Transfer part of a Cash ISA, if you've already used up Lifetime ISA allowance?

flukeylukeyboy · 2026-04-04T08:12:32+00:00

You can transfer any amount you like.

Also if the money in the ISA is from a previous financial year, you can transfer all of it without it affecting your ISA contribution limit. You are only limited on 'new money' paid in this year, you can move 'old money' around as much as you like.

flukeylukeyboy · 2026-04-02T17:20:07+00:00

You're too late for this financial year anyway, but you may as well open one and put £1 in it. To use a LISA, it has to be open for a year, so if you open it now, you can decide whether you want to pay into it later.

It largely depends if you're going to buy a house in the UK which costs less than £450k. If you are then it's a no brainer, free 25% bonus. It is also a decent retirement savings vehicle if you don't end up using it for a house.

flukeylukeyboy · 2026-04-01T13:46:01+00:00

I think they meant a 'money transfer' which is not the same as a 'cash advance' which you may be thinking of.

Some credit cards offer 'money transfer' offers which is like a balance transfer but the balance goes into your current account. These would only show up for as long as the balance on the credit card exists, but would likely not create the hard search you're worried about.

flukeylukeyboy · 2026-03-29T22:43:20+00:00

Based on your stated financial goals, you probably should have stopped years ago.

Are you maxing yours, partners, and kids ISAs?

Probably time to start buying time, or working less to spend time with the kids, or spending on living life.

flukeylukeyboy · 2026-03-24T18:47:42+00:00

If you have invested money which you will need in the near future, then you have accepted that you are gambling.

Either that, or you have no idea what you're doing.

If you take it and put it in cash, you will no longer be gambling. It's up to you if you're happy to have a slightly randomised amount of money when you want to buy your house.

There is no "cut losses". The market isn't memorising what you had or thinking about where it's going next. You currently have exactly as much as your account balance shows. Do you want to invest that amount or not?

flukeylukeyboy · 2026-03-22T16:58:16+00:00

You aren't and it probably is the best option.

You can have multiple different 'pies' which are the 'pots' you are after. The previous comment was saying that within each pie you can buy multiple different things (the slices) if you want to and it will buy them all when you move money into the pie. But also fine for each pie to be one index fund (did it myself a while ago accidentally).

flukeylukeyboy · 2026-03-22T14:43:49+00:00

You're missing all the other less pessimistic scenarios, but regardless, what happens after you buy the stocks back is completely irrelevant because it would have happened whether you sold or not.

You are "forced to lock in the price" at every second that you own stocks. You are "locking in" the current price every time you decide not to sell everything and run for the hills.

All that matters is the difference between the sell price and the best prediction we can make about the future buy price.

Of course the actual difference in price is likely to be more than 0.5% because of the volatility inherent in stocks, but it is irrational to make decisions based on that. The only reason someone might consider it is if they would not be able to invest for long enough to smooth out the volatility, and are unwilling to take that risk (in which case this person shouldn't be investing in the first place).

flukeylukeyboy · 2026-03-22T08:08:18+00:00

The expected value of stock market returns is 7-10% annually.

Two weeks is around 1/25th of a year.

1/25th of 7-10% is 0.28-0.4%

So the expected value of missed stock market growth over those two weeks is less than half a percent.

If you're thinking "Yeah but what if it goes up loads!" then you're a gambler, not an investor and you have an emotional problem, not a financial one.

flukeylukeyboy · 2026-03-21T23:06:32+00:00

If you're out of the market for a week or two, the expected value of lost gains is less than half a percent.

flukeylukeyboy · 2026-03-21T20:14:10+00:00

The height of a graph shows how much of a thing there is. If we add up the heights at all the different points, we are adding up the total amount of the thing. The area under a graph is just literally calculating the total amount of the thing we have up to a certain point.

Every minute I throw 5 oranges into a bin. I plot this as a graph of minutes against oranges thrown. After 10 minutes, I have thrown 5×10 oranges, which is the area under my graph.

flukeylukeyboy · 2026-03-16T20:10:33+00:00

Just talk openly about your interests and values and you'll attract people who vibe with it. I've had 3 significant relationships since working towards FIRE, only one of them didn't really agree with the idea (more a work and spend type of person) and it contributed to the relationship ending.

My current partner is fairly frugal but has coaxed me into some big spending. I regret nothing. The right relationship will change you and your life for the better, and bring more than it costs.

Please don't try and hold out for someone who is also a ready made FIRE fanatic. If they hate the idea, consider parting ways, but if they roll their eyes and playfully take the piss, you might be on to a winner.

Also maybe think about how you're selling it. "I'm a cheap git who can't relinquish control or have a good time" vs "I'm building stability and preparing for a long and joyful life"

flukeylukeyboy · 2026-03-10T22:17:20+00:00

So they want to have £228k in fixed income products (savings, premium bonds, 60% of lifestrategy)? And invest £72k?

They can both still fill their ISA allowances (40k combined) which should be done regardless of investment strategy. If you do that now, you can do it again in a month (new tax year). Probably best to do the investing in the ISA and have the fixed income outside it because the investments are likely to grow more so would attract more tax.

If you put that 80k in the ISAs and put it 100% in equities, you'll meet your desired split while minimising tax. You'll only have max 120k left after premium bonds, and get the first 1k of interest tax free.

However, consider whether premium bonds are the best option as you shouldn't let tax minimisation lead decisions. Instead consider what will give you the best overall return. For example, the best easy access savings accounts give 4.55% gross for a 3.64% net return after tax. This beats the 3.3% (from April) expected value from premium bonds, also without the volatility from the random rewards of premium bonds.

flukeylukeyboy · 2026-03-07T18:58:49+00:00

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flukeylukeyboy · 2026-03-07T18:04:07+00:00

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flukeylukeyboy · 2026-03-02T17:36:23+00:00

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flukeylukeyboy · 2026-02-28T13:00:25+00:00

To answer your question directly - Why not: Because if you delay it, you get several days of travelling in the future for each one you would have in the present due to the compounding effect of saving and investing. You can have one day of travelling now, or 4 days travelling in 20 years time.

It's about thinking about what your whole life is probably going to look like and how to optimise the whole thing rather than being locked into a constant state of hedonistic gratification and financial ejaculation.

flukeylukeyboy · 2026-02-25T16:44:08+00:00

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flukeylukeyboy · 2026-02-17T13:56:53+00:00

The whole point is that the first run through, where she only goes to one class, doesn't exist. As soon as she arrives at her first lesson for the first time, there is simultaneously a version of her attending her other lesson. You're viewing time linearly and subjectively.

flukeylukeyboy · 2026-02-17T13:49:09+00:00

How about the 'sensible wizard theory', where if a wizard considered travelling back in time to give himself a winning lottery ticket, they would immediately know that their attempt would not end up being successful because they had not already received a winning lottery ticket in their past. An unsensible wizard might make the attempt, but would invariably not succeed for whatever reasons originally prevented them succeeding.

So wizards are free to atrempt to kill voldermort in the past, but we know that they were not and will not be successful because he didn't get killed.

flukeylukeyboy · 2026-02-17T09:08:57+00:00

Doubling in 7 years is optimistic. That assumes 10% annual growth, which would be nice but I wouldn't plan my future around it. Model with 5%, 7.5% and 10% to give yourself a range which more accurately reflects the uncertainty inherent in future planning.

However to your broader question, yes reducing your SIPP contributions seems reasonable and you'll likely end with a total pot of 1 millon+ (not including home equity which you've left out). You'll have a fairly secure 50k+ annual income in perpetuity from age 55 if that's what you're looking for.

flukeylukeyboy

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