ISAs & tax-free savings

Archives for November 2017

Which Stocks and Shares ISA
I am a higher rate taxpayer looking to begin investing in stocks and shares. I am looking to build a good portfolio which I manage myself (Economics Graduate). I was just wondering which ISA platforms you'd recommendwho have the most shares available with reasonable fees? I know people who use Halifax, however their trade…
Minimum JISA monthly advice
Hi A family member would like to start saving in a JISA S&S Funds are tight so they are thinking of £15-20 a month They can possibly put an lump sum after the year but are confused as is this possible ? So they could open an ISA with a lump sum of £500 and then put another £500 every year Is this correct. They looking at…
Help with ISA rules
Hi, Can anyone tell me if you can have 1 cash isa balance and transfer it into 2 cash isa's? I cant find any info online. For example purpose Lets say I had £500 with LLoyds cash ISA and I wanted to transfer £250 into Santander cash isa and £250 into barclays cash isa. Is that allowed or does it count as opening new Isa's?…
ISA and savings...help needed, please
Hi, I am new to this forum and I hope someone can help. After 10years of living in UK I decided to move back to Czech republic.I have got Isa and savings but I would like to keep them still here because I hope in the future exchange rate will be better. I basicly want one account with all my savings if possible with good…
transfering part isa from fixed account
i really need this explained VERY simply:) i moved my old isas to the virgin fixed 1yr account at 1.5% a few weeks ago and also added in an amount for this yrs isa. i have gone over the fsc protected limit. DUH. i was told from virgin that i would get a 60 days interest penalty on the money i took out. say for example i…
Junior ISA/savings account for non-British Citizen
Hi everyone, My brother-in-law recently had a daughter and I'd like to contribute a small amount of money each year into an account for the child's future. They are South African citizens and live there with no plans to relocate to the UK. Me and my wife both live in the UK, I'm a native Brit and my wife is South African…
Isa transfer old/new
I have a isa with santander since 2015 and i moved some of it £25k to a new isa with rbs this year, but as the rate is so low with santander can i transfer the rest of the isa to another isa now? Thanks
LISA Bonus question
Hello, Im looking at opening a LISA over the next few days. There are a couple of things i have noticed which is unclear 1. The gov website says the bonus is paid annually - is this annually from opening the account or is this between tax years? ( i understand that the Bonus payment method changes next tax year) If it is…
goggsiewoggsie
help im not a money guru but have 15000 in an ISA paying1.05% and 4000 in a an e savings account paying 1.25% thinking of taking money from ISA and putting e account should i do this before APRIL2018 or leave till then cheers
Stocks & Shares ISA
Hi, Perhaps others may be in a similar position: I have a Stocks and Shares ISA that has gone from £7000 to £4600 over the last 20 years or so. It currently attracts a 1.6% management charge. I was thinking about either moving it to a different provider and hoping for better returns or taking the hit on the tax efficiency…
ISA limit changes (or not) - 2017 Autumn budget
Individual Savings Account (ISA) annual subscription limits The ISA annual subscription limit for 2018-19 will remain unchanged at £20,000. The annual subscription limit for Junior ISAs and Child Trust Funds for 2018-19 will be uprated in line with CPI to £4,260.…
HTB-ISA, Lifetime-ISA & inheriting property
As i had a look online & saw a bit of an argument with one side saying yay & the other side saying nay i thought i'd just do what i usually do & come here for what should be a proper answer. :) My brother & sister will both be FTBs at the moment. I'm not. They both have a HTB ISA but are looking at switching to a LISA &…
Spending LISA
Hi there, I have a LISA and so does my fianc!e; both saving for first time home. We aim to buy using the help to buy scheme, so would only require 5% deposit. By the time we go to buy, we could have around about 20k in a Lisa ( if we both pay max contr this year and at start of next year) What I wanted to know is, what can…
Help to buy ISA, investment in land?
I would like to open a help to buy ISA. However I have used the Moneybox investment ISA service in which your money in invested into various things, including companies like British land, and a global property shares fund. Would this cont as me investing in land (which is against the Life ISA rules)? With moneybox its a…
Which way is best
Hi. I am a parent who has put away money into an isa for my 2 children as a deposit for their first house. Currently there is approx 14k in each of the two isa’s. I would like to move this s money into better option for them, either a cash to buy isa or a Lisa for the potential 25% benefit. Which way should I go with this…
Cash ISA - Move or not to move?
I currently have a cash ISA with Paragon Bank paying 1% on around 42k. I am not likely to need this money in the near future and next year will be looking at saving around 7-8k. I am considering moving 40k into a 1 yr fixed rate bond paying 1.95%. This seems to make sense now but long term i aren't sure! Obviously i am…
How to transfer from HL S&S LISA to a cash LISA?
I just read this post here and in order to transfer money from a HTB ISA to a cash LISA i understand that an already opened S&S LISA (with Hargreaves Lansdown) will need to be transferred to the cash LISA first before the HTB ISA. This will all need to be sorted out by next April anyway so the S&S LISA will need sorting…
Skipton LISA - Transfer in from partners account
Hi, I have a Skipton Lisa opened with £1. Can my partner transfer in the remaining £3999 from there account? Or would it be better to transfer into my account then I transfer again into the Lisa? Thanks!
Transferring Fixed ISA and paying penalty.
This is purely a theoretical question but can't quite work out answer. Coventry 3 yr Fixed ISA 1.4% opened June 2017 with Combined/Transferred Funds Think penalty for early transfer etc is 180days and since this is less than a year I'm certain there would be less to to take out than went in. was thinking of transferring…
Cash ISA transfer query
I currently have one cash ISA, the entire balance includes all previous years payments. I have paid into it during this tax year, but still have a fair way to go before reaching the limit. If I transfer this entire balance to another provider, can I still pay in (up to the allowance) during this tax year? Thanks in advance.

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