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Depositing money into Easy Access Cash ISA
Hi All, I have a question regarding depositing money into Easy Access Cash ISA. I'm currently considering opening an Easy Access Cash ISA with Newcastle BS (flexible) for the tax year 2022/23. My question is, can I deposit money into this account throughout the rest of this tax year?. For example, if I open the account…
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Why are LISAs so unpopular with banks?
It's frustrating that there's not more competition between LISA providers to provide better interest rates.You'd think it would be part of strategies to attract new (young) customers, lock in deposits (due to the penalties for withdrawal) and also convert some into mortgage holders.So why don't the vast majority of banks…
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12 month LISA rule - transfers?
I was about to transfer my LISA to Nude. They have eligibility criteria which includes "Aiming to buy a home in more than 12 months". I am hoping to buy within the next 12 months but I assumed if I'm transferring an existing LISA that's 12m+ old then I don't need to worry about this rule.Am I wrong? :neutral: Does opening…
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Moving from Aldermore
Im sure I must be missing something really simple here, but for the life of me I cant see the answer, so would appreciate some help please . Ive a 30dy notice ISA account with Aldermore which I want to prepare to transfer somewhere else . I cant find how to put notice on it. Theres a move money option , which enables you…
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Calculating monthly interest on Cash ISA
Hi Sorry if this has been asked before but I was wondering how you calculate the monthly interest a Cash ISA will give you. I currently have £9,200 saved in a 2 year fixed rate Cash ISA with an interest rate of only 0.3%. This gives me around £2 interest a month. My Cash ISA matures at the end of the month and I see that…
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Alternative to Vanguard please
Hi, I have an ISA with Vanguard (invested in their Lifestrategy
80% and 100% equity funds). I am concerned about going over the £85,000 fscs
protection limit so I am considering using a different platform to start an
additional ISA - I'd look to invest in the Vanguard funds or something similar
again as I am happy with…
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Higher tax bracket + personal allowance
I earn £54k and contribute 8.5% towards my workplace pension. I think this is taken from pre-tax salary, putting me into the basic tax band. £54,000 x 0.915 = £49,410. My salary will increase to £55k next year, which I believe puts me into the higher tax bracket for the first time (£55k x 0.915 = £50,325). With recent…
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Lisa and help to buy question
I currently have a help to buy ISA, I am 41 years old so I know I cannot open a LISA but can I transfer my HTB isa into a LISA?
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Low rate fixed term ISAs - transfer and take the penalties?
Appreciate there is no real easy answer on this one and it’s a case of doing the maths ….but just wondered what others thoughts are on this issue given sudden increase in base rate and possible future increases. I am sure I won’t be alone in looking at this type of issue. I transferred ISA’s in 2021 and 2022 and fixed with…
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Shifting HELP to BUY ISA to LISA rejected
Hi , I recently tried to move my money from a Helpto buy ISA accumulated over the last 3 years to a LISA acount( 4000K ) yearly allowance but it got rejected for some reason. The provider has issued me a cheque back for the amount. If i deposit this back into a current account , will i be taxed again on it? Anyway of…
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LISA bonus for self build
Hi, I hope this is in the right place! First time posting as I was wondering if anyone has used the government bonus on a LISA to fund a self build? I know you can use it to purchase the land but my situation is a little different. I have a family farm, owned by my mother. Could I use the bonus towards the build cost of…
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Transferring a help to buy ISA to a stocks and shares ISA
My niece (age 20) wishes to transfer her help to buy ISA into a LISA. It currently holds about 6k. Can anyone explain the benefit of transferring as opposed to simply withdrawing the money and then opening a LISA. (I know there is an ISA limit but that’s not relevant here due to the small amounts) I ask this because not…
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Evestor, Nutmeg or Wealthify S&S ISA
👋🏻 I'm new to stocks & shares, so from what I've read an ISA seems to be the place to start. I'll definitely go for a "Robo-adviser" with low risk & will use my annual ISA allowance of £20,000. But I'm rather overwhelmed trying to compare all these fractions of percentages in charges of the Evestor, Nutmeg or Wealthify…
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Inheritance ISA to standard Cash ISA
Probably a stupid question but I'm covering my mothers accounts now and she has an Inheritance ISA after my fathers death. The account is a couple of years old. I assume the money can now be moved to a standard cash type ISA and doesn't have to stay in an inheritance type cash ISA after the first year? TIA
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Best bank to open a savings account with
Hello Everyone, I just needed some help with opening a savings account which is the best bank at the moment to open a savings account with. Thanks
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S&S ISA vs. overpaying mortgage @ 3.25% fixed for 5 years
I'm in the process of buying a house and have secured a 5 year fixed rate of 3.25% with Coventry BS. I'm considering setting up a S&S ISA and paying into that every month for the duration of the fixed mortgage term then using the funds to reduce down the capital debt on the mortgage on the basis that the S&S ISA is likely…
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IFA mistake. What do I need to be aware of?
Yesterday, while checking my ISA portfolio online, I came across a contract note dated 12th July selling ALL the assets in my stocks and shares ISA, which have a value of around £200K. This was a bit of a shock, to say the least! I then noticed a contract note in which the same value of assets had been repurchased on 22nd…
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Time for government to force LISA SS providers accept transfers in 40+?!!
So the rules state you can open a LISA before 40 and you could transfer from CASH to SS (or vice versa) over 40 for the purpose of transfering the investment (not a new account). I took out a cash LISA with a view to transfer it later to SS. I had checked this was possible before going this route. HOWEVER the only two SS…
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LISA and Help to buy in same tax year
Hi, I currently hold a HTB ISA and want to change to a LISA as soon as possible. I understand I can only reap the benefits of one of these accounts, but can I open and pay into them both in the same tax year? I do plan to close my HTB isa once I have transferred the money into the LISA. I hope this makes sense and someone…
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Probably a basic question, but...
Hello, although late to the game of ISAs, I thought I'd open one. Appreciate this may be a bit basic for some, but for an ISA: * Can I buy stocks I wish to buy, eg-UK or US ones like Apple or Google? * How much can I put in as a lump sum? * If I make a profit on buying and selling my shares in my ISA, do I have to pay…