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Pleasant Surprise from Do-it-for-me ISA
I have used these ISA platforms for a number of years but removed all prior to Brexit. Decided it was time to go back in and following ML suggestions went for Open Money. Before I could carry out any transactions I was forced to speak to an Advisor. The reason my account was 'blocked' was because I was over 75 and they…
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ISA Bonus Expiring due to Covid
Hello, Looking for advice.. we completed our exchange of contracts for our mortgage back in March 2020 and closed our Help to Buy ISA at this time. We were due to move into our new build in October 2020 but because of COVID-19 this has been postponed until April 2021. Because we closed our help to buy ISA back in March we…
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Pending SAYE shares. Planning to transfer some into an ISA but have I backed myself into a corner?
My company SAYE scheme matures in January and I am looking to protect any gains before Mr Sunak potentially points his crosshairs at the CGT allowance in the future! My wife and I have intentionally kept both our CGT liabilities at zero this year so that we have both of these available. The issue however lies with the…
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Paper share certificates & Capital Gains implications
Hi, I have recently found some old share certificates & having checked them, the value looks to be worth over £25k. I am about to set up a Stocks & Shares ISA & trading account with Web, and I wondered the following: If I want to sell the shares, what is the best process to do that to avoid capital gains? Or do shares have…
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Tax Minimisation ?
Hi - I've filled my ISA with £20k this year and my pension has £40k for the year in it. I've made a significant amount over the CGT threshold (through shares in a normal trading account) and wondered re ways to minimise tax on this. I don't have a wife so can't do the gifting. I read that can do EIS/VCT but then capital is…
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Confusion with having two S&S ISAs
I've read multiple threads, searched HMRC, Internet etc., I'm struggling to get clarification. I'm new to investing. Since May this year I have opened.. Natwest invest: S&S ISA HL: SIPP Freetrade: General investment account (just for fun) None of these will hold large amounts of money, probably less than 10k per year…
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Stocks & Shares ISA
Hello!2 months leading up to August 2020 has been an exciting one when I looked into funds, bonds, and investments and moved monies away from the almost 0% interest rate saving accounts from my Bank. I transferred some monies from my Bank's ISA (Cash ISA, presumably) and deposited it on Interactive Investor's (ii.co.uk)…
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LISA
Morning all. I am wanting to help my daughter to open a LISA (she is age 18 ) to try build up savings over the next 5-7 years or so , hopefully towards a house deposit . Are there any particular lenders posters recommend ? also , think I am right in saying that if you can get £4k into it in a financial year then the govt…
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Re-invested dividends from Stocks & Shares ISAs
My Wife and I have (separate) Stocks & Shares ISAs with a "no-advice" / self-select broker (X-O). The dividends from our shares are kept within the S&S wrapper (unless we choose to withdraw them). As you know we have a £20K limit on the investment into these S&S ISAs. My question is ... "Are the dividends we receive…
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iWeb increasing the account opening charge....
Account opening charge You'll pay a one-off £25 (increasing to £100 from 4th January 2021) account opening charge for the first account you open - if you open additional accounts then these will be free to open. Please familiarise yourself with any additional charges. So by reckoning they would now be more expensive to…
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Investing in Junior Isa for my child when on I’m onESA benefits
My parents wish to invest in a S&S JISA for my daughter. I am on ESA disability benefits so, even if I could afford to, I would be penalised in terms of Benefits. I wrote a letter to the DWP asking if I could open a Jisa for the minimum amount with my parents topping it up with maximum contributions. It would not be from…
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Confusing myself with ISA transfer rules.
Hi, I'd be grateful for some advice. I have A - Cash ISA B - Stocks and Shares ISA (opened this tax year) C - Stocks and Shares ISA (opening next tax year) So I want to do a partial transfer from the Cash ISA to the new ISA next April. But then I don't want to add any more money to it and continue buying funds in Stocks…
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Can shares be transferred to a family member without tax implications?
Hi, My Mum and I both have Stocks & Shares ISAs (in our own separate accounts) which are held via an online trading platform. The shares originally cost us around 15k each several years ago but have now unfortunately crashed & are worth a few hundred at present. The platform charges a £9.99 admin fee per month, which seems…
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Opening two S&S ISAs in same tax year
I have a Vanguard S&S ISA which has been empty for a few months and never had more than £10,000 in it. I asked Vanguard to close it and this has been actioned. I’ve now opened an HSBC S&S ISA with £1000 but am worried that I might have broken the rules. Can anybody confirm whether opening more than one or contributing to…
