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IF ISA Offsetting Question
Hi, Does anyone know the weighting that IF apply to an ISA when offsetting a £10k loan? For example, if I have £8k in Savings and 3K in an ISA and choose to offset will I have to pay tax on the interest earned or will the interest go to the ISA? Conversely if I choose not to offset and have 8k in savings and 3k in an ISA,…
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Should I change ISA?
Hi all, I'm new to all this but am getting increasingly annoyed when I realise how much money I have lost over the years by just trusting my bank that I'm getting a good deal. Hohum. ::) Anyway, I have a mini-cash ISA with Lloyds and currently have about £1500 in it. I hope to start saving around £150 a month into my ISA…
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Dormant ISA
I just had a letter from my mini-cash ISA provider to say I hadnt paid in this year. I paid the max into another mini-cash ISA instead so this was no surprise. What did surprise me was that the letter said if I didnt (which I cant obviously) I would have to reapply if I wanted to pay in next year (ie after april 6). It…
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Splitting Existing CashISAs
Hi everyone, A quick question regarding Cash ISA transfers! I have a large pot in a Cash ISA which I've built up using my allowance over the past 5years. I'm in a situation now where a portion of this is long-term savings and a smaller portion is stoozed funds. I'm interested in somehow splitting this up via a transfer…
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S&S ISA Limit of £3000 going up from 6/4/05
Hi All I have just recieved a letter from Royal London (who I currently have a Stocks and Shares ISA with at the mo) and they have said "Currently you are allowed to pay £3000 per annum into your Mini ISA component. The rules laid down by the Inland Revenue are changed and from 6/4/05 you will be entitled to contribute up…
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CASH TRANSFER FEE FOR ISAS
Mindful that I needed to get money into an ISA before the end of the current tax year I duly did the research and selected Portman as they were in the top 10. However, a note tucked away in their literature says that if you want to transfer out at any time they are now going to charge a fee. I was told this is currently…
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Henderson OEIC charges
Hi, It's my first post so please be gentle.... I have been a leading light in the world of money wasting for quite some time :mad: and I have recently seen the light!! :D (Prime example:- I paid £30/month for a 1% share in a racehorse for a year after it got sent to the glue factory!!!! just because I never got round to…
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ISA - deposit and withdrawals
Within the tax year can you deposit and withdraw amounts as long as you don't exceed the £3K maximum deposit? i.e. Is paying in £3K then removing £1K which is redeposited later allowed or does that class as £4K deposited? Thanks in advance.
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ISA or Index Tracker
I wonder if anyone can help me. I currently save around £100.00 per month in an ISA and another £100.00 in another account. I want to invest another £100.00 per month into an Index tracker. Does a tracker produce more than an Isa or should I utilise my ISA and just put £3,000 a year into that to make use of it. I do not…
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Abbey Postal ISA or First Direct e-ISA?
I have an Abbey Postal ISA application for completion but now First Direct have their new offering. On the face of it the First Direct ISA seems better at 6.25%. Is the First Direct ISA the best option? Any drawbacks when compared to the Abbey Postal ISA? Thanks in advance for any help.
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Invesco funds - fees?
just as a rule of thumb examples what sort of fees might i have to pay both start up, annualy and selling on a fund such as the Invesco Aggressive Uk fund, if i put say £3k in?
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ISA advice
I'm sure I am probably covering old ground for many of you. But I want to invest the maximum of £7K for both myself and my wife. No matter how many times I read it, I still get confused with mini and maxi. I think I have a mental block on the subject! Can anyone make this simple and tell me which product(s) to pick. I…
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ISA for children?
Wanted to start an ISA for a child and wanted to know the pro's and con's of doing this, as opposed to just doing it in my name, and the best interest rate. Thanks in advance.
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ISA Transfer Maxi-cash -> Mini Cash??
I decided to finally sort my money out :D As I'm currently saving for a house but not using any form of saving account or ISA.. so I'm not getting anything in interest. :eek: I'm looking to transfer my old Maxi-cash ISA into a new higher rate mini-cash ISA, is this possible? v(i.e. Maxi 2 mini) Please note that the…
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Mums ISA
My mum wants to invest £3000 in a cash isa this year and the same next year but she is leaving it to me to deal with the financial side of things as she is an OAP. Are there any accounts (postal, telephone. internet etc) that will allow me to operate the account on my Mums behalf that offer good interest rates? Thanks in…
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isa close versus transfer
i recently closed down my isa account. made the mistake of closing it rather than transferring without realising the hassle it would cause me (wont make that mistake again now i have discovered the delight that is MSE ;) ). anyway, i have heard a whisper that my isa provider is obliged to tell me before i do so, that if i…
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First Direct 6% + ISA? anyone heard anything?
I read in the paper last week that all the banks are starting the yearly ISA war to see who can grab the ISA cash. One mentioned was first direct were going to be doing a cash ISA over 6% but the catch being 6% for 8 months then 4.25% for the reast of time. This doesnt bother me as cash ISA's are relativly easy to move…
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Possible change of mind on reducing ISA Allowances
it appears that G Brown has backed down on reducing the ISA allowance in the year after next. see paragraph 5.36 on page 101 of this PDF: http://news.bbc.co.uk/nol/shared/bsp/hi/pdfs/02_12_04_pbr04_maindoc1.76.pdf The sentance in green appears to say this. Not seen it confirmed elsewhere though!
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M&S unveil new rate guarantee on their mini cash ISA
I've received a letter from M&S Money informing me of their new rate guarantee on their mini cash ISA. From 6 April 2005 until 5 April 2006, M&S guarantee that the interest rate on their mini cash ISA will stay at least 0.25% above the Bank of England Base Rate. The new 0.25% (above BoE base rate) guarantee will replace…
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Insurance ISA investors: read this
Are you one of the small number of people who invest in an Insurance ISA? If so, then you should read this as you may need to rethink your ISA investment strategy. The Insurance component of the ISA is disappearing as a single entity in April. From this date the Insurance component will become part of the Stocks and Shares…