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ISA INTEREST
In 23/24 tax year I deposited £25000 into an ISA account and it made £1400 interest. I transferred the total £26400to another ISA account in December 2024. My question is: Can I still put £20000 into an ISA before this tax year ends, or can I only deposit £18600 because £1400 interest is already classed as a deposit for…
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Cash ISA - Dormant and risk of closure
I have cash ISAs which I am not investing in, as I can only pay into one per tax year. I have read that an account left unused will become dormant. BUT The HMRC website says: "Your ISAs will not close when the tax year finishes. You’ll keep your savings on a tax-free basis for as long as you keep the money in…
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Chip cash ISA (boosted) interest rate: 5.15% or 4.89%?
Hi all 👋🏼 Hopefully I haven't overlooked similar threads or post but I wanted to check on what the current boosted Chip cash ISA rate for new customers is. Alongside T212, the Chip cash ISA is the top showcased ISA on MSE. When I follow the link to the Chip website, I am shown the following: 4.89% AER (4.32% plus 6-month…
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Using a LISA
Hi all, I have a LISA i've been saving in for a fair few years now and have recently moved into my girlfriends house that she has a mortgage on. Does anyone know if my LISA can be used to buy into her house when she goes through a remortgage or anything similar i could use my LISA on? Thank you
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Trading 212 Interest Problems Jan 2025
I've just heard from Trading 212 that they are experiencing difficulties with their ISA interest calculations for January 2025. Is anyone else having trouble?
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Financial Security
Hi, I have suffered long term unemployment from poor health. I am related to rich people but I do not own any property not even a car. I have been told repeatedly that I do not own anything. Yet I am determined to own dignity. My main assets is a Help to Buy ISA. How can I protect myself immediately? And in the very…
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New ISA Rates possibilities
If the government change how much you can invest in an ISA does it affect when you save so much per month. E.g currently you can invest £20k across different ISAs over the year. What happens if they reduce to £4k. I ask because I've just started to invest in stocks and shares ISA or any other ISA for that matter. If I…
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New Cash ISA, don't currently have one - £27000 to save
Hi,I'm trying to help a relative with £27000 put their money somewhere that will gain as much interest as possible, but generally risk free. They shouldn't need access to the money for over a year at least. They don't currently have an ISA, the money has been in a savings account, but the rate it going below 4% soon. Would…
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Fixed term ISA -regs
It was my understanding that the ISA regs require that the saver must be allowed access to their funds, albeit with a penalty. Is that not the case? Was just browsing Notts BS ISA terms and they forbid closure or withdrawal before the end of the term. They do allow transfers out with a penalty, which seems to be a…
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Second ISA
I know this has probably been answered somewhere but I can't find it. I have a cash ISA. Can I start a new ISA in April with another provider (and only contribute to that, obviously) or must I also transfer my current balance to the new one?
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Monthly adhoc payments - top up existing pension, or invest elsewhere in SIPP/ LISA/ S&S ISA instead
Hi folks, Looking for some advise as I can't seem to really set upon a definitive answer anywhere. - I recently purchased and moved into a new flat, mortgaged c. £340K over 30 years term. - I've only recently started paying into a defined contribution workplace pension (long story, but never opted in, am now 35 years old,…
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What to do with a spare £5k?...
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2x Lifetime ISAs open at the same time
Can you have a Stocks and Shares Lifetime ISA and Cash Lifetime ISA open at the same time please? With the understanding that you only pay into 1 of them each tax year. Thanks
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What ETFs to invest on InvestEngine?
I recently opened an account on IE to take advantage of their referral bonus. The only ETF I have invested in on another platform is SPYL, which is unavailable on IE. I tend to focus more on individual stock picking, so I am unfamiliar with good ETFs. Could you recommend some ETFs that you are currently investing in?
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MSE News: Martin urges Government to change unjust Lifetime ISA rules penalising first-time buyers
First-time buyers paid the Government an estimated £1.8 million in fines for taking money out of their Lifetime ISAs (LISAs), new figures for the 2023/24 tax year show. MoneySavingExpert.com founder Martin Lewis is renewing calls to the Government to stop those who are using LISA savings for their intended purpose – buying…
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Had the Trading 212 Cash ISA rate dropped??
Hi, Last month I opened my first cash ISA with 212 via the MSE link offering a bonus, making the rate a generous 5.03% AER. I've just logged in this morning and the App is now stating the rate is 4.63% having previously shown 5.03%.
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Virgin Money Defined Access Cash E-ISA Issue 31 AER
With the interest rate reduction a few weeks ago I've not seen any change for the rates on Virgin Money Defined Access Cash E-ISA Issue 31 which still appears to be 4.51% AER I've a Cash ISA with a building society to move somewhere else now they will be reducing their rates, so before I transfer it to Virgin is anybody…
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LISA - criteria for withdrawal
My wife is looking to use her LISA to purchase her first home however she has a 25% share in a property partnership that was setup to buy a commercial property. We've since bought the flat above within the same partnership which we rent out but never lived in. We live together in our family home which is solely in my name.…
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Withdrawing all/most of Cash ISA
My husband and I each have Cash ISAs going back over the last few tax years. Due to a house purchase we will be withdrawing most/all of this, probably during the summer. I've called the provider, but managed to get cut off before all my questions could be answered. So I am asking on here: 1. When money is withdrawn, which…
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ISA over £85K
My ISA will go over £85k if I transfer to a new ISA in 25/26. My current provider doesn’t allow partial transfers. So is my best option to transfer to a provider who allows partial transfers, keep the account for a short period then within the same finance year 25/26 transfer out partial amounts to 2 different ISA…
