-
LISA and Buy to Let
Hello fellow MSE members! So ive done a bit of googling and i haven't found any real answers to this question. I have a LISA and im building it up to get a strong deposit for my first home but recently I've also starting to look at getting a mortgage for a Buy to Let property to get into the rental market. My question is,…
-
Tax on sale of ISA shares
I want to help my son buy a house. I have a S&S ISA. If I raise say 30k from that, and pass the cash to him obviously it’s a Gift as far as IHT 7 year rule goes, but would he be liable for any income tax on that cash? Thanks.
-
OPENING AN ISA NOW AND MAKING A FURTHER DEPOSIT IN THE NEW ISA YEAR - QUERY
Most fixed rate cash ISA products allow for deposits additional to the initial deposit for a period of 60 days. If I open an ISA before 6 April 2025 by transferring already wrapped funds is it likely that I will be able to add £20K of unwrapped funds in the new financial year but within the 60 day period?
-
LISA contributions from excess income
Are contributions to my grandchildren LISAs a legitimate way to use some of my excess monthly income from an IHT efficiency perspective?
-
Cash ISAs won't be changed on 26th March?
Every newspaper is running the same story this morning, which is that Cash ISAs will not be changed this month but they are still slated to be "reformed" this year. It's a complete mystery how they've all hit on the identical story as we've been told many times that the Treasury does not comment on budget speculation.
-
S&S ISA transfer
Hoping someone can give me some guidance on transferring my ISA from Halifax to trading 212. I have subscribed £5000 to Halifax ISA share dealing this tax year, while the remaining £15000 with trading 212. I purchased some shares with Halifax say Share A on 8th April 2024 with the £5000 subscription. I then sold some…
-
Moving money from standard savings account to an ISA
We have had a joint instant access savings account now for a couple of years and because of more favourable interest rates than when we started, this tax year we may be required to pay tax on the interest. If we open individual ISA’s now and transfer the maximum amount each out of the savings account, will that lessen the…
-
Trading 212 Cash ISA
Opened a new T212 Cash ISA to transfer into. I was 73rd in the 'queue' and kept being reminded to add funds to receive 5.03%. I was waiting for the transfer to be administered by them. Finally the transfer was done and they advise me now that my interest rate is 4.5% only. I missed the deadline through no fault of my own.…
-
Chip ISA Promo Honoured for Transfers In?
Chip has a promotion for six months with a boost of 0.68% to take it to 5% for new customers paying in this tax year or transfering existing ISAs. To get the promo you must pay in £1 within 14 days of opening. I think you can see the catch for transfers: if you have maxed out your £20k payments this year you can't pay the…
-
Flexible ISAs guide
Hi! This is the discussion thread for the Flexible ISAs guide. Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
-
ISA APS allowance
Sorry if this has been asked before, but searches on here didn't shine much light, and information from the banks isn't helpful. My wife passed away and had a cash ISA with Natwest. I have probate, and am the sole beneficiary. I bank with Barclays, so would like to transfer the APS to them. For this, Barclays has forms to…
-
CASH ISA ON MATURITY
I took out a 1 year fixed cash ISA in the 2023/24 tax year(£20,000).
It matured in March 2025. I have moved/transferred it with the same provider to
a new cash ISA. Do I have to use my 2024/25 ISA allowance to cover/provide for
this. Or can I use my 2024/25 ISA allowance for a new ISA.
-
Chip ISA
I'm looking for a flexible easy access cash ISA with no limits on withdrawals, and chip looks like a good possibility. Does anyone have any experience of them? Any issues?
-
ISA allowance question regarding Inheritance
Hi folks, I have a question regarding inheritance and ISA allowances. Can ISA allowances be passed onto children from parents as part of inheritance? I know that upon death that ISA's are cashed out and given as cash and passed onto children (which may be subject to tax) - however can the allowance be passed over? So for…
-
First Time ISA
Good Morning, I am hoping some one can please point me in the right direction. I have some money in a savings account but would like to place this in a cash ISA instead. The issue is this money is to go towards a house purchase sometime this year so I will need quick access at the time without losing any interest. Also can…
-
Drip feeding stocks and shares isa from a cash isa
I just wondered if this is possible? My fixed isa has just matured (around £10k). I want to put more into my existing stocks and shares isa but don't want to do it as a bulk transfer/purchase. Can I open a new cash isa, transfer the matured isa money to that, and then transfer a bit each month from the new isa into my…
-
The Trump Slump
I should have copied Buffet and bailed out of equities before Tariff Trump trashed my S&P 500 ETF What to do now?
-
Trading212 or HandL Active Savings Account
Can't decide which platform is better than the other any one have any experience with either
-
Plum open banking connection
A few weeks ago I opened a cash isa with Plum and today established an open banking connection between my bank and Plum so I could make instant transfers into my ISA. In setting up open banking Plum asked me to agree to read only access to my current account, which is usual for open banking connections and which I have…
-
Help with an ISA.
Do I have to take the interest that I have earned on my ISA out at the end of the year. As this will be over the 20K allowance. Or can I keep the capital 20+ interest in the same account for the next financial year
