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Cash ISA's
So the last discussion about this popular topic was 2015. Really? Am I missing something.
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Help!! HMRC randomly dipped in and took 1/4 of my wages
Hi all! So I was shocked to find my monthly pay reduced by approx 20% (almost 600) this month with my tax code changing from 1147L to K283X. I had no correspondence, no warning whatsoever. My salary is approx 45,000 per annum My monthly pay is approx 3000 I have a grand total of approx 135,000 across 3 easy access ISAs;…
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Financial Times ISA article
Financial Times reports Phoenix and the LSE have urged the Chancellor to scale back tax breaks for cash ISAs. https://postimg.cc/Q9hpRG9Q Click on image to enlarge.
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New cash ISA - verify ID without smartphone
Are there any good cash ISAs that don't need a smartphone or branch visit to verify ID please? Asking for elderly mother in law.
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Paid into S&S ISA as non UK tax resident
Hello, I was UK tax resident for the past 4 years, in which I had a S&S ISA. For 2024-2025, I paid a lump sum of 20k on 10 April 2024 and then in June moved abroad. I won't be coming back until the end of the tax year, so according to the SRT that'll make me non-UK tax resident for the entire 2024-2025 tax year. Does it…
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Taking a loan to fund an ISA
My ISA is returning 12% annualised interest. Why shouldn't I borrow 20k from M&S at a fixed rate if 6%?
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How do I find out what interest moneybox cash ISA is currently attracting right now?
How do I find out what interest moneybox cash ISA is currently attracting right now?I read moneybox cash ISA was paying 5% so I put £3k in moneybox cash ISA beginning Jan.Since found out this is variable.I can see £interest being added, £11.50, but I can't see anywhere in the app the actual interest rate I'm receiving?…
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City firms urge Reeves to scale back cash ISA’s
Today’s FT: City firms have been lobbying the chancellor to scale back the benefits of cash isa’s to force investors to into more stock market funds. Reeves is said to have not dismissed the idea.
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Banks "totally ignoring" changes to ISA rules
https://www.thisismoney.co.uk/money/saving/article-14335103/Shamed-big-banks-totally-ignore-official-Isa-rules-open-like-SYLVIA-MORRIS.htmlNice to see this getting attention. Though the article doesn't mention the instances where some providers tell customers they are not allowed to open another ISA elsewhere either.
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Government aiming to make £605m in tax revenue purely from ISAs....
I saw someone discussing the actual 2024 budget document, which says virtually nothing about ISAs, other than freezing the rules until 2030. And yet in the 'repairing the public finances' section, point 31, it shows £605m in tax revenue from 'savings - ISAs and CTFs', by 2030. His interpretation was that this was by…
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Jan 2025 - Can I take more out of a flexible ISA account than in to fund another ISA
@eskbanker May I ask you this question please (thank you for having answered to some of my saving questions elsewhere). Anyone else who can give any insight, please do, thank you. Sorry the title of the thread is not great. I am opening a three years fixed Shawbrook bank ISA and was about to withdraw money out from a…
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My take on cash ISA's
This is my first attempt at a forum, I started an ISA with Trading 212 in November 2024 out of necessity rather than an informed choice. I have to say the process was a lot easier than I anticipated. Now here we are approaching a new financial year.My take on the "Cash ISA" is that I can start a new Cash ISA in April this…
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Impact of higher tax rate on savings
Hi all, My new job is going to push me into the higher rate tax band, though probably not this tax year. I remember Martin speaking about how the amount of savings interest you can earn before paying tax on it goes down at that point, but I can't recall and can't find how much savings you would have to have for that to…
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Trading 212 bonus via link
Hi, I have just opened (28th Jan 2025) a new cash ISA with Trading 212 via your link using the APP expecting to see an interest rate of 5.12% however I only have 4.9% showing in my APP with them. When looking on your website and clicking the same link to open account it shows that I would have gotten the 5.12%, I have…
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Transferring Cash ISA questions
I've not transferred an ISA for many many years so don't know the do's and don'ts. My Cash ISA is currently with a Credit Union and I will be getting the interest (annually) of 4% early April 2025 but I'm thinking of transferring it to Trading 212. I'm sure I read that Trading 212 only accept certain transfers and I'm…
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Moneybox 'misleading' cash isa
Furious at Moneybox.opened a cash ISA with moneybox after seeing their 5.10 % rate on movey saving website. after pretty much 14 days they eailed to say they were reducing the interest to 4.5% how ever all over the websites they are still advertising it as 5.1%. I contacted them and they said its variable so can reduce it…
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Thumbs up to Trading 212
I know there have been discussions before and people have had delays when withdrawing their cash ISA's. Yesterday afternoon I requested a withdrawal from one of my ISA's to my nominated bank account. It stated the money would take 3 business days to reach my account. Surprise surprise on checking my bank account this…
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PLUM Shady Practices
I am new here and stumbled upon PLUM via the MSE ISA report citing Plum as the highest interest rate provider currently. I took the plunge although the app is somewhat confusing and asking staff questions via the app proved a minefield on its own. I seemed to have figured it out in the end and then took the plunge and…
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Cash ISA interest £1000 question
Hello everyone. I really struggled with numbers and anything money related. My question is:- If I earn over £1,000 in interest in my cash ISA, what happens? If I don't get taxed on ISA interest, why is it mentioned? I might go over the £1,000 in interest but not by much. I've slowly saved money in an ISA for years. And it…
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withdrawing some £ from a flexible cash ISA to put it in a flexible stocks and shares ISA
I have a new Chip flexible cash ISA and a Vanguard S&S flexible ISA (from past years.) Going by the above advice, I thought I could put £20K into Chip now, then at some time during the next tax year I could move some of that £20K into my Vanguard S&S (move by myself, not a formal ISA transfer.) I'm aware that…
