alt Hacker NewsEh, for most people it's simpler to just use a cash ISA which can provide almost the same rates. Most people don't want or need to carry a huge cash float as opposed to other kinds of investment.
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gpderetta • today at 1:12 PM
Well, yes, but after maximizing an ISA that's still an option. Also the government is clamping down on cash ISA.
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That only works if the capital is already in an ISA or you want to invest less than £20k (soon to be 12k) though. It is common to use gilts to build a gilt ladder to have some level of guaranteed income for older/retired people. This allows you to build your own cheap annuity.