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Cash ISAs
In the last few weeks I have discovered two separate cash ISAs have been a variable rate with a fixed bonus. When I took them out there was no mention that the rate (excluding the bonus) was variable. Why are the banks getting away with this? On this website one of these banks is again stating the interest rate is a…
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Bradford & Bingley to Santander ISA Transfer?
Hi all, I'm thinking of transferring my ISA money out of an old Bradford & Bingley eISA, and have been looking into the Santander Direct ISA (issue 6) as a possibility as it allows transfers in. Trouble is, I'm unsure whether Santander will allow me to transfer my old Bradford & Bingley ISA to the Direct ISA, now that…
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Could ISAs end up being treated as domant accounts?
I understand that if savings accounts are inactive for a number of years (unsure how many years?) financial institutions have the power to treat them as dormant accounts, and you then have to go through the palarva of producing identity documentation to get them reactivated, otherwise they could in due course, end up being…
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Transferring ISA
This week I've arranged for transferring my ISA account. Was only getting a mere 0.5% after the special 6% bonus ended in December. I was debating whether to go for an easy access again or a fixed-term but decided on a fixed-rate ISA at 2.7% for 2 years. This was about the best rate I could find for this length of time and…
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Opening an ISA now for next year
Can you confirm my understanding with opening an ISA 'early' ? I filled my 2009/10 ISA a while ago, and am looking now for the best option for 2010/11. I will not continue using the current ISA because the rate is due to drop to 0.2% in May. Am I correct in thinking I can open another ISA now, and just have to wait until…
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Isa help
Hello All can anyone help with this: I am over 50 can I invest £10200 cash in an ISA or does it have to be £5100 in cash and £5100 in Stocks and Shares as an alternative question can I invest £5100 in cash before the 5th April 2010 and then £5100 on the 6th April 2010 in the same Isa Regards DonalM
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new to isa's? bit more help needed?
hi there, still just fully understanding isas and have these questions? ok we are over 50. so we can invest £5100 each for 2009/2010 and santander 3.5 one looks good.....is this the best one for us to put our 2009/2010 allowance in? then there is 2010/2011 allowance? can we add that to the santander one? if so what rate do…
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Gross Interest: How ethical/legal is this?
My father died last year leaving most of his money to my mother. After making sure she has more than enough to live on etc we have opened a number of fixed term, fixed rate bonds. Each time we opened an account, we were asked whther my mother was a taxpayer. Each time, I said no because my father paid very little tax so I…
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When to move from Cash ISA to S&S ISA
We have £32k in Cash ISA's and 12k in a savings account. We started a S&S ISA last April and have saved £3,600. Thinking about the next tax year, if the above was you, would you now start to invest in the S&S ISA as opposed to Cash ISA. I know we can't do both next financial year, as a new kitchen has to be financed. Any…
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Santander Super Flexible ISA
Hi, What's the differences between this and the flexible ISA? I looked on the website, and can't see the differences, it pays 5.5% while the flexible ISA pays 3.5%. Thanks
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Cash and shares ISAs
I am pondering investing in the above type of ISAs, I tried to have that type of account a few years back. I backed out because the salesman at the bank told me that shares go up and down, he didn't quite answer my question about whether it affected my money that I put into the ISA account Say for example, I put in the…
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Transfering out of 7% ISA with Saffron BS
Hi, I am new to the subject of transfering cash ISAs so please don´t be too harsh with me and the question I have. I have a fixed rate regular saver ISA with Saffron BS paying 7% this year. I consider moving the money to my existing other ISA with Halifax and then to see what to do with the total sum. Will probably put it…
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ISA Newbie - how to open one? Can you get to the money?
We have some savings that we think might be better in an ISA as it is currently in a savings account. First off, how do you open an ISA? We have never had money before so are not sure what to do. I understand we can open one account before 1st April - so we can deposit £3,600 each before April and it is tax free, and then…
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Question Of The Week: New cash ISAs
Q. I am confused about new Cash ISAs. I realise I can only open one per year, but if I have an existing ISA, can I transfer that as well? I'm attracted to the Santander 3.5% (new money only). Rob by email. A: The rule about opening ISAs is actually that you can only pay in to one ISA each year. Yet ISA transfers are…
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Profits from stocks in self-select ISAs
Hi everyone, This is my first post on this forum. I will set up a self-select Stocks ISA in the next tax year 2010-11 and because I am over 50 I can invest £10200 in the ISA. I am thinking about putting £10000 in Stocks and the remainder in cash (£200) to start off with. Now, suppose I buy 2 stocks priced at £5000 each and…
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Will my old ISA still be tax free if left untouched?
Hello I opened my first cash ISA last financial year (08/09) and in process of opening another before the end of this financial year. MoneySavingExpert guide states.. "Each tax year (6 April until the next April 5) everyone aged 16 or over gets a new cash ISA allowance. If you don't use it, you lose it. Yet if you do put…
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Are savings tax free when unemployed?
If you become unemployed am I right in assuming you no longer pay tax on any interest? Is this an automatic process or do you have to prove to the bank that you don't pay income tax?
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Santander 3.75% 2-year fixed rate cash ISA (£10,0000+)
Anyone getting their hopes up about the above - reported on the http://www.thisismoney.co.uk/isas site - forget it, it does not exist (I've checked Santander's website and called into my local branch to check). Unless you're over 50 (in which case SAGA's 3.6% postal A/C is available), 3.51% still appears to be the best…
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Halifax Web Saver Extra
Hi all I currently have £3,600 in a Halifax ISA Saver Direct. The interest rate has been 0.5% for this year so i'm looking to change now. I want to have unlimited withdrawals so I was looking into the Halifax Web Saver Extra. The rate is 2.8% at the moment so makes sense to move it over before April. My question is, with…
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transfering to first direct
Hello, I just followed the link to open a new ISA and transfer previous ones to first direct, but it then says you have to open an account, and have £1500 going in each month or pay £10. Is this correct? If so which is the best ISA to transfer previous money into which is more straight forward. Thanks in advance for any…
