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ISAs & tax-free savings
Archives for October 2021
Discussion List
Transferring cash from S&S to (new) cash isa
I currently have all my savings invested in a Stocks & Shares isa with Interactive Investor. I do not have a cash isa account and have used up all my allowance this year. As my savings are for a house deposit, I want to start de-risking by gradually moving out of stocks and into cash. I could just keep the cash in…
Unintended over subscription of ISA
In late March 2020 I deposited £20k in an ISA account to make full use of my ISA entitlement for the 2019/20 financial year. Six weeks later I realised I'd inadvertently made an ISA overpayment for that financial year as, during the course of the year, I'd already paid in £2,400 to a separate ISA account. I would like to…
Optimising tax-free allowances
First post so please be kind! I am looking to find out the most tax efficient way of using up my ISA allowance in the next FY. After loaning some money towards my first home from bank of m&d I wondered is there any way for me to pay them back in to their ISA and not have this count towards my own allowance? Secondly, after…
Investment LISAs and Investment ISAs
Hi, I was wondering if anyone could assist. I am aware you are not allowed to open more than one of the same types of ISAs a year, so you are not allowed two cash ISAs that year. If I opened an investment LISA, can I open at investment ISA. Does the rules apply? Also from my understanding, if you max out the 4k LISA, you…
Lifetime ISA - 1 Year Rule - From when?
Hi All, We're in the process of purchasing our first property and have recently placed a reservation on a plot. I have a Lifetime ISA - the date it was opened was approx mid October last year I've only just got the ball rolling with mortgage and solicitor etc My question is, as long as when I need to hand over the deposit…
Difficulty in finding funds related to the Electric Vehicle industry
There are a few of these available in ETF form, but they are not available in a UK ISA. Eg: iShares Electric Vehicle & Driver Tech - ECAR L&G Battery Value Chain - BATG WisdomTree Battery Solutions - VOLT VanEck Vectors Rare Earth & Strategic Metals - REGB VanEck Vectors Semiconductor - SMH I understand these are…
ISA provider for NASDAQ listed company
Hello to the communityI'd like to buy some shares of a NASDAQ listed company using a small portion of my ISA allowance. This would be a one-off thing for me, I'm not looking to regularly buy and sell shares and I'm planning to keep these shares for several years. What ISA provider you think I should be looking into for…
Renting LISA bought first home
I have seen multiple posts/articles on this issue and I’m still left uncertain. If I was to purchase a home with a LISA and then decide to upsize to a bigger house in the future, would I be able to rent out my first home? If so, how long before you can make this move without paying a penalty from the LISA? Any help…
Funded 2 ISA's in same tax year in error
I have a Fidelity multi asset income ISA which has a standing order to buy £200 of units each month. I also have a Vanguard Life Strategy ISA where I have added £30 cash to pay fees but they have deducted that from my ISA allowance. I know that with Fidelity I can add cash for fees without it coming off my allowance so I…
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