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Noob Question ISA 2 Year Fixed Rate - Deposits in 2nd Year Allowed?
Should be an easy one this Looking at 2 year fixed Cash ISA's However ALL the T&C's / Info I read state no further deposits after a certain time frame once opened (usually 14 days) My question is that I am guessing that the above is only in that first tax year. Once the 2nd tax year starts I can deposit a further £20k into…
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Using Lisa to buy house with partner
Hi all, my son is hopefully going to buy his first house with his girlfriend over the next couple of years. Although it is my son's first property his girlfriend already has a mortgage on her own house. I would like to know if he would be able to use a Lisa if they are going to have a joint mortgage as she's had already…
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ISA transfer confused
Hi All I've read through a lot of posts and I'm still confused, please could someone clarify. Would this be allowed? All cash ISAs Existing ISA A transferred to new ISA B with same provider, no contributions for current year in A or intention to make to B. Existing ISA C transferred to new ISA D with different provider, no…
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Virgin Money Cash ISA transfer
I have a Virgin Money cash isa on a terrible rate. I tried to transfer it to Skipton Building Society cash isa but this failed and total value returned to Virgin. I then opened a Virgin 1year fixed cash isa and tried to transfer my old Virgin isa into it. I cannot get hold of Virgin by phone and filled in their confusing…
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Can you deposit into two S&S ISA's in the same tax year via ISA transfer
On April 16 2021, I opened Stocks & Shares ISA "A" and deposited maxed out my allowance.On May 17 2022, I opened another S&S ISA "B" and maxed out my allowance On 30 November 2022, I'd like to open a S&S ISA "C" and transfer ISA "A" into ISA "C" S&S ISA "A" down has over the £20k annual allowance mainly due to dividend I…
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Fixed rate isa
I have a 5yr fr isa due to mature November 2023 and has a rate of 2.3%. The penalty is 180 days interest. Am I better to take the hit (approx £400)and switch to a better fixed rate isa.
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Help to Buy or LISA
Hi. My daughter has saved £10000 in a Help to Buy ISA, so another £2000 (over 10 months) will maximise the bonus she receives. If she is not planning on buying a house for a couple of years, is she better off opening a LISA and switching the money over? Am I right in thinking she can move £4000 a tax year, so buy 6th April…
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Inheritance isa confusion help.
I have a inheritance isa following my husbands, death it was opened early 2019. Earning totally pitiful interest. I need to look at transferring my own isa now rates have increased, can I transfer both of them together a new isa. Searching around the inheritance isas with better rates are only available to customers…
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what is the maths for ditching fixed and paying penalty?
have a fixed rate cash isa at 2.05% . trying to work out if to go to higher interest isa and pay the 90 day penalty. So - Is it correct that to work this out i take 90 days as a quarter of a year- so take a quarter off that interest rate which would mean if i could get a rate better than 1.5% then i should pay the penalty…
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Moving isas
I have a notice ISA that is now in a 90 day notice period which will end on 26 Jan. i also have a 3 yr ISA with Coventry maturing this month. Can I transfer the Coventry one this month ( not paid anything in since I opened it) and also transfer the notice one in Jan to a different one so I’d be transferring 2 in the same…
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Transferring Child Trust Fund
I am looking a transferring my daughters Child Trust Fund(CTF) into an ISA, she is 16. I have read that if over 16 she could have a Adult ISA. My question is can I transfer her CTF to an adult ISA or does it have to be a child ISA. I am looking at Coventry BS for the child ISA or Virgin for the adult ISA. Any advise…
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Should I switch now?
I currently have an online ISA but realised I would be better with a savings account. If I switch now will I lose the interest I have accrued so far this year on the ISA?
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Online stockbrokers with lower ongoing fees
HelloI have a stocks and shares ISA with Hargreaves Lansdown and I am now having to regularly top up my Fund and Share account and it's proving to be more expensive than I anticipated.My understanding is that the Fund and Share account is a means of paying the broker's fees with external money rather than it being paid for…
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£85000
I’ve been reading the ISA and tax free threads but am still a bit confused as to the best thing to do with my cash ISA. It is a bit short of £85000 so I don’t want to put all my eggs in one basket. You can only pay into one cash ISA per tax year but they all seem to say minimum opening amount such as £500 or £1000. So this…
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ISA Transfers
Hi all, just looking to double check my understanding before making any stupid mistakes... Scenario 1: I have a stocks and shares ISA that I set up last financial year which at present is just sitting as cash. I now want to set up a new cash ISA using all of this years allowance. After setting up my new cash ISA and…
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I WOULD LIKE SOME HELP PLEASE ?
I have £102k in NSI ISA, but I haven’t t added anything to it, in this tax year - I am not sure, how to go about things - I have been told, that I can open, an ISA with say - Virgin, for this year and ask to transfer Half of NSI iSA into it, then pay in this years Max Allowance into it…but can I also open another ISA, with…
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Virgin ISA Conundrum
I'd be intrigued to get some comments from ISA experts on my recent experience with Virgin Money. My 5 year Cash ISA with Virgin was due to mature on 24 October. The total amount was circa £68K. At the beginning of October, Newcastle B.Soc introduced a 2 year Cash ISA offering 4.1%. Shortly after, the Virgin maturity…
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Nude LISA now 3% (+£2 fee)
Just noticed on the app it's gone from 2% to 3% and their website says the same. https://www.getnude.com/lisaA relief as, like many others, I can't access Moneybox LISA as I've had one with them before.
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ISA Transfer
Mind a bit blown here - maybe someone can advise... I want to transfer my cash ISA to a different provider that is offering a better interest rate. I've had this one for quite a while but haven't put anything in this year. I also have some savings in an ordinary account. If I were to transfer the ISA to the provider with…
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To ditch or not to ditch
Hi, After watching last weeks Martin Lewis show I'm wondering if our ISA's are a waste of time. I get the full state pension but also receive in excess of £12k via a military and a works pension thus my £40k ISA may be worthy of remaining tax wise?. My wife receives a very much smaller state pension (just over £4k pa.) she…
