ISAs & tax-free savings

Archives for October 2021

Can I open new lisa and new stocks and shares isa in different platforms?
Hi all! I'm new to the uk and I'm a bit confused. I just opened a lisa in nutmeg and invested 4k. Now I want to open a stocks and shared isa in free trade and invest 16k. Am I allowed? Someone told me I can only join one platform a year. Thanks.
Opening (and keeping) two LISAs in late 30s to double my options post 40?
I've been reading the recent frustrations of the current inability to open/transfer LISAs beyond the age of 40. I'm wondering whether it's wise to use one of my remaining financial years in my 30s to open a 2nd LISA (current one is with AJ Bell) so that post-40 I have two to potentially transfer between - if, for example,…
Switching funds
Hope this makes sense. Will this work? I hold funds in a S&S ISA. One of the funds I hold pays the dividend monthly and have just received this. Can I switch to a fund paying dividend quarterly prior to ex dividend, receive the dividend and then switch back to the monthly dividend paying fund for two months then switch…
moving Halifax managed funds s&s isa to another platform
considering moving my Halifax managed fund (4 and 6) isa to another platform as peformance and fees have not been great but concerned how long the process can take? how long would my money be out the market for? would I be better to stay put? I would be investing in new products 🤔
iWeb platform functionality
Hi all. All of my non pension investments are in S&S ISA’s, the majority with Vanguard and a smaller amount with HL. I’ll be coming into a 6-figure sum of cash in the coming months and will need to open a GIA for it, with all the attendant considerations for dividend tax and CGT that comes with that. I plan on doing some…
ISA allowances Budget 2021
I had expected to see the ISA allowances for 2022-23 announced in today's Budget, but all it "announced" was what we already know 2.79 Individual Savings Account (ISA) annual subscription limit – The adult ISA annual subscription limit for 2021-22 will remain unchanged at £20,000. 2.80 Junior ISA and Child Trust Fund…
Internal transfer of Virgin ISA
I have a fixed ISA with Virgin maturing in a few days which is going to automatically transfer into Virgin's easy access ISA version 2 paying 0.35%. I already have a Virgin easy access ISA version one paying 0.50%. The advice that I've been given is that once it is in the version 2 I can self transfer it into the version1…
Does the £85k FSCS protection matter for a S&S ISA?
I wonder if anybody could help with a query I've got... I've looked at various sources but not yet found a clear answer. So with cash savings I understand how the £85k FSCS protection scheme works if the savings provider went bust. I also notice that all the S&S ISA providers state that they are also covered by the £85k…
Help to buy ISA
I have an isa account and I was just wondering is it worth having as I am in my teens and I do wanna save up for a house and should I put money in it and just put as much money in there as I can :)
Experience of Tesco JISA online?
I may transfer JISA from Coventry as they have just dropped rates to 2.25% (from 2.95). Yes, I can get 2.5% at Loughborough BS (whom I have never heard of) but they operate by post only. I want a JISA that I can manage online (log in to see balance and make payments to). I was sold a pup by Coventry when I took out the…
Transferring Junior ISA (JISA) Whilst Resident Abroad
As a UK citizen/resident I opened a Junior ISA for our son, now 3 with Nutmeg as a way to save for his future. Since opening the account I’ve accepted a temporary position with the US parent organisation of my employer, expected to be a non UK resident for the next few years. Ensuring that I wouldn’t fall foul of any rules…
Help to buy to life time isa help
Hello, I have recently been offered a new job as an auditor, however one of the stipulations of the job offer is I can not hold bank accounts with a bank which my new company audits. Unfortunately I have a help to buy ISA with one a restricted bank which has around 6k in it. I have been looking around to see if there are…
LISA Bonus Deduction
Afternoon all, Bit of a weird one here. I had a LISA with Hargreaves & Lansdown for a First Time Buyer deposit. I accidentally used the incorrect form to withdraw my savings and lost my Government bonus. I appealed this with H&L who declined my appeal so went to the Financial Ombudsman who also stated that I could not have…
Buy Barclays shares in a ISA or normal?
I am looking to get some shares and have a stocks and shares isa for this tax year. I am using trading 212 and I can but the shares normally or in a stocks and shares ISA. In my stocks and shares isa i normally buy ETF's, but can i simply buy £1000 of Barclays shares in my stocks and shares allowance? I notice on £1000…
Advice on transferring Post Office ISA
Hi, I am trying to transfer my post office online ISA to Leeds BS but the website will not let me skip account number and sort code and post office just say they don't have these so I'm stuck. Grateful for any advice. Thank you
ISA Transfer
I currently have S&S ISA with HL, can I transfer just the ISAs from previous years to a different provider and keep this year's with HL?
Flexible ISA question
I have a 1 year fixed cash ISA 1% with virgin money that will mature end of the month. Around £30k in there. (Previously year - old money ) My plan is to transfer to another VM product which is a flexible isa paying just 0.35% (I think VM will auto transfer it to this when it mature ) What I want to do is withdraw most of…
Is this allow?
I have regular saver ISA which only allow put in £500 per month. So £6000 a year. No top up allowed. I know the cash ISA rate is terrible but I just want to know if this is allowed. Open SSISA, put in the rest of the allowance, with the pure intention of transfer it to away to cash ISA.
ISA for house purchase advice
Hi all, I'm currently going through a divorce that's seeing me loose my (mortgaged) house and have to move into rented for a while. After all costs etc I'm going to be left with a lump sum of around £25,000 which I'd like to put to best use in around 2 or 3 years towards the purchase of another property. I'm looking for…
Dealing with old ISAs
Hi there I'm in the process of rationalising some old accounts. I currently have a help to buy ISA, to which I deposit regularly. I also have several old cash ISAs. Ideally, I'd like to combine those into one new cash ISA. However, as the Help to Buy is also a cash ISA, I know I can't pay into a second cash ISA. So I have…

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