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ISAs & tax-free savings

Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.

Stocks and Shares ISA current climate
Hello, I am not wealthy, however was left 20k which I put in a stocks and shares ISA via HSBC. I've lost about £600 which is so disappointing. I appreciate there are risks, but that's a huge % for me. Should I leave it there or take it out? My goal was to keep it saved for 5 years and then update my car and do some home…
Merged Cash ISA question
If I have a flexible cash ISA with 2024/25 subscriptions in and 2025/26 subscriptions in, can I transfer £10,000 to another ISA and call it last years subscription? or has the rule keeping the current years subscription together now gone? tia sx
Transfer question
I have several isa’s. One is being transferred. Can i still put money in my other one.haven’t put any new money in either this tax year. also probably a dumb question but if I want to withdraw some of the money from the transferred one, that doesn’t affect the allowance either?
Plum Cash isa
Warning to anyone initiating a fund transfer to another provider on maturity. Plums T&C’s require you to keep the account open until the end of the following month after maturity. If not, month 12 interest & final bonus will be forfeited.
Can I use flexible and non-flexible ISAs in this way to maximise allowance?
Hi, hoping someone can help verify my thinking over making the most of my allowance between my flexible (T212) and non-flexible ISAs. I had £40k in T212 and whilst I like the flexibility, the rate is dropping. No deposits made yet this year. I want to lock £10k into Santander 1yr 4.25% + £50 card (effective rate 4.75%) but…
Yorkshire Building Society online - given up!
I have found trying to proceed with opening a Cash ISA with YBS online so frustrating that I have chosen NOT to proceed in the end. Both when opening the account and then attempting to transfer funds in to the account the online forms disappeared mid-process from the screen on a number of occasions. I was left having to…
Trading212 - I wouldn't bother
Just, finally, managed to open a Trading 212 Cash ISA account, what a palava. Mainly in pursuit of their .72% bonus for new customers opening an account through the MSE link. Took ages, taking photographs of self and ID docs etc. Eventually got the account opened, despite being sidetracked to open Stocks/shares ISA, only…
Cash ISA query
Am I allowed to do the following within 1 tax year : Open an easy access cash isa and deposit 20k. After a few months I withdraw the whole amount to my bank account. After a few more months I open a fixed term cash isa with a different provider and deposit 20k. Therefore I have made 40k in deposits within the tax year, but…
Multiple ISA's & the rules
I hope you can advise because I'm finding this really confusing. Am I able to pay into a cash ISA (maxed out), a stocks & shares ISA & a help to buy ISA in a single tax year? What if I've done it? The s&s ISA & the H2B ISA are paid by DD. Please can you advise. Many thanks for your time.
ISA
I have saved my house deposit in an ISA and accrued interest last 3 years. When I take it out for the purchase of a house will I be liable for tax. I'm aware the interest gained is tax free but I'm getting confused as it will be taken out and I'm reading that it will loose it's ISA status ....TIA
Shepherds Friendly £100pm and ISA allowance
I've only ever owned nationalisation shares, and I'm now dipping my toe into the world of managed stocks and shares funds. Being a cautious investor I thought I would start off with a £100 pm ISA with the 199 year old Shepherds Friendly Society. I realise my investment might have lost value a year from now but there is a…
Trading 212 cash ISA
Shows (early May 2025) as a good rate with a 12 month bonus. After clicking through to their website from MSE was prompted to download their app and completed registration. Moved my existing cash ISA across successfully only then to see that the 12 month bonus had not been applied. Queried with customer service only to be…
Martins trick
I was reading Martin's info regards Flexible cash ISAs and at the end there is a suggestion to beat the system, or rather play the system, of withdrawing your cash, placing into a high interest, non ISA then paying it back into a cash ISA before the end of the tax year. Can someone please explain a little more. I was under…
ISA best practice?
Hi there, I'm just about to set up an ISA for the full 20k allowed. However, next financial year I'll have a similar amount again. Do all/any ISAs allow you to add the additional 20k to the original 20k OR is it best to set up an additional ISA in the subsequent year?
Switch Investment ISAs to Cash ISAs whilst I can
My wife and I are in the "distribution phase" of our financial lives. Due to the 20k annual limit, I'm yet to complete moving all those funds staying in cash into cash ISAs. With the potential for a reduction in the annual cash ISA allowance, I'm considering switching 2 investment ISAs into cash ISAs before the Autumn…
Principality - paying into more than one cash ISA in a tax year
I've had a Principality Online Bonus 5 Access Cash ISA for a few months - decent rate of 4.5% of which 1.55% is a 12-month bonus. I've got a fair bit of money in there but my bonus rate will disappear in November. Recently realised my account is an "issue 2" and I can also open the same account again because it's now…
Saffron Building Society Application Procedure - How long?
On the 3rd of May I applied for a fixed rate ISA with Saffron Building Society. I was not an existing member and had to go through setting up password and memorable question. After doing this the application process appeared to have been completed and I was informed that a user id would be sent to me by post within 5 days…
LISA to Cash ISA
I spent the last few years maxing out my Lifetime Isa (and a H2B before that). I'm now in the very fortunate position that my husband (who I didn't know when I opened the LISA) earns quite a lot of money and the properties we've been looking at far exceed the LISA limit of £450,000. There's no way of avoiding the 25%…
CMC Invest ISA
Is anyone using a CMC Invest ISA? It's listed on the ISA page under Non-standard due to the way the money is help - their website says its protected in FCA.
Cash ISA Transfers
I have a cash isa that i want to transfer from Trading212 to Oaknorth bank. Oaknorth say the cannot arrange this as Trading212 do not participate in the 'electronic transfer system'. Trading212 insist they are happy to do electronic transfers. So I have stalemate. Any advice would be appreciated to move this forward.

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
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Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
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Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
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Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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ISAs & tax-free savings

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