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ISA Rules - Opening Accounts
Hi, I have a question
about opening an ISA. I opened a Variable
Rate Cash ISA in April 2022 with Bank A, transferring my existing
Variable ISA in from another provider. I have been paying into this
account since April. I have a stocks and
shares ISA which I have been paying into monthly with another
provider which I have…
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Calculating the Amount to Transfer from previous SS ISA to Cash ISA
Hi I have a number of Stocks and Shares ISAs, the first dating back to 2012 Although retirement is still many years away, there will come a point when I decide I wish to start transferring a portion of previous years SS ISAs into Cash ISAs. I plan to end up with a mix of the two ISA types for security in the event of short…
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Wait for BOE Interest rates before opening fixed ISA
Thinking of opening a fixed interest ISA 1 year with virgin 3.02% Should I wait to here if the rates rise and if so how long does it takes the banks to increase theirs? Many thanks
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S&S LifeStrategy Isa - Transfer Out Vanguard
I am confused about the rules I know to keep the tax-free status of an ISA it has to be transferred I have quite a large sum of money in a Vanguard SS Isa, now that interest rates are rising, I'm getting twitchy so would like to transfer it out Say I wanted to send the money to a Santander Cash ISA If I sell the shares and…
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Transfer S&S ISA or Not
Hi everyone, Myself and my wife currently hold Homemaker ISA's with Synergy Financial Products Ltd. These were originally taken out to pay off an interest only mortgage and are due to mature in 2030 with hopefully a combined £80k. We have been overpaying the mortgage and hope to have it paid off in the next few years so…
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What to invest in for JISA?
Hello, I'm really sorry to add to the many many posts on this subject. A lot of them confuse me and I don't really want to go into old posts which might have outdated advice. So, I have two jisa accounts for two sons, set up in fidelity. I want to put a bit of money into them each month and invest it. I wouldn't mind a…
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Decisions for 16 year old ISA savings
Hi all, My son has recently turned 16 and has gotten himself a part time job to work around his college studies (proud mum!). We've already had discussions around savings and he's keen to get going (super proud mum!). I was quite late to the party in learning the importance of savings and investments having only started…
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Santander 1year fixed cash Isa is now 3.00% plus transfer in more than £10.000 and get £50 e voucher
I think this is a turning point and looks very attractive.
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When does £15,000 + £5,000 = more than £20,000?
Seemingly when it's invested with Vanguard, or attempted to be invested with Vanguard. Changed the numbers out of curiosity to see if it would make a difference - nope, £10,000 in one fund, £1,000 in another - still exceeds the allowance apparently. Nope, no other ISA paid in to this tax year. Yep, that includes not a…
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Fixed rate ISA loss of interest on transfers ?
We have 2 fixed rate 1 year ISA s with Virgin money and so far this year have transferred twice to obtain the higher interest rate along with the loss of interest for 60 days on each occasion. My question is it better to to stick with current rate 1.7% or go to 3.02% with another loss of 60 days interest or transfer these…
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Triple Access cash ISAs (transfer out treated as pen-free withdrawal) and a flexible ISA question?
Two birds, one stone .... I thought I'd double check on here with those who are much more versed in the ISA game than I am. 1. Triple Access ISAs - there are a few offerings, but I see Nationwide is the only one stipulating withdrawals must be to a NW current account or suitable instant access savings account? Does this…
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LISA(s) first time buyer
Hi. I have a LISA which I have utilised the maximum bonus for 2021-2022 tax year and still have the bonus to claim for this fiscal year. I have read/seen that it is possible to have more than 1 LISA but you cannot add money to both. Is there any legitimate way to have 2 LISA’s and benefit from having the maximum bonus on…
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Benefit of transferring from HTB ISA to LISA
Hello, could anyone please explain the benefit of a direct transfer from a HTB ISA to a LISA? Is there any benefit compared to transferring £4k from a HTB ISA into a current account, then paying the £4k straight into the LISA? Thanks
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Transferring ISA in same tax year and adding new money
I have an S&S ISA with provider A. It was opened several years ago and I have not added any new money in this tax year. I opened a new S&S ISA last week with different provider B adding 6,000. I want to to combine the S&S but I want to transfer the new S&S with B into previous with A. My plan was to move in the other…
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Does anyone know whether Santander allow partial ISA transfers out?
Hi Forum, My total savings across all my accounts with Santander are in excess of the 85K FSCS compensation limit. I would like to transfer a portion of my Santander cash ISA into an existing stocks & shares ISA held with another provider. I'm just checking whether anyone on the forum can confirm whether Santander allow…
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Another Santander question
I want to transfer my existing Shawbrook ISA into a Santander ISA, I am not sure how to answer the questions in this section of the form, I want to transfer the whole ammount, I haven't paid into the ISA in the current tax year. Does anyone know how I answer Questions 1&2? Thank you for reading this and sorry if it is a…
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Transfer Lifetime ISA over 40
I've had a lifetime ISA for 4 years and it has performed really badly. Now over 40 and I can't transfer it. I've stopped paying in but inflation will make it worthless by the time I'm 60. What can I do? HargreavesLandsown will not let you transfer from an existing LISA and AJ Bell will not even let me open one as I am over…
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I chose a poor ISA rate but a better rate has become available
In July this year I opened an easy-access ISA with Newcastle BS, transferring funds from a previous year's ISA with Kent Reliance and adding £7000 of new funds. Now a fixed-rate ISA I have with Virgin is maturing and the money can go to a another fixed-rate ISA. At the same time I can transfer money in. Is it OK to take…
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Santander ISAs any issues?
Santander have some table topping rates on ISAs, looking at Trustpilot they have a poor rating. Anyone opened ISAs recently and what was your experience?
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Silly personal allowance question.
I feel like the answer is £16k & that it's obvious, but while I wait on a response from AJ Bell, you guys are generally quicker & I'm currently trying to consolidate accounts. Personal allowance: £20k. You put in a LISA: £4k Allowance left: £16k. You want to put the remainder in to a S&S ISA. So can you put £16k in the S&S…