ISAs & tax-free savings

Archives for May 2020

Confused about choosing a junior s&s isa
Hello! I'd like to save £50 per month for my 4 year old son. I think due to the length of time of investment, it would be wise to consider a s&s isa instead of cash. However, I've never had one before and choosing one is confusing. Does any have a recommendation? I want a "pick and forget" option as far as possible,…
ISA accidental exceedence returns
If you accidentally deposit an amount which takes you over your tax free ISA allowance, I know most banks return this automatically to your current account. But is this amount taxed and would you still need to report it to HMRC? Or is it just instantly rejected and returned by the bank before it can start earning…
Vanguard ISA Transfer Issue
I have had huge problems transferring a Cash ISA from Virgin Money to Vanguard. They were meant to transfer my Cash ISA into an S&S ISA (their Global All Cap fund). Two months later after a load of hassle, I checked my account and saw that they had completed the transfer. However, it is sitting in my account as cash. Does…
Drip-feed during Covid
Have recently transferred old ISA S&S to new provider - Vanguard. This has left me with a cash lump sum I can chose how to invest. (I assumed I’d have to select a new investment product for entire amount prior to transfer) I plan to drip feed but unsure how for long, especially during Covid. Research shows 12 months is…
Chargeable event certificate
Hello all Hoping for some guidance as in receivership of a chargeable event certificate for a trust in my name set up following the passing of my husband. The trust has been in place for five years and I take a monthly income from it. It appears we’ve exceeded the 5% max withdrawal limit and received a chargeable event…
Transferring shares from Computershare
I have been receiving free shares for more than 10years while also buying extra shares through the company i work for. I would like to transfer everything to Hargreaves and Landsdown so i can have all my shares in one place. Before i start the process i would appreciate some thoughts. -If i transfer will my free shares…
Partial ISA transfer x 2 into 2 different stocks ISA
A bit of a complicated one, but I have a cash ISA I opened and contributed to last tax year (but not this tax year). This tax year, I plan to open TWO stocks and shares ISAs. I will contribute to one with new cash. And I plan to transfer half of the cash ISA into one of the new stocks ISAs and half into the other new…
Childrens ISA - Removing funds
Hi, with ISA rates being next to nothing, can i remove my childs funds and move elsewhere (outside of an ISA) or must this type of account stay as is but perhaps with a different bank? THANKS
Is it sensible to open up a Lifetime ISA during Covid?
Hello, Please can someone advise me on this? My main worries are: What happens if my provider doesn't survive covid, do I lose my money? If I lose my job would I be able to have access to the money soon after I set up? Should I wait until after covid? Thank you :)
Reclaiming tax from an AVC lump sum
Could anyone offer some advice please? My mum thought her pension included an income from her AVCs but when she recently turned 75 she had a letter asking what she intends to do with the AVCs as they'd just been sitting doing nothing! Not great planning but a nice surprise and she decided to take it all as a lump sum which…
First time buyer as a EU citizen
Hi all! I've studied and worked in the UK on and off over the past 8 years. After my undergrad (4 years) I was forced to return to my country of origin (in EU) as my parent had declared bankruptcy on their business and couldn't pay for the mortgage of the flat any more, therefore I had to return at 23 and get a job to…
Applying for two stocks and shares ISAs in same tax year
Hi, I am hoping someone can help please. I currently have two ISA accounts. A cash e-ISA with Virgin and a Lifetime ISA with Skipton. This tax year I have maxed both out (£16k Virgin, £4k Skipton) and am wanting to move the Virgin ISA to a stocks and shares ISA and the Skipton LISA to a stocks and shares option (AJ Bell).…
Nottingham LISA - paying in or transferring in (once account is open)?
Cash LISA opened. I've taken a look around the accounts and clicked various links but i am missing an option to actually either pay in to the account or find how to transfer in to the account (from a HTB ISA in case it makes a difference). I did start looking how to transfer in but when i couldn't do that i thought of just…
Lloyds Shares
What do you guys think of buying lloyds share at the minute? Just browsing and saw for a big company share price seems low?
Junior S&S ISA advice please
I am looking for some advice please. My children aged 16 and 14 have £10,000 each left to them in a will. After researching I am thinking of putting it into Vanguard LifeStrategy 60%. Would this be a good option or any other ideas please? Thank you
Junior Cash ISA AND Help To Buy ISA
Can my 17yr old pay into a Junior cash isa (Halifax 2017/18) and help to buy isa (Nationwide 2018/19)- both opened in different years? Only paid into HTB ISA since it was opened. HFX rate is much higher than other cash savings accounts(for now!)
Help to buy ISA v’s land owner
I currently have a help to buy ISA, which I save into regularly each month the maximum amount to get the 25% government addition. An opportunity has arisen to own a small parcel of land, under 1/4 acre, I was wondering, if I bought the piece of land would this have an effect on my help to buy ISA and result in losing the…
Transfer Lifetime ISA over 40
I've had a lifetime ISA for 4 years and it has performed really badly. Now over 40 and I can't transfer it. I've stopped paying in but inflation will make it worthless by the time I'm 60. What can I do? HargreavesLandsown will not let you transfer from an existing LISA and AJ Bell will not even let me open one as I am over…
mature
ISA matures in 2 weeks can I transfer now
New to investing - VWRL
I am new to investing. I'd like to invest in a Vanguard ISA - Particularly FTSE All world (VWRL). Initially put in £1k and about £100 per month. What is the best platform to do this with? I am concerned about charges. I realise that generally lump sums fair better or at least equally as well as drip feed but emotionally I…

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ISAs & tax-free savings

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