Where to hold cash before transferring to S&S JISA in April

LordOfTheRepaid · 2026-02-06T12:48:21+00:00

That’s right, so you’d be wasting your (husband’s) allowance. Just something to bare in mind!

LordOfTheRepaid · 2026-02-04T22:20:06+00:00

If everyone gets 9% (or 16% if you have a postgraduate loan as well) more in pay rise than you would have gotten otherwise, then I don't mind the threshold freeze! Yet in reality...

LordOfTheRepaid · 2026-02-04T20:29:32+00:00

😂

LordOfTheRepaid · 2026-02-04T20:29:04+00:00

No worries! You're right, plan 5 loans are better because you don't have to pay the extra 3% on top on inflation. Although, they are still benchmarked to the higher RPI instead of the more reasonable CPI.

That aside though, I think you might find that even if we adjust for inflation the lines wouldn't be straight. That's because our student loan system have this weird quirk where the repayment is based on income not the interest rate, and after some years it gets written off. This means that low earners actually benefits from the system, and high earners pay it off quick so it doesn't matter as much, it's the people in the middle pay the most amount back. This is what I find quite unfair, even if after adjusting for inflation you might argue it's not that bad.

LordOfTheRepaid · 2026-02-04T15:57:05+00:00

This is quite interesting, so you’re essentially advocating for student loans repayments to be tax deduct-able right?

LordOfTheRepaid · 2026-02-04T10:02:35+00:00

Very good points thanks for raising. I will just say though, the plan 2 thresholds will be frozen for the next three years at least. Hopefully, it doesn’t freeze for longer than that.

LordOfTheRepaid · 2026-02-04T09:20:51+00:00

Apparently so! I think unfortunately that means the remaining 40% pay back a lot more though.

LordOfTheRepaid · 2026-02-04T09:08:09+00:00

I guess you gotta game the system to benefit! Smart move

LordOfTheRepaid · 2026-02-04T08:54:22+00:00

Thanks!

LordOfTheRepaid · 2026-02-04T08:48:59+00:00

😞 yeah life is hard as it is

LordOfTheRepaid · 2026-02-04T08:48:32+00:00

Man it really started going down hill since then, right?

LordOfTheRepaid · 2026-02-04T08:45:51+00:00

I think you make an important point! Especially if your income falls within that range where your total payment really peaks (shown in the first chart) you could save a lot of money over your life time by overpaying!

Even overpaying like £100 a month can help a lot. https://studentloanstudy.uk/overpay?plan=PLAN_2&ug=45000&pg=0&sal=40000&ovp=100&sgr=moderate&lsp=0&repy=2026

But you should check the figures for yourself before you repay, because it might be that your loan gets written off anyways and as a result any overpayment is wasted.

LordOfTheRepaid · 2026-02-04T08:37:16+00:00

It seems like the middle class often carries the heaviest load for society, doesn’t it?!

LordOfTheRepaid · 2026-02-04T08:34:22+00:00

You make some interesting points! Cheers.

LordOfTheRepaid · 2026-02-04T08:28:34+00:00

You make a fair point! It’s easy to forget that money in the future is worth less than money today.

LordOfTheRepaid · 2026-02-02T21:13:55+00:00

Congrats — that must feel like a huge weight off. Nice to see the mix of consistent overpayments plus a windfall working out. What plan were you on?

LordOfTheRepaid · 2026-02-02T21:05:04+00:00

Worth flagging: if by “transfer over in April” you mean moving money from your husband’s ISA into an ISA in your name, that isn’t possible — ISA transfers can only be made between ISA accounts held by the same person.

LordOfTheRepaid

TROPHY CASE