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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.

Funds within an S&S ISA - Selling query
I currently have a S&S ISA and within the ISA I have 2 ETF's (S&P 500 & FTSE 100) I have £8K in one and £5K in another. I want to change the FTSE fund to another fund. If I sell my £5K fund, do I lose that allowance for the 24/25 year or can I replace it with a new fund? Provider is Chip and the reason I am unsure is when…
ISA Rules
Hi. I know this has probably been asked a million times already but I don't really understand ISA Rules. So I can invest £20k max in this tax year. This is know. When the next tax year starts can I invest another £20k max, totalling £40k? Then on and on each tax year £60k, £80k etc. What then happens if I want to transfer…
Virgin Money ISA
I have just noticed the following in an email I received from Virgin Money. This was advising me of the reduction in the interest rate from 4.76% to 4.51% on my Easy Access exclusive Flexible ISA effective 24 Feb 2024. Remember that any money you take out of your ISA will no longer benefit from the tax treatment an ISA…
Cash ISA Offline?
Hi, I'm looking (hard) for companies which operate cash ISAs that don't have to be run online or in branch but can be handled by 'phone/post. Some seemed to have switched over to all online. I'm trying to help an elderly relative find a good rate without having to apply online, thanks.
Stocks and Shares Lifetime ISA Withdrawal
I have a stocks and shares lifetime ISA and have made roughly 20% on the money I have invested over the last 4 years and the government bonus. If I was to withdraw my money from this ISA not for the purpose of buying a house for the first time, what are the penalty charges that I would face? I see a lot of information…
"Bed and ISA" - moving investments from stocks & shares into ISA?
I'm retired, a non-expert saver and not very knowledgeable investor, probably in the 'cautious' category and not motivated to follow the city pages and trade frequently. I'm lucky enough to have a defined-benefit (public sector) pension, mortgage free, with wife but no children, and I'm now approaching my 75th birthday…
S&S over fixed isa?
Hi Ive Been looking into s&s and wondering what sort of returns (%) have you experienced? Obviously no one can predict the future so there's loses as much as returns but im just interested as to what roughly people have experienced. I am looking to invest for a minimum of 5 years, if not more, i have 20k to place in one…
Consolidating vs keeping separate S&S ISAs (above 100k)
Its been a few years now since I started to more seriously utilize my ISA limits where I would use different providers in different years. The change that we can use different ISAs in the same FY was also pretty handy, allowing me to contribute the annual 20k allowance as I please. My current providers:Vanguard for…
Deadline for replacing flexible ISA funds by cheque
If I want to replace funds withdrawn from a flexible ISA by cheque, in a branch, what is the deadline for doing so? I understand that if I pay in on the 5th April, chqeues won't clear until later the next week (in the new tax year), but do they count towards replacing the previous tax year's flexible allowance?
Grandparent wanting to save for grandchildren
Hi. I have been saving for my two grandchildren (aged 4 and 7) since their respective births. They're in Halifax Kids' Savers accounts. I understand a Junior ISA would be better value and that would also be kept until they're 18, whereas the savings account will give them access at 16. However I can't rely on (one of) the…
20k stocks and shares?
Hi quick question im new to stocks and shares therefore ive been looking at robo investing until i get some more knowledge to be able to manage my own but im wondering if anyone can recommend a robo investing platform and would you drip feed money in or just deposit the full amount and start from there? Im looking to at…
ISA with reinvested dividends
My 2 children aged 19 and 21 want to start investing in a stocks and share type of ISA. They are looking at long term investing. They have both opened accounts with Trading 212. Their plan is to transfer money into the account each month and then when they have a sizeable lump, make their purchase. So this could be an…
Shawbrook Cash ISAs - multi-year option allowing allowance?
Is it the case, and indeed is it still the case, that with Shawbrook's range of cash ISAs beyond the 1 year fixed term, one can still can new funds every tax year? Usually with fixed term ISAs, you can only add funds with a certain window of time, but I'm sure I read here that Shawbrook allows you to add in every year?
Opening a fixed rate cash isa with a transfer and no new money
Can I open a new fixed rate cash isa with a transfer from a maturing fixed rate cash isa, without making a deposit during the funding window? In other words, opening the account with no new money from the current tax year? I've used up my allowance for this year in a flexible cash isa. Currently looking at Shawbrook 1yr…
First Direct Stocks &Shares ISA forced share sale after takeover
A UK share I held in my First Direct (FD) stocks & shares ISA was subject to a takeover by a USA company that floats on the NYSE. FD sent me two letters both advised I could sell prior the takeover date or if I took no action the shares in the new company would be added to my account plus additional monies from the…
Pay into LISA with a credit card?
Hi everyone, I'm looking for a new credit card and I was just wondering if I can get this: https://www.moneysavingexpert.com/credit-cards/best-credit-card-rewards/#topcards (the £165 worth of points) and utilise the £3000 limit by paying into a LISA, then paying it off into full next month? That's the only way I can see…
ISA anniversary date / interest payment
I opened an ISA with the Nationwide back in Feb last year, I put in 20K straight away and then in April I added another 20K so it is maxed out. From reading up the Nationwide pay the interest on the anniversary date of which the ISA was opened which would then take it over the limit for the year, is this allowed or will it…
MoneyBox Cash ISA - Loss of interest on transfers - Advice pls?
Hi all, I recently opened a MoneyBox Cash ISA and set up an ISA transfer from my existing cash ISA, for £85K. My existing provider, Coventry Building Society, paid interest right up to the day they sent the transfer, and they chose a transfer method that they said meant the funds arrived with MoneyBox the same day.…
Principality Online Bonus ISA Issue 3
Does anyone have this account? I can't remember if the number of withdrawals per year are limited on this account. Does anyone have the summary for this account and know? Many thanks
Moving S&S ISA from IWeb to Trading 212 or etoro etc for lower fees? any concerns for larger pots?
I have an ISA currently with IWeb that is over the 85k protection limit, I'm considering moving to a lower fee provider for trades as I do tend to make a few changes now and then and with IWeb its £5 each time and I like to make changes. It seems many people are using these other providers ok, I just wondered if anyone…

