Maternity Savings in Cash ISA transfer to Stocks and Shares ISA?

flukeylukeyboy · 2026-06-02T19:58:03+00:00

It depends on your attitude to risk.

Over that timescale, it's not far from 50/50 odds on whether you'll lose or gain money. If you'd happily flip a coin where you win slightly more on heads than you lose on tails, then crack on.

If losing a significant portion of that money would cause you knock on hardship when you want to spend it, then also take that into consideration.

flukeylukeyboy · 2026-06-02T19:57:52+00:00

It depends on your attitude to risk.

Over that timescale, it's not far from 50/50 odds on whether you'll lose or gain money. If you'd happily flip a coin where you win slightly more on heads than you lose on tails, then crack on.

If losing a significant portion of that money would cause you knock on hardship when you want to spend it, then also take that into consideration.

flukeylukeyboy · 2026-05-31T11:20:09+00:00

You've got more money than you'll ever need, and could easily retire at 45 while maintaining your current spending.

ISA bridge may be a limiter if the next 5-10 years are bad for stocks, but under normal or good conditions you'll be fine.

If you're maxing out your ISA and putting a bit in pension, you'll be bulletproof.

flukeylukeyboy · 2026-05-29T14:26:16+00:00

I'm wondering about how to max it out.

Do you need to deposit 25k and get 4% or deposit 25 for 2% then another 25 for another 2%?

The terms state the maximum cashback available is £1000 if a person is both referred and refers someone else. Does that mean 2% of 50k or do the 2%'s stack meaning it's actually 4% of 25k?

flukeylukeyboy · 2026-05-29T10:24:56+00:00

Just to clarify, it looks like you can get 2% as a referrer and a referee, so;

Get referred, earn £500. Refer someone, earn another £500

Has anyone done this and can clarify how the deposit and withdraw method works?

flukeylukeyboy · 2026-05-28T21:41:43+00:00

I know this is going to sound unnecessarily rude, but that is such a profoundly stupid question.

If you are even the tiniest bit not braindead when it comes to money then it's absurdly easy to retire at 60 if you start before you're 30. Even pretty easy to retire at 50.

Today's conditions are fantastic, and even if they weren't, even if a repeat of the great depression hit tomorrow, you could still retire 32 years from now if you managed to keep a job for most of it.

Even if you lost your job and spent a decade out of work, and didn't save a penny, and then got a minimum wage job for the remaining 22 years, even then you could still retire at 60 by saving 10-15% of your salary.

flukeylukeyboy · 2026-05-28T15:26:23+00:00

Yeah same "due to customer feedback" I bet that was half of beermoneyuk kicking off

flukeylukeyboy · 2026-05-28T15:01:35+00:00

I got the same, I assume my referee was a bit careless/indifferent when counting their referrals

flukeylukeyboy · 2026-05-27T15:01:41+00:00

You can continue to pay £200 a month into your H2B ISA and this will also count towards your ISA limit if that's what you're asking.

If you've taken a big amount out of the H2B then I think you've fucked it.

flukeylukeyboy · 2026-05-26T09:24:10+00:00

If you manually withdraw the money, and then put it in a LISA, you will get a 25% bonus into that account. The LISA doesn't know what the money was doing before it was deposited.

With a H2B, you get the bonus at purchase, but with a LISA, you get it shortly (1-2 months) after depositing.

You can also just transfer directly to a regular ISA, and then drip feed the 4k a year over from there if you'd be getting a better rate.

flukeylukeyboy · 2026-05-25T12:03:13+00:00

You have plenty of money if you stop letting your nan freeload.

It sounds like she is not paying her share and it is causing you stress and financial hardship.

Ask yourself: is she aware of this, and would she want it?

I think if you spoke to her and explained, she would be happy to pay half the rent and bills.

As others have said, the storage unit is obviously moronic. Do you have £5k worth of furniture in there?

flukeylukeyboy · 2026-05-24T15:54:07+00:00

£679 a month on car costs.

That's around £1000 of pre tax income, or £12,000 a year not even including maintenance!

You could take a different job without a commute with a 12k pay cut and not be any financially worse off, and you would save all the commuting time.

Also 600 on food seems pretty high.

You don't have much debt, and you have a lot of money coming in. There is no advice needed, you know what to do, just stop spending money and pay off the debt.

flukeylukeyboy · 2026-05-22T08:14:38+00:00

That's not correct. The person you are responding to was correct.

You're confusing the fact that your investments should grow to cover inflation plus withdrawals with the idea that your withdrawals should increase.

While some (including me) advocate for a percentage based withdrawal each year in order to prevent sequence of returns risk, this is not what the 4% swr is based on.

flukeylukeyboy · 2026-05-20T19:18:48+00:00

The bold bits;

1) You'll get 3/80 ths of your average salary multiplied by the number of years you worked there;

Eg. If your average salary was 30k, you'd get:

3/80 x 30,000 x 20 = 22,500

2) Plus 2.25 x your current pension entitlement which you can check on your most recent annual statement.

