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ISA timing alert

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Consumerist
Consumerist Posts: 6,311 Forumite
Part of the Furniture 1,000 Posts Name Dropper
edited 7 March 2010 at 4:16PM in ISAs & tax-free savings
Don't forget that the last banking day in the current tax year is :-

THURSDAY 1st APRIL

2nd April is Good Friday bank holiday,
3rd & 4th are a weekend, and
5th April is Easter Monday bank holiday.

Don't get caught out.
.
>:)Warning: In the kingdom of the blind, the one-eyed man is king.
«13

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    And new tax year and payday is Tuesday 6th for me. Happy Days.
  • Consumerist
    Consumerist Posts: 6,311 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Nothing to add. Just wanted to keep this post toward the top of list for the next couple of weeks.
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
  • Consumerist
    Consumerist Posts: 6,311 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Here we go again. :)
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
  • welshmoneylover
    welshmoneylover Posts: 3,324 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Thanks for that Consumerist I hadn't even noticed that :)
    Be happy, it's the greatest wealth :)
  • Consumerist
    Consumerist Posts: 6,311 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    . . . and again !
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
  • LuSiVe
    LuSiVe Posts: 1,059 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    OK, so I get paid on 31st March. If I use my debit card to pay into my M&S ISA the remaining bit for this year's allowance that day, but it doesn't arrive until after 5th April, does it count as this year because I made the instruction in this tax year? Would this be specific to M&S or a general answer?
  • Baldur
    Baldur Posts: 6,565 Forumite
    If the cash actually hits the account after 5th April, I suspect that it would count as a 2010/11 subscription, irrespective of when the instruction is given.
  • Consumerist
    Consumerist Posts: 6,311 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I agree with Baldur. I would say your best bet is to use FPS transfer if your bank participates.
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
  • LuSiVe
    LuSiVe Posts: 1,059 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    It doesn't to that value of transaction, and M&S doesn't seem to have account numbers to transfer to anyway.
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    I suspect if you deposit by debit card, similar to Egg, it will get credited straight away.
This discussion has been closed.
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