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Savings options
Hi all, I have £50k which I’d like to put in a savings account for 2.5 years. This will take me to the point of my mortgage deal coming to an end and then I can pay off a chunk of my mortgage. Tax wise, am I best to invest this in a cash ISA? I can see fixed rates savings accounts pay higher interest, but don’t want to end…
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Will interest rates go up anytime soon?
I want to move my Isa with Virgin that pays very little.. (0.40%) shall I wait or do you think interest rates won't go up gain?
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2 cash ISA's with same provider
Just wondering if there is anything really wrong about this?A week or so ago i opened a Virgin ISA and started a transfer, (its still in progress). The ISA transferring in is only previous years contributions.Today i opened a second Virgin ISA and started another transfer. This ISA transferring has both previous years and…
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Top slicing relif on investment bond
my mother-in-law has an onshore investment bond that she wishes to sell the investment has been held since 2001 and in that time has gone from £35,000 to being valued at £120,000 i have done some research and believe as her only other income is a basic state pension that she shouldn't be paying tax on this and is entitled…
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New second Fixed Rate ISA
Hi Sorry if this has already been askedI'm keen to open a new Fixed Term one year ISA using my unused £20k Is it worth waiting till Dec for rate increases to filter throughOr as it's an ISA is this unlikely to be worth the wait I need one where I can transfer £30k from my old Coventry BS Cash ISA who has not been funded…
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Virgin E Isa to 1 year fixed Virgin ISA
Morning all, i have a Virgin E Isa giving me .4% atm. with 21k in it Seent the 1 year fixed Virgin Isa at 3.85 which is perfect for me as i dont need to access the money. Can i do this online or via some form as its nigh on impossible to get Virging to answer the phone. :neutral: Cheers Paul
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new ISA with InvestEngine
Looking to open a new ISA with them, interested to know if there's any feedback from existing customers? Costs are very enticing however I am not aware on any downside further to platform risk. Also, when trading ETFs are you being quoted the live price? Asking as their website only lists the previous day closure price…
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Isa questions
I am currently considering putting money into a fixed rate isa with Santander. What happens at the end of the fixed rate period - does the money left in the account go into another isa product or does it go into a "normal" non-isa account? Also, if the money goes into another isa account after the fixed period has ended,…
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Deposits into a fixed term Cash ISA - confused
I took advantage of the Santander offer with 50 pound voucher when a Cash ISA is transferred in. I did not have a Cash ISA before but quickly opened one with my bank (FD), put 10,000 in and then opened a Santander ISA at 3.7% and transferred in the FD. I received confirmation of transfer completion a few days ago and the…
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Tax free savings advice please
Hi.. Can anyone please help me ..I have read the tax allowance from Government website, but still can't get my head around it.. I am 60 years old , live alone, cannot work due to my disability, and earn £6100 per year JS which is taxable , however it's my only income so it's tax free..I have £170.000 of savings, which if I…
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Cash ISAs: if you open one, are you stuck with it?
Apologies if this question has already been asked. I am new to the forum and not sure... As interest rates keep changing - and right now increasing - if I open a cash ISA for the current year, am I then stuck with it until April 2023 even if it becomes a poor choice in comparison with more recently launched ones? So, say I…
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Advice needed please. Re-structuring my ISA savings pots
I have several years ISA savings in two pots - one a Cash ISA and the other a Stocks and Shares ISA. I need to take some action on the cash one right away and I am now over 70 and looking at whether or not to retain the Stocks and Shares one. Any advice on what I could do will be most appreciated. The Cash ISA has been…
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Fixed Rate Cash Isa
Hi, I opened a 2year fixed rate cash ISA early in April this year with Virgin at a rate of 1.51% which was pretty good then. It was financed by a transfer in of funds from previous tax years ISA and I have not paid in anything into the fixed rate apart from this. Now that interest rates are much better is it possible close…
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Opening new ISA after closing old ISA
I had a help to buy isa with low interest rate and paid in £200 in April 2022. I have since closed the account but would like to open a new cash ISA - am I allowed to do this? I wasn't sure if I am allowed with remaining limit of £19800, or whether I'm simply not allowed to open one due to a £200 payment in April Thanks
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Money to save
My husband has £40k which is currently sitting in a regular savings account. Now the interest rate has picked up we need o understand where best to put it. We’d like access to it and he doesn’t currently have an ISA. Thank you
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ISA close down and open query
Hi everyone, Hoping to get some good advice from this forum. So I have a Cash ISA with nationwide (I call it OLD ISA), which was paying low interest. I decided to close it and open another Cash ISA (I call it New ISA) with Nationwide again with a better interest rate. I transferred all the money from the OLD ISA to the New…
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Quiry
Hello Iam with Santander got a cash Isa but it is only paying . 80 interest is this right
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Do I need an ISA?
In the past I found ISA useless, perhaps because I did not have much savings and interest rates were poor. As we know things are improving if not yet perfect on the rates. So lets start with I am a higher rate tax payer. Since rates started to improve I have moved my savings out of the terrible HSBC to initially Chase and…
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Paragon to Santander ISA transfer
Just thought I share my experience with transferring a fixed term ISA before maturity from Paragon to Santander. Due to early closure of the Paragon ISA, a 90 day interest penalty became due but I had worked out it would be worth paying the penalty as the Santander interest rate is double my Paragon one and I am only 4…
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Virgin Money E-ISA (ex Northern Rock ISA)
Hello everybody, We need some more help please. We have a Online E-ISA (E-Saver Issue 13). We have nearly £2000 in the ISA and have never withdrawn fancy money from the account. It says on the paperwork that if we do not withdraw we will receive 1.01% PA. We are really unsure if we should be moving this money to a better…
