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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…
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How to update HMRC estimate for tax on savings
Hello - My latest tax code for 24/25 shows too little tax due for interest on savings. If I update this through the Income Investment link on my HMRC account will this automatically update my tax code? Also the interest on savings amount for next year 26//27 is far too high so should I put in what I think it will be and…
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Withdrawing from ISA
I want to withdraw money from my cash ISA but the available amount for withdrawal is less than the total in the account. It looks like the difference is the total interest currently earned. Why can’t I withdraw the earned interest too?
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Stocks & Shares ISA Transfer Rules
Hi all After reading an article on MSE I’ve recently tried to transfer my Stocks & Shares to a cheaper platform. The new platform requested a cash transfer without my consent (as my funds weren’t supported) and my existing platform sold my funds without checking with me. Can they do this? And now both are saying it’s the…
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Halifax Help To Buy ISA / Lifetime ISA / Cash ISA
I have a long standing Halifax Help To Buy ISA currently at roughly £23,000 I set it up a long time ago and just had a £200 monthly standing order across to it, which I ended after June 2024 and now send £200 a month across to a T212 Cash ISA instead due to the much higher interest rate If I open a Lifetime ISA before the…
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Regular saver ISA tracking ftse100
Hi, I'm interested in investing in a stocks and shares ISA tracking the ftse100. Initially I would like to do this as a regular monthly amount with periodic additional payments as some of my other investments mature. Any advice from experience or alternate suggestions would be appreciated.
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Cash ISA query
I’m sorry if this is an obvious question but I’m confused despite reading the posts 😬 I’ve never been lucky enough to have savings, but have recently lost my mum and dad so have some money to put in to a cash ISA for my retirement. I have put 20k in one and know this is the tax free amount each year. Does this mean I can…
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How to transfer from ISA to ISA & LISA & withdraw cash
Hi My daughter is turning 18 and she has a junior cash ISA, on her birthday it is moving to another ISA with the same provider. The ISA rate on the new account is rubbish so need to move it. We want to move some to a cash LISA and some to a cash ISA and want to take a few hundred out in cash too, is this possible? Is a…
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Premium Bond ISA Strategy Tax Year 2024/5
Mrs Tet and I have not yet funded our ISA's this tax year. For context this year the tax year ends thus: Apr 1 - Tues 2 - Wed 3 - Thurs 4 - Fri 5 - Sat Assuming that our ISA providers accept debit cards, is it possible to give NS&I instructions to windraw cash and fund ISA's AFTER April's draw? Regards Tet PS AJ Bell have…
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ISA
My ISA savings over many years have now exceeded £85000. I want to withdraw some to start another ISA with a different bank. At 75 I'm very risk averse so don't want an investment ISA. I also prefer a well known bank even though the rate will be less than some of the newer ones. I understand some banks share the same…
