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If ISA old last years money invested with interest retain tax free status
Hi all, does an ISA from last years money invested with interest gained retain tax free status on the whole amount of £20800 if transferred into a new ISA this year only because it was fixed an now the bank is to open a new ISA as the only option they offer even though I already opened a new Isa in April for this year and…
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Withdrawing from a ISA
I have a existing ISA from previous years. I have not put anything into this ISA this tax year. Can i just take money out, and then put that money into a new ISA, that i have opened in this tax year. The new ISA is with a totally different provider. Thanks
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S&S ISA beginners advice please
I have not used any of this years ISA allowance yet, and currently have approx £20,000 to save or invest. I have maxed out premium bonds, and have two years worth of ISA allowance saved in one year fixes. The majority of my pensions are in DB, with a couple of very small DC, one of which I am still paying into with my part…
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ISA virgin....(Not R.Branson, just a newbie)
Are cash ISA interest payments tax free? Are any "easy access"? Is interest paid monthly? is 5% achievable? TIA
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Stocks and Shares ISA - quick query
Can I open a stocks and shares ISA and then invest in new start-up private limited companies of my choosing? If so, how would it work? Thanks.
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Clarifying ISA Allowances available across multiple years
Hi everyone! I'm not quite clear on ISA Allowances across more than 1 year, and so I wanted to check what the position is - from what I've read I think it's as follows, but it's not quite clear to me and I'd be really grateful if someone could confirm the position definitively, thanks. Year 1I open an ISA with Provider A…
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Help choosing my first ISA
I am looking to put 20k in a ISA that’s not fixed term Funds are currently in Oxbury at 5.26% I am saving for home improvements so need access to the funds at some point next year so thinking I maybe better off using my tax free allowance looking on the MSE website Plum and Chip both seem to offer good rates but I’ve…
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Fixed rate ISA tax year v maturity date
Hi I have a 1 year fixed rate ISA with Nat West with 20k invested in. This is due to mature in August. I know I can't add to it or transfer it until matures but can I open up another one now for this tax year and then transfer the Nat West one in when it matures. Thankyou
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Bed and ISA
I'm trying to research how to utilise Bed and ISA for some of my shares as now the levels of interest etc. that can be earned tax free has dropped again and I could potentially hit the 40% tax rate, I feel that it is time (probably well overdue!) to reduce my tax liabilities. I'm also aware of the CGT liabilities as well,…
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ISA and regular savings account question
Hi. I have 55k savings into a 5% savings easy access account and I also transferred my isa savings into a fixed yearly interest account in March. I have 25000 in there and it also pays 5%. My question is do I need to transfer 20000 from my savings account to the ISA now to get the full tax free interest in that account or…
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isa fixed rate and tax free allowance
hi due to get a small tax free lump sum from early pension. Will use part of it to pay off some stuff but should have 10k to invest. Can I put it into an isa account or because I got a tax free allowance on the lump sum does this affect it? Would I be best to put it into a fixed rate saving account for one year and then…
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ISA cashback offers
From what I can see there is no thread dedicated to these (please correct me if I am wrong). It would be extremely beneficial to the community if we had one, especially where there are "flaws" in the term and conditions that would allow us multiple ISA transfers and promotions each tax year. It is my first year as a UK…
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Cheapest Lifetime ISA all world ETF
I want to start a Lifetime ISA. It will be very simple - one deposit of the maximum £4k each year, into a cheap diversified all world ETF such as VWRL. Who can I do this through with the lowest fees?Thanks.
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Transfer of stocks and shares isa to new cash isa
Hi, I would like to transfer an existing stocks and shares isa to a new cash isa, information I have found notes that some providers won’t accept that. Can anyone advise me please if this is correct or providers that will accept? Or wIll I have to cash in the stocks and shares isa to access the money and then reinvest?…
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Transfer Cash ISAs Discussion Area
This thread is specifically to discuss the the Transferring Cash ISAs to up the interest article
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Crystal ball - Should i fix or leave in Easy Access?
Crystal ball time. I think given inflation has dropped rates may go down. ISA peak rates are already down and the easy access options i can see has dropped. There arent many high easy access accounts allowing transfers in, therefore i'm just wondering if its easier to stick with my current ISA - Shawbrook and suck up the…
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Does paying monthly, into a previous year’s ISA, count as this year’s allowance
I have £20K & was going to invest in a new ISA this year (2024/25). I opened up a previous ISA a few years ago, into which I still pay £200 a month. Can I still keep paying £200 into that older ISA each month or does that count as being over my £20K yearly limit? i.e. am I only allowed to pay £17,600 into a new ISA &…
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Opening new ISA just for transferring an old ISA
Hi all, I've used up my 2024/25 ISA allowance. I have an old ISA that matures soon. Can I open another ISA, not fund it (because I've my allowance) and just transfer the old ISA to it? Thanks
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Help to Buy ISA
I'm looking to buy a property (for less than £250k) for the first time and have a Help to Buy ISA. I can afford the full purchase price without a mortgage, but have been told that I need to take out a mortgage to be able to claim the 25% bonus on the ISA. Is this right? I can't find any reference to this on the Gov.uk…
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Cash ISA savings from yearly income
If I contribute some of my income to a cash ISA will this be deducted before my tax is calculated? I wanted to understand if doing this to take my net income below personal allowance threshold means I would then not pay income tax. Thanks