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Top Cash ISAs Discussion Area
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No it will be the 1st time im opening an ISA0
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This may be a stupid question & answered many times before; but if I open an M&S ISA & transfer in money from previous years ISA's can I pay in more than £3,600 when opening?
i.e. Transfer in £3,000 2007 allowance, £3,600 2008 allowance plus £3,600 as this years allowance.0 -
Hi BB78 - transferring previous years' ISAs that you hold elsewhere into the M&S account is fine and doesn't have any effect on this year's allowance of £3,600 (cash).This may be a stupid question & answered many times before; but if I open an M&S ISA & transfer in money from previous years ISA's can I pay in more than £3,600 when opening?
i.e. Transfer in £3,000 2007 allowance, £3,600 2008 allowance plus £3,600 as this years allowance.
One thing - make sure you follow the ISA transfer procedure and don't just withdraw the cash as you'll lose the tax-free status.0 -
Dear room,
I recently opened a Barclays cash ISA account with £10 with the intention to top up the remaining balance of £3590 (annual allowance for 2008/2009). Shockingly the financial adviser had no clue as to wether i can do an internet transfer for the amount from my Lloys current account into this account. Could someone kindly advise me if you can, if not what is the best way to get that money transferred before 5 april2009.
thanks0 -
If you read the Key Facts Brochure, it appears that online subscriptions are only accepted from Barclays accounts, the method for non-Barclays account-holders appears to be:hdequintal wrote: »I recently opened a Barclays cash ISA account with £10 with the intention to top up the remaining balance of £3590 (annual allowance for 2008/2009). Shockingly the financial adviser had no clue as to wether i can do an internet transfer for the amount from my Lloys current account into this account. Could someone kindly advise me if you can, if not what is the best way to get that money transferred before 5 april2009.To make a subscription (pay in) to your ISA you can:
visit a branch and make a cash or cheque deposit over the counter.0 -
Thinking of trying the First Direct account, particularly for it's 7% RS ISA, £100 sign up and £100 switching.
However guess I would need to time the 12 month switch exactly to get the extra £100, without messing up the 7% RS ISA?0 -
I am considering opening up a Natwest eISA, would this be a good move? I already use Natwest for my current account, so to me it seems more convenient as i assume i could manage it all through the online banking?
Also i would be transfering in ~2yrs worth of ISA savings, i assume this is easy enough?
I think the rate is approx 3.25% for under £10k? 3.51% over?0 -
Those rates are correct. Barclays pays a bit more but they've had problems with admin for the last couple of years. I gave them a miss this year and decided to go with what I believe is a more competent bank.I am considering opening up a Natwest eISA, would this be a good move? I already use Natwest for my current account, so to me it seems more convenient as i assume i could manage it all through the online banking?
Also i would be transfering in ~2yrs worth of ISA savings, i assume this is easy enough?
I think the rate is approx 3.25% for under £10k? 3.51% over?
I opened a Natwest eISA yesterday and it was showing on my online banking summary this morning. It also accepts transfers in from previous years, this is done by filling in the transfer form (see point 3) and sending it to the address listed.0 -
Hi.. I am completely green around the gills about ISA's.
I don't have a lot of savings but want to start saving something. I could only save between £20 - £50 maximum a month at the moment.
I would like to be able to dip in if I needed to - however, that would be a last ditch thing - ie only in absolutely emergency.
I want to save up until Feb next year at this stage (end of) as I am trying to save for a holiday.
Is an ISA the best way to go or should I just open a saving account ? Are there any cash back sites that give cash back on opening saving accounts / ISA's ?
Thanks for all and any advice
GJ x0 -
The interest on Cash ISAs is tax-free and remains so, as long as the funds are in an ISA so, ideally, they are for longer term saving as currently £3,600 per tax year can be deposited.
For example, in the first year you could have £3,600 earning tax-free interest; in the second year, you would have £7,200 (plus the interest from year 1) earning tax-free interest and so on.
You may find that ordinary savings accounts offer a better option for your needs.
Can't help on cashback sites, I'm afraid.0
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