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Is now a good time to fix your mortgage or should you wait? Brokers answer as rates continue to fall ahead of expected Base Rate cut
Interest rates on fixed mortgage deals have continued to be cut ahead of this week's decision by the Bank of England on whether to change the Base Rate. But will fixed rates move much further – and should you fix now or wait?
Fixed-rate mortgages continue to fall ahead of expected Base Rate cut – so do brokers think now is a good time to fix?
Interest rates on fixed mortgage deals have continued to be cut ahead of this week's decision by the Bank of England on whether to change the Base Rate. But will fixed rates move much further?
Martin Lewis: How to call your bank by dialling just three numbers
How to call your bank by dialling just three numbers… simply dial 1-5-9. Then you know it's legit. Watch MoneySavingExpert.com founder Martin Lewis' video below, which explains it. And please share – the more people know, the fewer will be scammed.
Martin Lewis: How to call your bank by dialling just three numbers – as 'anti-scam' phone number called over a million times
One million calls have been made to the '159' anti-scam phone number since its launch in 2021, new figures reveal today (Wednesday 30 April). MoneySavingExpert.com founder Martin Lewis – one of the well-known faces most used in scams – explains how to call your bank by dialling just these three numbers.
Martin Lewis: How to call your bank with just three digits – as 'anti-scam' phone number called over a million times
One million calls have been made to the '159' anti-scam phone number since its launch in 2021, new figures reveal today (Wednesday 30 April). MoneySavingExpert.com founder Martin Lewis – one of the well-known faces most used in scams – explains how to call your bank by dialling just these three numbers.
Revealed: Holland & Barrett's supposedly cheaper 'Subscribe & Save' often costs more – it's promised a review after our investigation
Holland & Barrett's 'Subscribe & Save' scheme claims to offer regular shoppers "the best value" – but it failed to do so in the majority of cases MoneySavingExpert.com checked over a five month period. The retailer has now promised to review the scheme after our research found it was often more expensive.
Don't get your passport by post – 360,000 paid more than needed last year
If your passport is due for renewal, apply online if you can – it'll save you £12.50. More than 7 million Brits did just that last year – but over 360,000 missed out on savings by using a paper form instead, MoneySavingExpert.com can reveal.
Sainsbury’s Bank customer? NatWest takes over this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Chase customer? Check if you can get its newly boosted 4.8% easy-access saver
If you've got a Chase account, check if you can boost your easy-access savings to 4.8% – made up of a 1.8% AER fixed six-month bonus plus its standard 3% variable rate. Chase says over 2 million customers can get the boost, which would top our normal savings tables if it were open to all, though it's beaten by the top easy-access cash ISAs.

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ISAs & tax-free savings

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