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New allowance - what happens to the old allowance?
Hi, if I've already got £20k for last year's allowance but the govt reduces it to £4k this year, what will happen to the previous amount? Will it continue to be all tax free do you think? 🤔 Thanks CL
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ISA minimum deposit, needs clarification
Hello, Just wanted some clafication regarding the "minimum" deposit. I am looking into transfering my existing ISA into a two year fix. NOTE: I was going to use Cynergy bank but they appear to have removed theirs? so will go with Vanquis. Please correct me if wrong! Both have a minimum deposit, and my question is, do I…
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Transfer into help to buy ISA
I think I know the answer to this but I thought I’d check what people thought. I have saved £12k in a cash ISA hoping I could transfer this into my help to buy ISA but it looks like I can’t do this. The govt. has put limits on how much you can pay in, and can only transfer up to £1,200k in the first month. Is this right? I…
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Cash ISA Trading 212 (corrected)
Hi I opened a cash isa with Trader 212 last week via the Martin Lewis Email link (I don't have any other ISAs). I've not heard of them before but its a good rate and on MSE. I'm not very tech savvy so was proud of myself when I sat it up and scanned in a photo of my passport. However when I tried to transfer money over…
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ISA interest tax free?
hello. I’ve just got off of a lengthy call with hmrc regarding my tax codes. Long story short, because my interest earned from my ISA’s is paid directly into my current account, they are not tax free & I have to change my tax code to repay the extra untaxed interest I’ve earned. I didn’t see an option as to where I can pay…
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Two ISA's in One Tax Year
In July 24 I opened a Fixed Rate Isa with the Co-op Bank for £15k. In September 24 I tried to add £5k to it but the window for adding had passed. When I questioned this they told me to just open another one. So in Sept I opened another Fixed Rate Cash Isa with them for £5k being the rest of my allowance. They have now…
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Help with Cash ISA's
I'm looking at opening a cash ISA before the end of the tax year 2024/25. It pays around 4.5% but the advice says it actually pays around 1.5% with a 3% bonus for the first year. So the advice says it will have to be moved after a year. My question is, I know I can put £20k into the cash ISA. And £20k into another ISA next…
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Transfer out from Tembo ISA
Good evening. Tembo ISA I’ve searched this site, as well as Google, but can’t find an answer. I’m considering transferring my existing LISA to Tembo. I understand how it works in how they deposit your money with one or more different banking institutions. What I’ve seen mentioned on the internet is that, because of this,…
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Transferring Virgin cash ISA
I'm looking around for transfer options on maturity at the end of the month; I have two questions I hope people might have opinions on: 1. My sort code for my Virgin ISA starts with 05. I know that some people have had issues when trying to transfer Virgin accounts elsewhere, owing to historical sort codes (From someone…
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How flexible is a Flexible ISA?
I have a Flexible ISA with Zopa, and I understand it means that if I withdraw some of my money, I can deposit it back into the same ISA without it reducing my annual allowance twice. I just wanted to clarify if that also applies to 'old' money. For example, say I currently have £500 in a flexible ISA. Next tax year I have…
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Kroo CASH ISA
How come I'm not seeing this on MSE's list of decent Cash ISAs? Kroo have launched a 4.30% AER / 4.22% Gross (Variable). Flexible Cash ISA, interest calculated daily and paid monthly. Transfers out are supported. Transfers in are not yet accepted.
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Post Office Online Cash ISA - login
For the Post Office Online Cash ISA, what is the login procedure? Is it one step or multi-step?
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cash isa or s&s isa
with the new tax year around the corner i will be putting the full 20k straight into isa on 6th april now question is current rates 4.25% fixed with lloyds 12 months ive currently got a 20k in cash isa, would it be wise now going for s&s with the world as it is with trump losing the plot sticking tariffs on anyone and…
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Stocks and Shares ISA best platform?
I have a cash ISA maturing shortly and wanted to transfer to S&S ISA. Any advice on best platform to use? Trading 212 I understand has no charges for buying shares but are there any advantages to going with someone like Hargreaves Lansdown?
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Inactive Cash ISA
Apologies stupid questions! :) I have an inactive cash ISA (Halifax) that I've had for years and not used so it is currently inactive. The balance is next to nothing (3p) and the interest rate is currently very low. (1.10%). I am looking at paying my full allowance into a cash ISA before the end of the current tax year but…
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Transferring ISA from Virgin to Skipton BS
Hi, I am trying to transfer an ISA from Virgin to Skipton. On the Skipton site when Virgin money is selected it asks for a "roll or reference number." Neither Virgin or Skipton seem clear on what this is. I am wondering if anyone has resolved this. The virgin account sort code begins with 08 and I am wondering if I should…
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Anything I'm missing before transferring my ISA?
I transferred in to a Moneybox Cash ISA last year and have been using as much of my allowance as possible. As the interest rate has been dropping and the bonus rate will disappear, I'm looking to move it to Trading 212's Cash ISA. Presumably I can initiate this switch now and don't have to wait until the new tax year? I…
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Gone over my ISA allowance!
Hi All First post here - hope you are able to help me! In November 2024, I invested £20,000 into a Cash ISA. I also pay a regular £150 per month into a stocks and shares fund. But I had forgotten that I set this up as an ISA too in 2023. I think therefore that I have overpaid into my ISAs by £1800 for this tax year (12…
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Making lifetime ISA deposits while working abroad as a UK worker
I'm currently abroad for work. I've not spent much time in the UK since Nov 2023, just a week here and there. According to my HR department, I'm a UK worker who is posted abroad on a temporary contract, and a UK resident for tax purposes. Can I pay into my lifetime ISA?
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Moneybox underlying rate increase
Rate is currently 4.66% including bonus of 0.91%
