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Tax free savings affecting wife's tax code. Why?
My wife has given up part of her tax allowance in the form
of a marriage allowance, as she works part time and is a non-tax payer. I would
expect her tax code to be 1131N giving her a personal allowance of £11,310 but it
is actually 963N, which my wife has been informed is correct. As she is a non-taxpayer we have much of…
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Top 2-year Fixed Cash ISA rates
Kent Reliance rate is 4.4% but I have found a rate online of 4.75% from The Cumberland. Is there a reason this one is not included in the MSE top picks?
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ISA maturing - does this sound like a reasonable idea?
I have £40k maturing in an Isa with the Coventry. Rates they're offering are as per the website for 1,2 and 3 yr rates. Theres also a 5 yr not on website when I looked. The 5 yr is 4.05%. I am thinking of splitting this money in half and putting 20k in the 5 year and 20k in the one year [3.65%] as these 2 options seem the…
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Transfer of current year's ISA savings allowance
Is it possible to transfer my current year's ISA subscriptions to another provider which allows 'mix and matching' of more than ISA product, and then split the subscriptions across more than one ISA - I have £20k in a virgin ISA (current year sub) and I want to transfer this £10k into a 1-y fix with Charter and £10k into a…
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Transfer rules
Say I open a cash isa in November and it's fixed for 12 months,am I right in thinking,I can open and contribute to a new isa from the new tax year in April, (and max this out with 20k),then when the fixed rate is over(next November) I can transfer all or part of the cash in that isa to another isa (or, theoretically,more…
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Aldermore 30 Day Notice Cash ISA - Transfer previous years only?
Hi I want to transfer an old cash ISA into Aldermore. I have paid into a different cash ISA this tax year and don't want to move that. Is this allowed? I thought it was, but on the application form it says: "Have you already opened a Cash ISA with another provider in this tax year?". I have, so I say Yes. Then it says:…
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1y ISA fix now or wait for next BOE raise?
Hi all, Debating with myself if I should keep 20k in easy access for now, currently spread over various accounts (Al Ryan 2.81%, YBS 3% level from 9th Dec (maxed out), HSBC 3% (maxed out), Santander 2.75%) or move to a 1y or 1.5y fixed ISA. Need access to the cash in Summer/Autumn 2024. Will break the higher rate threshold…
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Switching from current Shawbrook Bank 1 Year to their 2 Year fixed rate Cash ISA
So, I'm currently on the since withdrawn 3.90% (3.83% monthly) 1 Year fixed rate Cash ISA with Shawbrook Bank. I transferred to them from Paragon Bank and have already used my 20K allowance for 2022/2023 I've currently got around 79K in the account and with rates possibly dropping now/by next October, I'm considering…
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Question about fixed Cash ISA
So you can only pay £20,000 each tax year. So if I open a fixed ISA, can I only pay in £20,000 or could I transfer a Cash ISA that has more than £20,000 in it?
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Vanguard ISA to Virgin Money transfer
Hi, I tried to transfer this morning online my Vanguard ISA to Virgin Money, however Vanguard was not part of the drop down list of options. They link me to download a form to send it. Is it possible to do this and is this the only method? I have already sold all investments so i thought it would be a straightforward…
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Help please re: Virgin Money Fixed Isa's
Have tried sending secure messages to Virgin but keep getting logged out and have given up waiting for tel call to be answered after queuing for around 40 mins - so thought I'd ask here in case anyone can help please. Do Virgin pay the interest on fixed Isa's out to your nominated a/c when opting for it to be paid monthly?…
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virgin media fixed rate isa .
set up a online account to open a 2 yr fixed rate isa.the account is up and running but have not put any money in it.have since found a better deal elsewhere .do i have to close the virgin account before i can open another isa elsewhere .
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Flexible ISA question
I have a flexible instant access ISA that I have withdrawn money from in this financial year. I now want to replace the money that I have withdrawn before I fix it for a year. If I do this will I still be able to open a new cash ISA in this financial year?
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LISA Allowance - strange goings on!
Daughter has just transferred from skipton to moneybox. She paid £4k into skipton this May. Moneybox app says she still has a £1k bonus to claim for 22/23. Have just gone back in to the skipton account and it states the following: Not sure what is going on. Have I missed an increase to 8k or are both these banks systems…
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Help to Buy if i'm using a loan rather than a mortgage
I have a help to buy ISA, but am going to buy my first home with a loan from family rather than a mortgage. Does that mean I won't qualify for the bonus on completion?
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Bed and ISA - loss in trading account carried forward to use against future gain?
Hello everyone, As part of Bed and ISA strategy, I am going to sell shares worth of £15,000 in trading account and then buy back in ISA account. But it will create a loss of around £15,000 in the trading account. Yes, the shares lost around 50% of its value. My question is, if I have no capital gain during current…
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Transfer to Kent Reliance ISA 1yr fix
Bit the bullet and opened a 1yr fixed ISA with Kent Reliance at 3.95% interest. Within the application, I requested a full transfer of £20k from another ISA provider.Does anyone have experience of how quickly Kent Reliance process ISA transfers? Thanks in advance.
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ISA Fix now or wait
Hi should I lock into an cash isa now or wait for interest rates to rise?
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Will MSE lobby the government to raise either PSA or ISA allowance?
Inflation is still rising and the BOE is inreasing interest rates sharply and predictions show further rises are inevitable. Banks only pass on interest rates slowly and many new saving products are withdrawn from the market, sometimes after days. However, mortgage rates increase quickly, sometimes the next day after a BOE…
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Transferring ISA to Santander - time taken?
I applied to transfer an ISA to Santander 20 days ago. Got an acknowledgment letter almost immediately but since nothing. Is this wait time normal? (tried Customer Services who said appropriate department would text me - they didn’t).
