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Bequeathed shares
My father died last August and left an estate to myself and three younger siblings. The estate contained a portfolio of shares valued at £120K, as of yesterday their value was £95K. I've tried to educate myself concerning share ISAS's and am left unsure whether to go that route, whilst my siblings are always short of money…
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Transferring in a Lifetime ISA.
Im sure I remember reading something that would mean a transfer eats in to your yearly allowance although can’t remember if that’s for LISAs, HTB ISAs or both. Freshly opened Lifetime ISA with £0 in. Have Lifetime ISA with different provider that contains money from a few tax years ago. Say £1000 for easy maths. Can you…
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S&S ISA – Managed Funds Learning Curve
Hi all, MSE Newbie here! In mid-Jan 2020 I took the plunge and invested £7.5k into a few managed funds via HL for the first time, after a lot of thinking/reading/learning from scratch. Not soon after...well, we are where we are as of the 9th March with the market doing what it's doing. Hindsight is a beautiful thing and…
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Am I counted as a first time buyer?
Hi,I recently inherited my fathers house ( value currently around 40k as it is in the west coast in a small town ) but I rent a flat in edinburgh. I also got a cash sum of around 60-70k. Would I be able to save in one of the "help to buy" schemes?Not sure it would out perform a regular stocks and shares ISA but figured it…
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Advice on help to buy loan ATP please
Hi, we have received our mortgage offer from Barclays and are now awaiting the help to buy loan ATP. We were advised there are delays with applications due to them changing hands. My question is, as we have received our mortgage offer, would there be any reason for our help to buy loan application to be declined? As the…
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Cash in Junior stocks & shares ISA? - Coronavirus crash
I have a Junior stocks and shares ISA for my 5 year old son, which I pay into monthly. The total value has dropped around 10% since the market plunge last week. I have read lots of advice to say that now is a good time to buy into a stock & shares ISA due to low share prices, so I will probably continue to make the monthly…
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Tax on savings as a self-employed person
Hi everyone, I am a bit confused. I understand that since April 2016 you can earn up to £1000 in interest from bank and building society accounts and not be taxed on it. But I have been looking at my latest tax return and HMRC have added the interest I have earned (under £1000) to my ‘profit from self-employment’ to get a…
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Contribute to Virgin E-ISA / Leeds BS ISA - Opened in previous tax years
I am asking this on behalf of two family members. They have a Double Take E-ISA (Issue 7) with Virgin Money paying 1.5% and a Limited Issue Online Access ISA (Issue 11) with Leeds Building Society. Neither of them have contributed or opened an ISA for the current 2019/20 tax year. Does anyone know if they will be able to…
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Considering suspending monthly payment into S&S ISA due to Covid-19
With the stock market tumbling at the moment would it be sensible to suspend my monthly payment until the crisis is over & market picks up again? Or should I just ride out the turbulence ?
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Pay into two stocks and shares isa same year
apologise if this been asked before I couldn't find exact answer. I have a stocks-and-shares isa which was opened prior to this year, I have just deposited £20 to it (It was a small amount to just verify my bank transfer->isa setup works.) If I open another stocks-and-shares isa with another provider this year, and deposit…
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Does this maneuver comply with the current ISA rules?
Let A and B be stocks & shares ISAs I opened several tax years ago. During the current tax year, I have been depositing money into A and A only, fully utilising my allowance. During this same tax year, can I open a brand-new stocks & shares ISA we'll call C, and do a partial transfer from B to C? Thank you!
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Lifetime ISA Early Withdrawal
Hi all, I am wondering if there is any way to withdraw or transfer from my lifetime ISA without ending up with less than I put into it. I know there’s a 25% fee on the withdrawal if it is within 12 months of opening but is there some way of perhaps transferring to a help to buy isa or some other account that means I can…
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Fully online Cash ISAs
HiCan anyone suggest any table topping Cash ISA providers who's process is fully online? I'm thinking mainly of the transfer process here. I want to avoid sending a postal transfer request. I've had problems in the past with these. Many thanks
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Deadline for paying into Lifetime ISA
Apologies if this has already been answered somewhere else - I've had a look and can't see this question anywhere. I have a lifetime ISA account with Skipton, and have just transferred in an additional £4,000. While doing this I noticed that the email I had from them last year confirming my bonus says:Great news, your…
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Junior ISA
I’ve just received a letter from my child’s trust fund reducing the interest rate, I’d like to transfer to a junior isa but the amount we have in the CTF exceeds the annual amount you are permitted to transfer. I’m not sure what to do. Any suggestions?
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Transfers in : Cash LISA to S+S LISA
I have a Cash LISA with Moneybox but wish to convert it to a Stocks and Shares LISA. As I cannot transfer it to a product within Moneybox and I am struggling to find a provider that will accept transfers in from Cash LISA to S+S LISA I was hoping someone out there may know of any providers that do this. So far I know only…
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Cash ISA into Stocks and Shares ISA
I'd like to take advantage of the 2019/20 £20k allowance to invest in a Stocks and Shares ISA, but I don't want to be pressured to buy £20k of shares over the next month. Is it possible to put £20k into a Cash ISA this tax year, then over the course of the coming calendar year shift it to Stocks and Shares enjoying the tax…
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Sharia compliant JISA
This appears to be a niche topic I can't find much info on so hoping someone here will know :) I'm looking to open a JISA for my son which will be Sharia (Islamic Law) compliant. This means there won't be investments in a bunch of otherwise typical items, e.g. interest paying bonds, financial companies, arms, etc. I'm new…
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Flexible ISA Question
If I have contributed £5000 this tax year to a flexible cash ISA and contribute a further £5000 in the next tax year, will both amounts be available to take out and use elsewhere or just the current year's contribution? Apologies, just saw the Flexible ISAs guide below which answered my question.
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LISA Bonus
Hi, hopefully not a silly question. My daughter opened a Nottingham LISA account a week ago & today transferred £4000 into it. She plans to pay another £4000 in at the start of the new tax year. Will she recieve the full 25% bonus i.e. £1000 for this 19/20 tax year (even though the £4000 was paid in just today) if so will…
