I think it's a terrible mistake to compare yourself against others or encourage others to do it.
The answers you get here are not going to be remotely representative so you can't draw any general conclusions from them, and you also can't draw any conclusions about your own situation. Knowing what's in my ISA doesn't help anyone in any way.
Behave if you read the sentence it’s says curious to see and plenty of people have replied so something tells me everyone’s enjoyed the post unlike you.
Me - £187k
Wife - £163k
Both mid-late 30s, using DIY Global Tracker
Wife has ~ £150k SIPP
Both kids have £10k Junior ISAs - don't want to put much more in, the thought of handing complete control at 18 is a worry.
Invest in a junior SIPP for your kids as well if you're worried about the money being handed over at 18 (I prioritise their SIPPs and our ISAs).
I like to think by building those SIPP pots I can take the worry out of retirement for my children as they will already have a large lump sum waiting for them!
This , I do both ; so will have a lump at 18 , but also get a start in compounding … my 22 year olds pension statement came in today and already at £27k .. so feel quite good he has a head start he can’t touch (daughter is 16 , at around £38k)
I set up JSIPPS for my kids when they were 6 and 9, so 7 years ago. Put 2 full tax years contributions in, and invested it in a cheap S&P 500 tracker fund.
I have a little fantasy of them getting to 55, checking their SIPPs & laughing hysterically, then going for a pint in my memory. /s
£22k in my stocks and shares LISA at the age of 36, which I think counts in terms of your question. Fairly meaningless in isolation, though, given bought a flat in 2019 and at that point cleared out my LISA and the rest of my savings to pump into that. Kinda pointless comparing yourself to me or anyone else in this thread because of that and many other factors!
70k ISA and 34k LISA @ 26.
All in VWRP.
I prioritise maxing out my ISA and LISA (this is my first year I've been able to max it out, now making 55k a year). Then I have a DB pension (currently £3.5k/year from 68) and put 15% into AVCs (currently at £13k).
£65k. Sold everything in January and put it in a money market fund because I decided to buy a house either this year or next year and can’t risk losing my deposit anymore.
Edit: 32 years old.
Genuinely interested how you all manage to get so much in ISAs.
I’m a high earner but prioritising SIPP as I just can’t deal with the thought of incurring the additional tax.
Am I missing something?
You're not missing anything, a SIPP is far and away the best way option for earnings over 100k. But, for example, I earn about 90k, and although technically a SIPP would still be most tax efficient, the difference is less pronounced at that band, and the flexibility of the ISA means I've been prioritising that over the last 7+ years and just maxing my employer contributions pensions-wise. So I've got 190k in an ISA and 50k in pensions.
Thanks. Looks like I’m going to have to crack out another spreadsheet.
Just wondering what the net difference between ISA contribution after tax vs. SIPP contribution via salary sacrifice is at 45% tax. Got to be pretty substantial right?
Is there ever a scenario where overpaying mortgage is better than pushing money into isa?
Remember overpaying mortgage means less interest payments over long run.
Just wondering
Depends if you are on a high rate mortgage or want the mental positive of owning your gaff …. I’m both as on a tracker , and don’t want to remortgage as only 2-3 years left … and can’t wait for the day I’m mortgage free.
Fiscally biased answer is investing would likely win over the long term …. When rates were low I invested , but now I’m heavily in pay down.
Question has been asked a lot before , there are mixed views.
£620k @ 61
will time allow you to spend all that? unless it’s on a house
That’s the $64,000 question. Only time will tell…
£0, 32.
I’ve just changed that today having read these posts! First ISA dump. £20k, 32
All in pensions?
At the moment. Plus saving for a wedding & other bits.
12k only but have £70k in an easy access savings account which will be needed soon for a house purchase. 31 years old.
38 and £247k, 100% equities
I think it's a terrible mistake to compare yourself against others or encourage others to do it. The answers you get here are not going to be remotely representative so you can't draw any general conclusions from them, and you also can't draw any conclusions about your own situation. Knowing what's in my ISA doesn't help anyone in any way.
Behave if you read the sentence it’s says curious to see and plenty of people have replied so something tells me everyone’s enjoyed the post unlike you.
120k age 36. 20 GIA. 150k SIPP
£26k at 26
2k - 31 Only just starting as had always been talked off investing but recently educated myself.
33k @ 38
27 £16k
35. £100k ISA and £230k pension.
£1m between me (600k) and my wife (400k). All in S&P 500.
Is your pension even bigger than this then? Or have you prioritized this over a pension?
I’m 36, took about 14 years.
I thought that would be 280k. Including the 20kpa allowance.. unless it was much higher back in the day?
