Definitely great video. I’ll open JISA with HL as it is completely free.
@javasports5348
4 ай бұрын
Ia ir free if you buy stocks ? Do they pay fees?
@robertsoso7093
6 ай бұрын
This is great video Toby, I’m actually going to get an junior isa for my little one, She is 3 now and this is going to be a great gift for her 18 bday Thank you for the review of those providers
@TobyNewbatt
6 ай бұрын
Glad it was helpful!
@manimat9994
6 ай бұрын
Hi tobbi can u pls make video about junior SIPP pls
@TobyNewbatt
6 ай бұрын
Might be one for the new tax year thank you
@darrenb1522
6 ай бұрын
I haven't checked recently if there others but Fidelity do a Junior SIPP with no charges as long as you invest in Funds. (similar to their JISA)
@robertmills4591
6 ай бұрын
Ah man! I just opened one last week for my daughter. I'm very glad you came to the same conclusion as me!
@TobyNewbatt
6 ай бұрын
Nice one 😎
@massive_crypto7126
6 ай бұрын
Would be nice also to know what happen to ISA , JISA in case moving out of the uk after many years of investing.
@adrianl5899
6 ай бұрын
Google 'Individual Savings Accounts (ISAs) If you move abroad' and you'll see the relevant information on the gov website
@TobyNewbatt
6 ай бұрын
This is the answer (Gov source below) If you open an Individual Savings Account (ISA) in the UK then move abroad, you cannot put money into it after the tax year that you move (unless you’re a Crown employee working overseas or their spouse or civil partner). You must tell your ISA provider as soon as you stop being a UK resident. However, you can keep your ISA open and you’ll still get UK tax relief on money and investments held in it. Source: www.gov.uk/individual-savings-accounts/if-you-move-abroad
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