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LISA: should I pay 25% to withdraw?
Hi all I took out a LISA smartly thinking it was the best way to save to buy my first home. However, circumstances changed and I'm now buying a house with my sister and her partner. We're buing a house worth more than £450k (we're in London), meaning I can't use my LISA savings for the house purchase. I'm trying to work…
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ISA or pension
I have just had the money back from my LCF Bond and wondering should I put this into an ISA/savings account/premium bond or move it into my pension fund? I may need the money at a later date so hesitant on the pension fund but any advice on where to put the money as a savings would be great. Thanks Rosie
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S&S to S&S ISA question
I currently have three accounts with Hargreaves Lansdown; a LISA (currently topped up and invested), a S&S account (currently investing) and a newly set up S&S ISA (with no money in it yet). I have just learnt about the tax benefits of the S&S ISA (new to all of this). My question(s): * If I plan of disposing of these…
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Lifetime ISA - deposit on exchange
Hi all, I’m a FTB and my deposit was saved using a Lifetime ISA. The money is now with the conveyancer, but now that we are ready to exchange, they have said that money from a Lifetime ISA cannot be used as a deposit on exchange, and that they can only send it to the seller’s solicitor upon completion(!). They have not…
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Lifetime ISA question
Hi, If i was to open a Life time ISA today and put £4000 in, then this time next year put another £4000 in, would my bonus in April 2023 be £1000 or £2000 total? Thanks, Sam
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30 days is too long to shift Share ISA to a Cash ISA
My Share ISA under Tilney which took over BestInvest - after decades in the doldrums - largely because the fund managers really did nothing. I was so busy trying not to loose my job that I never really got around to doing anything about it. I always found that providers are very quick & eager to take your money but there…
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Moving money - will I be charged tax?
I have some money in a stocks and shares ISA (6k), I want to move it in to a debit account to buy something but want to know if I will be charged tax on it? I don’t work so not paying tax and I wondered if this would be taxable or not? Thanks
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Lifetime ISA /Help to Buy for first time buyer
I have a small amount in my help to buy. I am hoping to buy a house next year, if i transfer my help to buy and top up to £4000 into a lifetime isa now would i get bonus this tax year and next tax year if i bought a house after next april? I was thinking we use two lifetime isas for me and my partner so we can get double…
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ii refuses ISA transfer
Good evening, I only hold cash in my ii ISA and I want to transfer the amount to a different ISA. ii refuse the transfer. Obviously, the cash has the tax wrapping value that I want to retain. Has this happened to anyone and how can I make ii do their job? Thanks
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Lifetime ISA tax year vs calendar year
I’m struggling to find an answer to this question… My husband and I recently opened a LISA each to save a deposit to buy our first house. I understand this has to be open for 12 calendar months before we can get the 25% government bonus. Is it the case, however, that I could deposit £4K into the account this tax year…
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Stocks and Shares ISAs Choices?
Investment £20000 and then a monthly £100 or a lump sum each year depending on what we have spare. Period intended is 10 years. We do not want to be managing the investments. We could open 2 with £10000 in each one or put £20000 in one (assuming this is better value re. fees). We do most our banking with Halifax and…
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Peer to Peer ISA Transfer Out
Hello Forumites. I
have a Funding Circle Innovative Finance ISA (IFISA). As FC isn’t re-investing retail funds now
this is slowly / very slowly being converted into available money. I think of this as being cash but other ISA
providers see it as a Stocks and Shares ISA. Because of this I am having
difficulty finding a cash…
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Stocks & Shares ISA, Add in a lump sum or better to ladder in?
I've already got a Stocks & Shares ISA which i add to monthly and is doing well. I've just received some inheritance and want to add it to my Stocks & Shares ISA so wondering if im better just chucking everything all in one go or am i better laddering in say £1k a month?
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Help to Buy vs Cash ISA
I understand that a Help to Buy ISA is a form of Cash ISA, and that there are rules preventing you from opening more than one Cash ISA per year. I’m comfortable with that rule as I opened my HTB 5+ years ago. What I’m struggling to understand is the rule which prevents you from paying into more than one Cash ISA per year…
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Invest in one fund or multiple funds?
Hi After some advice please. I have opened two investment JISAs for my two daughters. They both have different amounts in there as cash and thus far I have invested £1000 from one account and £750 from the other account into the same fund - Fidelity's Multi Asset Allocator Growth Fund (balanced risk). My next question is…
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Non-resident investment options
I am 55 y.o. non-resident (Spain) with 40,000 to invest after selling a part share of flat in UK. Already done capital gains declaration etc so all good with HMRC. However, I am unclear about the best way to invest this sum. I know that I can't have an ISA and that savings accounts are not keeping up with inflation. I…
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ISA inheritance non-spouse
Hi all, hoping someone here can help me please? My brother died and left a small amount of cash and 2 ISA's worth around £12000. I contacted the provider who mentioned APS ISA's but looking online these seem to only be available for a spouse/civil partner. My brother was single so I think the provider was wrong and I've…
