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HMRC increasing tax on salary due to savings
I have recently changed jobs and had a pay increase which puts me in the 40% tax bracket and I hadn't fully understood all the implications this will have. HMRC took an additional £300 in income tax in my November pay and when I called them to find out more this is when it became apparent that it's due to interest on…
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Help to Buy ISA - help
I opened a Help to Buy ISA just before they were stopping them a few years ago. I put in £1 to open it and have never done anything with it. I’m looking to purchase my first home next year. Am I too late to start putting money in? I believe I can’t put in a lump sump? e.g. put in 4k lump sum to get 5k back) or can I? Any…
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Help with cash heads battered
Hi I have 20k in a chase standard savings account I can save about 2-5k a year my question is do I open a ISA n put it in there or what should I do with it my heads battered with all this tax talk that I don't really understand stand pls help
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The New ISA Rules from 2026
Hello all! I have a question about the new ISA rules coming into effect 2026/27. I understand we will be limited to saving just £12,000 per year. What happens if you already have £40,000 in your ISA (from years of saving) and need to keep transferring it to a new ISA at the end of every fixed ISA period? Will we be allowed…
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LISA 25% penalty charge
My Granddaughter has a stocks and shares LISA, which (at present) is doing very well. If she cashes it out, rather than using it towards buying a house, does the 25% penalty apply to the total value of the fund, or just the amount that she paid into the fund? If the penalty is on the total value of the fund, it seems…
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Junior stocks and shares ISAs
I’m trying to decided between Fidelity or HL for JISAs. Can you tell me why you chose either and/or if there are any others I should consider? Thanks.
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Flexible S&S ISA
HL’s ISA doesn’t seem to be flexible. Is there such a product? As I am retired, a flexible option might be useful Thanks.
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HMRC Tax Due
Just received a letter from the HMRC of tax I owe from interest I have earned they are saving I have held a bank account with J P Morgan and I have gone over the personal allowance I have never held a J P Morgan account all I can think of it was when I had a T212 ISA So a little confused
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Transfer Cash Lisa to S&S Lisa after 40.
Hi, My cash isa rate is pitiful, and I have completed my first time home purchase without using my cash LISA, therefore the lisa wont be touched for a fair few years at retirement. I am happy to let my lisa sit for a further couple of decades but obviously want more than the 3% or so the nottingham is giving me, what are…
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Cash ISA transfer - Charter to Vanquis
Has anyone transferred a variable cash ISA from Charter to Vanquis? How quick are transfers? Do they both use electronic systems?
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New £12,000 limit on Cash ISA
Ok so in the future we will apparently limited on how much we can put in a Cash ISA. Apparently we will still be able to put a total of £20,000 in a ISa but £12,000 in a cash ISA and the rest I presume in a stocks and shares ISA. if that’s the case then how are we limited other than by the range of companies we can use.…
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Cash ISAs capped at 12,000 (a year)
Amount under-65s can put into cash Isas (Individual Savings Accounts) capped at £12,000, with the rest of the £20,000 allowance reserved for investments
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Transfers from S&S ISA to be scrapped
I read a daily mail article today saying our wonderful chancellor is cancelling the ability to transfer S&S ISA back to cash ISA’s, I appreciate this is to stop people putting in the additional £8k into the S&S ISA and transferring back, but what about old investments I have a lot of money currently In a S&S ISA, do I need…
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isa
i had full 20000 for year 23/24 in may of this year I with drawled 11900 and replaced in several amounts back up to the 20000 but as it was last years money dose this mean I can add more ie i have added 12314.94 and with drawn -2163.66 that's the 11900 plus's 414.94 i have added and again 2163 with drawn from this year…
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Reeves' ISA review
Will be interesting to see what comes of this. Potentially restricting the amount of cash one can hold in an ISA or reducing the cash ISA allowance to just £4k. I think its important to try demystify some of the (often incorrect) concerns about investing, so that these potential change(s) actually encourage more people to…
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Having more than one S&S ISA
I currently have two S&S ISA's with two different providers (Trading 212 and iWeb - majority of money is in iWeb). Is there any benefit to having more than one S&S ISA? I am thinking of consolidating my T212 into iWeb for ease. I don't mean in terms of fees paid etc, just the principle of having more than one S&S ISA.
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MSE News: Martin Lewis: Is a Lifetime ISA win coming in the Budget?
A penalty paid by first-time buyers accessing savings in Lifetime ISAs (LISAs) when buying homes above the scheme's £450,000 property price limit could be scrapped, it's been revealed... Read the full story: 'Martin Lewis: Is a Lifetime ISA win coming in the Budget?' If you haven’t already, join the forum to reply.
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AJ Bell ISA dealing fees
Given that they charge £1.50 per deal and I’m investing cash monthly, is it more beneficial to swallow the fee and buy monthly, £200 to a single fund (will be £350 from April) or buy every 3/6 months to save fees? I’m guessing that time in the market is more important than saving £1.50 a month?
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Problem setting my Trading 212 ISA as a payee
I've just opened the Trading 212 Cash ISA and I'm trying to deposit funds from my Halifax current account. When I use the sort code and account number provided by Trading 212 (for JP Morgan Chase) to set up a new payee in Halifax, Halifax notifies me that the details are incorrect. It does recognise the sort code as for JP…
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stocks & shares isa question
Hi, I have a basic stocks & shares isa question. I don't understand how they work. So if I buy shares at £12,000 and they rise to £20,000, so a gain of £8,000 profit, and I put them all in a stocks & shares isa, there's no capital gains tax. How do I then spend the money? If I want to buy a car or go on a holiday or…
