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ISAs & tax-free savings

Archives for August 2017

REWS - renewable energy
Hi Experts, I am a newbie here and trying to find a way to invest small savings. I have been seeing news/getting calls about renewable energy investment with fixed returns. I am unable to use links but if you search for "rews GCI markets" you get a link which talks about investment opportunities and the returns it can…
Hargreaves Account management fee
Hi, I hold an ISA and SIPP account with investments in funds only Has anyone experience in challenging Hargreaves on the account management fee? In particular as Fidelity overs a reduced management fee of 0.1% for holdings of under 250k and 0.25% to 0.15% if holdings are above 250k. Want to stay with Hargreaves for…
25 Years Old, Saving £150/month
I'm 25 and since I was young I've been saving/investing, but more on a whim than regularly. For example if I had an extra £500 at the end of the month I'd invest half of it. But I want to start putting aside £150 a month while I'm at university, and after I graduate next year I'll increase it accordingly. I already have a…
Is there a danger of over saving into a LISA?
Hi I've done several searches on this on the internet and I can't get a clear answer. I'm currently about to start saving for my first home using 2 LISAs with my wife. By the end of tax year 2 we'll probably have more in the LISAs than we actually need for a deposit. I'm confused about the rules on withdrawing any left…
Best high street ISA
I am after a bit of help with setting up an ISA, I currently have a ISA saver Variable with Halifax giving 0.35% interest. I have just received a letter from them saying that they are changing my account to a Instant ISA saver and will only get 0.05%!!! I was shocked at the difference between the two. I am 19 years old…
Using HTB ISA as a regular saver transferring annually to LISA?
Hi, I've got a HTB ISA @ 3.5% interest. Was thinking of opening a LISA with the minimum, and then transfer balance at 5 April 2017 to the LISA this tax year (which would not use up this tax year's allowance) and then the remainder transfer in March 2018 with all the remaining HTB balance plus all the future payments into…
Help to buy, LISA or both?
I know the Help to Buy Vs LISA debate has been done to death but I wondered if anyone could offer any advise on my personal situation. I have read lots of info so I understand the difference between the two accounts but I still can't work out what me and my partner should do in our situation. I am 33 and my partner is 36.…
Opening new ISA after having contributed to another one
Hi, I am currently holding my stocks and shares ISA with Fidelity and I made a request to transfer my holdings to Charles Stanley. As required, in order to make the transfer, I had to open a new stocks and shares ISA with Charles Stanley. But I just checked my Fidelity statement and I noticed that for this tax year I made…
I'm 22 and have £30,000...what should I do?
Hi, I'm lucky enough to have inherited £30,000 and I obviously want to use it to my best ability, whether that be putting it in a bank account and not touching it for years or investing it. Any help is appreciated!
upset - help to buy isa closed below min - lost all.
Hello, I am just posting my frustration after a tedious process of a house buy, the last thing to do was to get a closing statement of our help to buy isa for our solicitor. me and my partner both went into the bank and closed our help to buy isa *yay* waiting 5 days for our letter, nothing. called them up, they said they…
Skipton Building Society ISA - Credit Check?
Hi :) Does anyone know if Skipton Building Society does a credit check before letting you open its Cash Lifetime ISA?
Confused about HTB to LISA Transfer
My apologies if this has already been discussed, I couldn't find anything specific on this in the forum. I've just opened a LISA with Skipton, and have money in a previous Help-to-Buy (HTB) account that I'd like to transfer into the LISA (without impacting my 17/18 LISA allowance). I've been continuing to put money in the…
Changing LISA types
Can anyone tell me if it's possible to open a cash LISA then move it later to a S&S LISA, please? Or the other way round?
Advice please: How to make the most out of savings
Hello, I would like to have some advice please. I have some savings and i'm looking to put them into some sort of account for 2-3 years. What would be the best way of doing this? An ISA? Fixed savings account? What would you recommend? Also i'm starting a full time job as I have been studying, should I open another account…
Is my Save to Buy ISA still valid for the the government cashback scheme?
So my husband and I opened a save to buy ISA each in 2015. We are now in the process of finally buying our first home only to be told it's now help to buy ISA for the government scheme! We can close the save to buy and open a help to buy but can only put so much in per month which will take way too long. Furious is an…
Is my Save to Buy USA still valid for the the government cashback scheme?
So my husband and I opened a save to buy ISA each in 2015. We are now in the process of finally buying our first home only to be told it's now help to buy ISA for the government scheme! We can close the save to buy and open a help to buy but can only put so much in per month which will take way too long. Furious is an…
NS&I isa transfer
Both my wife and I have funds built up over number of isa's that are only enjoying .7%. How do I go about transferring to another account and do all allow transfers in. Can anyone recommend one I can transfer in to.
EIS and SEIS
Hi, After having abandoned the idea to buy a house, I am currently trying to find the best allocation to my money. My total income this year is expected to be a bit above £100,000 so apart from my marginal 40% income tax and 2% NI I will see my tax free allowance reducing by £1 for every £2 extra income I earn.…
Junior ISA
I've just moved my daughters Child Trust Funds to Junior ISA's and need to make a decision about what funds to invest in, I've been looking at either a VLS80 or VLS 100 but am not sure which way to go. Assuming they want to use the money when they are 18 rather than leave it invested how should I invest as they have 4 and…
Immediate ISA transfer: too quick? Risk of fraud?
I have just opened a cash ISA with Charter Savings Bank. The whole process was quick and straightforward, including the transfer of my Virgin Money ISA. In fact, possibly too quick! I applied online, and in the application process I gave the details of my Virgin Money ISA, and said I wanted to transfer it entirely to my…

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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
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
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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