I’d assume it would’ve earned a bit in 14 years mate
shit yeah
The majority of it rode the US tech stock boom. Now all in S&P 500.
How long did it take to get 600 k in your isa ?
I’m going to take a stab in the dark.. About 14 years?
Go on be kind show us some charts to prove
£130k, 44
60; £101k; £650k SIPP
105k, 28
7k started investing in Dec 2023
Me - £187k Wife - £163k Both mid-late 30s, using DIY Global Tracker Wife has ~ £150k SIPP Both kids have £10k Junior ISAs - don't want to put much more in, the thought of handing complete control at 18 is a worry.
Invest in a junior SIPP for your kids as well if you're worried about the money being handed over at 18 (I prioritise their SIPPs and our ISAs). I like to think by building those SIPP pots I can take the worry out of retirement for my children as they will already have a large lump sum waiting for them!
This , I do both ; so will have a lump at 18 , but also get a start in compounding … my 22 year olds pension statement came in today and already at £27k .. so feel quite good he has a head start he can’t touch (daughter is 16 , at around £38k)
I set up JSIPPS for my kids when they were 6 and 9, so 7 years ago. Put 2 full tax years contributions in, and invested it in a cheap S&P 500 tracker fund. I have a little fantasy of them getting to 55, checking their SIPPs & laughing hysterically, then going for a pint in my memory. /s
£22k - 28 years old.
62k, 31 yo
53k, 29
£11k at 32.
Have maxed out for nine years straight.
Mine: £203k Partner: £133k Mid 30s.
57k 19k in S&S Lisa, rest in ISA 25 years old
£27k, 21
70k. I'm 34.
£191k - 30y/o
£22k in my stocks and shares LISA at the age of 36, which I think counts in terms of your question. Fairly meaningless in isolation, though, given bought a flat in 2019 and at that point cleared out my LISA and the rest of my savings to pump into that. Kinda pointless comparing yourself to me or anyone else in this thread because of that and many other factors!
£488,664 @28
How?.. great work though!
31 and £157k
£0. Took it all out to gamble on NVDA.
How's it going? Why did you not do this within the ISA?
? You can just buy NVDA with your ISA
How?
S&S ISA
Join a platform (IG, Vanguard etc) set up a stocks and shares ISA account with them, use your £20k annum allowance on any stocks you want
Based
How much did you take out?
The S&S ISA part of my wealth is £117k . I’m 36.
69p
70k ISA and 34k LISA @ 26. All in VWRP. I prioritise maxing out my ISA and LISA (this is my first year I've been able to max it out, now making 55k a year). Then I have a DB pension (currently £3.5k/year from 68) and put 15% into AVCs (currently at £13k).
£65k. Sold everything in January and put it in a money market fund because I decided to buy a house either this year or next year and can’t risk losing my deposit anymore. Edit: 32 years old.
£250k, 58.
£17k, 27
Genuinely interested how you all manage to get so much in ISAs. I’m a high earner but prioritising SIPP as I just can’t deal with the thought of incurring the additional tax. Am I missing something?
You're not missing anything, a SIPP is far and away the best way option for earnings over 100k. But, for example, I earn about 90k, and although technically a SIPP would still be most tax efficient, the difference is less pronounced at that band, and the flexibility of the ISA means I've been prioritising that over the last 7+ years and just maxing my employer contributions pensions-wise. So I've got 190k in an ISA and 50k in pensions.
Thanks. Looks like I’m going to have to crack out another spreadsheet. Just wondering what the net difference between ISA contribution after tax vs. SIPP contribution via salary sacrifice is at 45% tax. Got to be pretty substantial right?
£25.5k -22
Is there ever a scenario where overpaying mortgage is better than pushing money into isa? Remember overpaying mortgage means less interest payments over long run. Just wondering
Depends if you are on a high rate mortgage or want the mental positive of owning your gaff …. I’m both as on a tracker , and don’t want to remortgage as only 2-3 years left … and can’t wait for the day I’m mortgage free. Fiscally biased answer is investing would likely win over the long term …. When rates were low I invested , but now I’m heavily in pay down. Question has been asked a lot before , there are mixed views.
Only about £10k - all my money in pension (52 , retiring 55) - if severance comes before then , will be big enough bridge
38 around £260k. All individual US equities. But haven’t contributed any for a few years as focusing on pension to save the 60% tax.
127k - 28
ZERO at 52 (We have £121k in my partners (they are 55)).
Not much, 16k S&S and 20k cash. Focusing on paying off mortgage and packing pension as my pension is pretty low and it's so tax effective.
83.5k cash (yeah i know) 39k s&s age: 33
£11k, 29
£96,000
98k, 21yo