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ISAs & tax-free savings

Archives for January 2006

Maxi ISA discounts?
Hi, New to the site so hope this isnt a stupid question! I am seeking to invest in a maxi ISA (investment fund) and looking for the best deal with regards to discounts on initial charges (idealy tied to a low annual charge too). Any ideas? Thanks for any responses
advice on isa please
Quick question if anyone would be good enough to respond. I continue to invest a monthly amount into a Marks and Spencers cash isa (and have been for over 3 years). Can i now at any point now invest into a stocks and shares isa? I am looking to invest approx a £2k lump sum. Regards Mike
Transferring share assets to an ISA
Hi, I have a mini cash ISA for this tax year. I am disposing of some shares to utilise my Capital Gains Tax allowance for this tax year. Approx £3000 of these shares are for HBOS. Does it make sense to put the £3000 of shares in a 'mini stocks and shares ISA' (to avoid future CGT problems) or will the annual maintenance…
The next £4K in an ISA & then what to after that (£3K cash ISA limit already used)???
I have used my full £3K cash ISA limit as per Martin’s advice. I have an A&L online series 1&2 account, on which I pay tax. Does anyone know of any comparison tables for the next £4K that can be put in an ISA and about the different types (inc. pros and cons) and their comparisons with the gains to be made from an online…
Opening and ISA whilst abroad
Mr KG and I will have some money to put into ISAs for 2006/7 but will be out of the country. Is it possible to open an ISA from overseas (New Zealand)? Can someone else open an ISA on your behalf? My mum is going to have power of attorney on my accounts whilst I am away in case of any difficulties and Mr KG's dad is doing…
Buy ISA now or wait a few weeks?
Will providers start getting a bit more competitive in a few weeks time, the closer we get to April, or might I just as well plump for the best deal ISA now? We're selling the house and going travelling and planning on both putting the maximum possible into 05/06 and 06/07 ISAs from the sale of our house as part of our…
Which Mini cash isa
Hi! Can I grab some advise... I want to invest £1000 in a mini-cash isa before i spend it! Can't decide on Bradford and Bingley against the Halifax. They both offer 5%, does anyone feel that one is better than the other? I was going to go with B&B because of their internet only option, but I walk past a Halifax every day…
My ISA problem
I have had a maxi ISA with Scottish widows since 2001. Total investment £8,000 value £7,000 After 4yrs my money is worth a grand less!! great business. SW say that my investment fell after the shares i had dropped after the 9/11 attack and im still waiting for them to recover. So what do you guys suggest, should i keep…
Standard Life Select Property Fund / S&S ISA
I've recently been made aware of the Standard Life 'Select Property Fund' which can now be invested in by means of an Stocks and Shares ISA. This apparently is quite a new mechanism allowing investment in the property sector. Has anyone heard anything about this or got any views on it? The details can be found on the…
cashing-in cash ISA / transfer issue
Hi there I have a cash isa currently with M&S and thought about re-investing the money elsewhere. I've read that to transfer to another cash ISA you shouldnt cash it in but "transfer" it formaly as you lose the tax benefit. Can someone explain this to me? If i simply cash it in (and say put the money into a bank account,)…
advise i have savings and unsure what to do with it
i have been saving for a while have £13.000 but is in a low paying interest account and am unsure what to do with it? should i put it inti my house or investing it where does anyone recommend
New A&L Isa rate - 5.2% variable
Noted in another thread (Thanks Milarki) A&L Direct ISA Issue 2 rates £1+ Annual Gross:5.20% (variable)†† Rates effective from 09/01/06. †† Includes 0.70% bonus fixed until 30/04/07 30 Details Here
ISA with a passbook?
My daughter is 17. She has an ISA for regular savings, but keeps dipping into it. She does this by walking into the bank with some ID. She knows she needs to save, (to the point of asking the bank if they'll refuse to let her withdraw unless she brings in a letter from her mum!) but finds it really difficult. I've…
Cash ISA - Can European Citizen apply?
Can a European citizen resident in the UK paying full UK tax apply for a mini cash ISA? Thanks for your help, Tx
ISA questions
I started an Cash ISA with Halifax in 2004 and have placed £6000 over the last 2 years. This april I am wanting to open a Maxi ISA so I can pay the full £7000pa into this. What are my options with the existing Halifax ISA. Can I transfer this to the MAXI ISA somehow? Or would it be best left as it is until I need it for…
Cash ISA previous years reinvesting
Need some advice please! I have cash ISA from previous 4 years and recently realised the potential of Share ISA. But, don't have enough to invest more this year. Wondered if I would be able to reinvest my previous cash ISA into Stocks and share ISA (last few years allowance or this year's allowance). Also, I found some…
Still ISA Confused, Please help!
I have read all the posts here and am still confused. I opened what I think was a mini ISA years ago. It currently has £7 in it. I will soon have £4k borrowed on top of my new mortgage for double glazing which I will not be using immediately. Can I put all of that in my ISA? I'm confused about the £3k a year bit. It will…
New Year Quiz
1 INVESCO PERPETUAL High Income 2 INVESCO PERPETUAL Corporate Bond 3 INVESCO PERPETUAL Mnthly Income Plus 4 Investec Cautious Managed 5 INVESCO PERPETUAL Income 6 Jupiter Merlin Growth Portfolio 7 JPM Natural Resources Fund 8 Jupiter Merlin Income Portfolio 9 Schroder UK Mid250 10 Newton Higher Income 11 Fid FIF Special…
A&L Direct ISA interest rate
Does anyone know if the rate on the Direct ISA issue 1 is still 5.15% - on A&L's website it is still 5.15%. I remember there was a 0.65%+Base Rate guarantee until the end of last year. What I do not want to receive is the letter dated "January" on the 31st telling me the rate has changed.
Mini Cash Isa Allowance
I saw my financial advisor some weeks ago and we talked out Mini Cash ISa Allowances. 1) He suggested Mini CAsh Isa'a for 2006 - 07 would be only £1k instead of £3k. Is this true? Can anybody offer how long the £3k might be in place for? Apprecaite anybody's views. Cheers, Albert

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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