ISAs & tax-free savings

Archives for July 2010

NS & I ILSC not currently on sale
Is this unusual? My mum's just come into some money and we've been looking at them for her retirement planning, money's just come through, but we can't currently buy them :mad: Will they be on sale soon, does anyone have any idea? My concern is that they're looking like such a good idea with RPI looking high in the near…
Student Tax-free Savings
Hi all, I recently got back into education by taking a postgraduate course and as a full-time student, I understand that I will not have to pay any tax. I have money in Cash ISA but the rate is obviously very low. I was thinking of pooling all my money from ISA into Lloyds TSB Vantage Account (which has higher interest…
Does interest count in cash ISA max amount
I've taken out a 5 yr fix rate Cash ISA with Birmingham Midshires at 4.25% interest. I'll get £216.75 interest in 12 months time, paid into my cash ISA account. Does that mean that next year I can only invest £4883.25 in this cash ISA (5100 - 216.75)? assuming of course that £5100 will be the max limit again next year.
Standard Life (Barclays) Direct Access ISA rate cut
I received notification that the Standard Life (Barclays) Direct Cash ISA rate will be slashed from 2.65% to 2.3% from October. Goodbye Barclays!
Gender and Age Affecting 10 Year Savings Plan
Hi there. I'm writing on behalf of my mum whose 10 year savings plan with LV has recently matured. Her husband took out the same plan at the same time, however his plan matured one day earlier. They both made their monthly payments in a timely manner. For some reason, the maturity value of his policy is around £900 pounds…
Cash ISAs - Which one for me??!!
I'm trying to save for a deposit for a mortgage and want to maximise my investments, therefor I would like to go down the ISA route but don't know which one. I have around £1.5k to invest initially with around £400-£500 per month for 24 ish months. I would like instant access but if I'm penalised with a rubbish rate for…
Transfer or new ISA?
I wondered if I could get some advice I have a Golden Barclays isa I opened in Dec , we have some money from an endowment this year and were looking for a place to keep it until next year, so was thinking about opening a Nationwide isa as it's recommended as the top rate at the mo. I have a NAtionwide account that I use…
Closing an ISA account
Have got an ISA with HSBC, it has a balance of zero (for the last two years). Have got money now that I want to put in an ISA but do not want it with HSBC, Can i simply close this account and start with a new provider without tax penalty etc etc? may sound a strange question as the account has been zero for years but would…
Dunfermline Isa fixed 3% - Can they really just close my ISA?
I asked some months ago about this ISA and feedback was positive. I was aware that they could close the account but (naively) based on the input on here, I didn't think they would do it, or would do it much later in the year. I called this week to put money into my ISA only to be told it had become a closed issue and…
Changing Share ISA provider - newbe!!
Hi Any help would be greatly appreciated! How do I move my Stocks and Shares ISA to a different provider when I have opened the account this tax year? Would I have to wait until the next tax to be able to do this? Any thoughts or knowledge..... pepsi662400
investing children's savings
My children - 10 and 14 - have savings in a high street BS childrens account but the rate of interest is woeful. One has about £3.500, the other about £6,700. I want to get a better rate of interest and am looking at fixed rate bonds - as they wont need to access the money for several years - but most of the good rates…
M&S 3yr fixed rate savings
I've got £35k for this years ISA allocation. Currently I am using M&S cash ISA which is dropping to 1.5%. Not really sure where to move, but I am thinking of placing it into their 3yr fixed rate ISA @ 3.25%. There is a fixed £100 penalty to withdraw and withdrawals can be made to other providers. I am thinking that even…
ETF's in ISA taxed?
I read an article on investorchronicle (Titled The dark side of ETF) which mentioned that gains in ETF's not domiciled in the UK are taxed EVEN IF they are within an ISA. Subsequent reading on the web gave mixed views on the topic like an article on ft[.]com (Titled Income tax hit for ETF investors) says the gains on ETF's…
Cash ISA Question
Morning guys, In April ill be at the end of my 1st years full ISA saving! However im a bit confused, obviously the lovely rate is going to drop and ill have to transfer it into a new ISA. Does that mean (once i have transferred it) i have used up 2011's allowance or am i free to open another one and save another £5100 (or…
Northern Rock ISA recommended !
I looked at the list of the best ISA's & decided to go for the Northern Rock ISA Breaker issue 2 (3%), filled in the application form, wrote a cheque out, sent it on Tuesday & received confirmation today that an account has been opened - how quick is that ??? Just waiting for the cheque to be cashed (is it 3 or 5 working…
Can I open a new ISA
I opened a new ISA for this year (after April 6th) with A&L with new funds. Can I now open a Nationwide e-ISA and transfer the funds I currently have in a Nationwide instant cash ISA into it?
Marks and Spencer Cash ISA
Last year I opened a cash isa with m&s which had an attractive fixed interest rate of 4.00%. As it was a much better rate than all my other isas I transfered the majority over. I'd be silly not too! Last month though I decided it was time to transfer the remaining isas over to this good rate. But to my horror the statement…
what does AER mean??
sorry for sounding silly, my cash isa is paying 2.5% aer, but not sure what that means?
HSBC unused ISA vs new ISA
Hi, I've got an old ISA with HSBC, opened a while ago. I don't use it now, have put no money into it since April and it is in fact empty! I did try to close it but HSBC were really awkward about it, wanting to know my reasons etc. .1% rate might have had something to do with it :doh: As a Nationwide account holder, I now…
Barclays Golden ISA - Issue 2: 2nd Year
Hi All, I have a question question regarding Barclays Golden ISA - Issue 2 which I took out in the last financial year. I paid in the full £3,600 and when I signed up for the account it included a 1% bonus for 12 months. My question is, if I pay into this ISA account again for the 10/11 tax year (the full £5,100) does…

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ISAs & tax-free savings

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