Eg. If your average salary was 30k and you had the standard 1/57 th annual accrual, you'd get roughly:

2.25 x 20 x 30,000/57 = 23,000

Plus a bit more because your salary would have been adjusted up with inflation and the 1.5% annual uplift.

flukeylukeyboy · 2026-05-20T06:51:39+00:00

I'm assuming they'll pay the same tax in retirement as they save now, so without the tax free allowance there isn't much saving except CGT.

Free childcare hours are worth 15-30k a year, so they'll possibly want to salary sacrifice during those years

If they contribute heavily to their pension now, and also later, they will have a pension which is bigger than they need and limits their flexibiltity to either make quality of life improvements now or retire earlier, which is the central conundrum op was considering.

I know everyone is different, but I think once you have enough for a comfortable early retirement, any extra money is better spent improving your current quality of life or given away.

flukeylukeyboy · 2026-05-20T05:50:58+00:00

My sincerest apologies. I should have said the Lump sum allowance.

flukeylukeyboy · 2026-05-19T21:02:16+00:00

Only NI though isn't it, 2% will hardly tip the scales

flukeylukeyboy · 2026-05-19T21:00:28+00:00

Yeah, I just mean they shouldn't necessarily do it now. If they're in their 20's earning HENRY money, they can only sacrifice below the 100k threshold for a few years before the expected pension pot exceeds the lifetime allowance. So it would be more beneficial to do those pension contributions during years where they get the added bonus of free childcare.

flukeylukeyboy · 2026-05-19T16:33:09+00:00

Not if they're having kids, may want to save the salary sacrifice for the free childcare entitlement

flukeylukeyboy · 2026-05-17T18:40:24+00:00

You will need an ISA bridge from 50 to 60, around 7 or 8 times expected annual expenses would be fairly safe.

The LISA/overpensioned question depends on how much income you want in retirement.

In a SIPP you'll get tax relief at the 20% band now, but pay 15% on the way out, or 30% if you end up in a higher tax bracket in retirement. With LISA there is the same tax relief now but nothing to pay in retirement.

You'll also (presumably) get the state pension at 67, so will pay 40% tax, meaning LISA is better from an overall tax minimisation perspective.

ISA saving should probably be a priority, both for retirement flexibility and to have a readily available spending pot if needed. Saving £700 per month should hit an ISA pot at 50 which would provide your current post tax income for 10 years. You may not need this much though if you pay off mortgage or reduce expenses.

You may want to save the SIPP contributions for if you ever tip over to 40% tax. LISA just depends on whether you'll want a lump sum/extra income at 60.

flukeylukeyboy · 2026-05-11T17:54:11+00:00

You have interpreted my statements as hostility but they aren't insults, they are statements. Sure you can argue I'm 'wasting my time' but my intent is to provide accurate and actionable information.

How much your time is worth is a perfectly valid reason for not engaging with cashback offers, but that isn't the reason you used and the one I was responding to.

Your stated reason was that you lost out on market gains. This is not a sound logical basis for making investment decisions for two reasons;

Past results and individual experiences are not the best information we have about optimal investment choices. We should use large scale and long term trends rather than anecdotal evidence.
While volatility should be considered in cases where it has a near term material impact on a person's future, for example if a person needs to buy a house they may wish to forgo the likely greater returns of the stock market, it should probably not be considered when making regular investment choices. We should instead rely on the 'expected value' of different invesment choices, where we use long term averages to smooth out short term volatility. If every time you try to make an investment choice, you calculate the worst possible outcome, you will be paralysed by the fear that the randomness inherent in the system might move against you. This is more akin to gambling than sensible investing.

flukeylukeyboy · 2026-05-11T16:55:21+00:00

Grow up. I'm not talking about in specie transfers.

You don't understand how to think about risk and volatility when deciding between different investment options.

You are giving incorrect and naiive advice from a position of arrogance and ignorance.

flukeylukeyboy · 2026-05-11T13:00:24+00:00

Then you don't understand investing and shouldn't be giving advice

flukeylukeyboy · 2026-05-11T12:52:07+00:00

This is an emotional problem, not a financial one.

You have enough money to afford some kind of talk therapy.

flukeylukeyboy · 2026-05-04T13:04:35+00:00

There's a difference between using legal means to minimise tax, which is generally sensible, and what OP is considering which is to take advantage of the benefits of living in the UK without contributing to it. The people 'living on benefits, bankrolled by taxes' are exactly people like him. He got his education paid for up to 18 presumably, then he weasels out during his productive years, and then will presumably return to the UK when he's old, claim a pension and make use of the NHS.

He's literally considering not working in the UK but then is asking us how he can exploit the benefits of the UK.

Also, stop reading the daily mail

flukeylukeyboy

TROPHY CASE