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We want to hear about your Lifetime ISA (LISA) experiences
Are you planning to use your Lifetime ISA (LISA) towards your first home? Have you used one already, or tried to? We’d like to hear about your experience.Got a second-hand story about a friend or relative using a LISA? We'd love to hear that too. Or better yet, ask them to register for a Forum account and post about it…
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ISAs & Tax-free Savings Sticky
💷 Forum threads on this topic which you may find useful: * Tax Free Savings Guide Discussion Area * Lifetime ISA Discussion Area * Help to Buy ISA Discussion Area * Stocks & Shares ISAs Discussion Area * Cash ISAs: The Best Currently Available List * Transfer Cash ISAs Discussion Area 💰Helpful content from…
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Maturing Fixed Rate Cash ISA
Good morning, So, I have 20K in a one fixed rate cash ISA with Charter, which matures on 06/04/24... I have a about 2K currently sitting in an easy access cash ISA with gatehouse... I'll be looking to put another 20K (24/25 allowance) into another cash ISA around the middle of May... I would like to combine all into one…
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Cash ISAs: The Best Currently Available List
Cash ISAs: The Best Currently Available List **Please note: The list of ISAs I have compiled below is continually updated. New ISAs are added as they launch and withdrawn ISAs will be removed from the list. ** The current Cash ISA limit is £20,000 for the 2023/24 tax year. **As with any financial product, before opening an…
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Flexible Cash ISA Rules
I have a Virgin Money Flexible Exclusive Cash ISA which I subscribed to in 2021:2022 I continued to add and withdraw from this account in 2022:2023 but always keeping below the balance held at midnight on 5th April 2022. In January 2023 I subscribed to the VM Exclusive Fixed ISA which is on the same platform as the…
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Advice on transferring out cash isa at end of fixed term
I’ve got a fixed rate cash isa maturing on 4.4.24 and want to transfer out to another provider. There’s a fee for withdrawing early which I want to avoid. Is the only way of being sure about this to wait until maturity before instigating the transfer, or is it generally safe to begin a transfer a week or two beforehand?…
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Adult isa
Distributing money into an isa for our three adult children. Am I limited to the £3000 gift allowance or can I do the 7 year rule between my wife and myself and put extra money in?
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ISA and savings advice
This is not my strong point, so probably a stupid question but I’m going around in circles. I earn under 50k per year (part time salary and NHS Pension combined) I have an easy access Savings account (around 4.5% interest) with aprox £75k in it. I’ve got a NS&I cash ISA opened in 2019. It has almost 20k in it, about 18k…
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Switching ISA from NS&I
I am an 18y/o looking to move from my NS&I cash ISA to a fixed term ISA for 2 years. I looked at switching to OakNorth however they said they are unable to transfer with NS&I. What would be the best place to look at transferring to from NS&I for a 2 year fixed ISA and when would be the best time to switch? PS. I don't…
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ISA Query
Hi. I currently have £20,645.67 in my Virgin cash ISA. It is saying in a window on my account page that I have £20,000 of my allowance to use by 5th April? I thought 20K was the max and that the £645.67 over this would be taxable at my personal tax allowance rate if my total savings were over £1000? Anything else I need to…
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Opening ISA 2024
Since April 6th is a Saturday do we have to wait until the 8th to open this year's ISA?
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Options with Virgin Cash ISA
Hi all, Just trying to get my thoughts in order and would be grateful for confirmation from others who know more than I do! I have a 2-year fixed rate ISA with Virgin (but it starts with an 08 sort code and does not appear in the Virgin Money App) which comes to maturity on about 24/03. Options I've been offered are to let…
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Transferring an ISA from one provider to another whilst living abroad
Hello all, has anyone had any success in transferring an ISA from one provider to another whilst abroad? Legal & General will no longer be offering ISA's and I'm thus looking for an alternative provider. The challenge I'm having is that all the providers that I've reached out to thus far are not willing to accept a…
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Move non-flexible ISA to flexible ISA?
I understand that with a flexible ISA you can take out money from this year and/or previous years, and if you pay it back within the tax year it doesn't affect your allowance. Therefore, if I want to 'borrow' money from a non-flexible ISA for a few months (within one tax year) without losing the ISA allowance, can I just…
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UK ISA £5,000 Consultation.
Looks like anyone can put in comments on this wonderful UK ISA 5K ploy. Last year IIRC, I contributed some views on the LTA removal, but they replied they didn't really want views from individuals, but looking at the link below, looks like they want individuals to comment. It will be interesting to see how this UK ISA 5K…
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ISA And Dealing costs
I am on the iweb platform and they charge £5 per deal . If come April I want yo invest £20k into a fund for S&S ISA would I be able deposit £20005 or is the £20k allowance including dealing costs. Thank you.
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Stocks and Shares LISA Transfer
I have a Stocks and Shares LISA and a Help2Buy cash ISA). I want to simplify things by moving the Help2Buy cash ISA into my Stocks and Shares LISA but the provider doesn't accept transfers. I then thought about opening a new Stocks and Shares LISA with another provider and transferring the existing LISA and then the H2B…
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Not used Allowance ?
hi guys sorry for stupid question. Can i put in 20k on the 3rd April then another 20k in 6th April. into same one year fixed account rate. although separate tax years. never had isa b4
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Having a second ISA
At present I have a fixed 2 year ISA finishing this October, if I take out money I loose 180 days interest at 36% my question is 1/ can I open another ISA not a fixed just an ordinary one with instant access 2/ if I can open another ISA can I transfer money from my fixed to the new one without being charged a penalty,if I…
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Stupid LISA question
Apologies for the stupid question. if my daughter opens a LISA today, will she get the bonus before the end of the tax year, or should she just wait? thanks in advance
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New ISA rules April 2024
HMRC has recently released more information regarding the new ISA rules to come into effect from April 6th 2024. Notably, it includes: 1.1 Increase the age for opening cash ISAs from 16 to 18 years old and over From 6 April 2024 it will not be possible for anyone aged 17 and under to subscribe to more than one…
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Does withdrawing from a Flexible ISA equate to "subscribing" to it?
Hi, As I understand it multiple subscriptions are allowed for 24/25 onwards however I have been desperately trying to find out whether withdrawing from a Flexible ISA equates to "subscribing" to it in the current tax year (23/24). My situation is as follows: I have two stocks and shares ISAs, ISA 1 and ISA 2. Both were…