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When do banks inform HMRC you have an ISA?
Both myself and my wife took out a second ISA with the Co-Op bank in the same tax year (neither of us going over the £20k limit when you add up each of our two ISAs). I didn't realise that the Co-Op (maybe other banks as well) do not allow you to make multiple payments into an ISA fund in a single tax year unless they are…
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ISA - Lower interest rate after 1 year?
The 1 year fixed rate cash ISA with Lloyds has an interest rate of 4.25% AER. However, they say that after 1 year, the ISA changes to a Instant Cash ISA with an interest rate of 1.10% AER. Does this mean that after 1 year, its not possible to get a higher interest rate with an ISA than 1.10% AER?
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Virgin 1 Year Fixed Rate Cash ISA Exclusive Issue 11 - Maturity
Got an email earlier to remind me maturity is on 31/03/25. It will switch to an Easy Access Cash ISA Exclusive Issue 3 @ 4.51% Which is also flexible.
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Protecting my money
I have 85k ISA and 85k pension with the same bank.. am I best moving one to a different bank so if it did go bust I’m covered with 2 different banks or are pensions treated differently if a bank goes bust?
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LISAS
Hi, I have just opened my first LISA account with £4000 and intend to open a few more over the next few tax years. Google search information I have found is a little confusing so please could someone help? If I were to buy a house with my partner in five years time and each of us have separate LISA's is there a limit on…
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Confused about ISA maturity and transfer
I have a 1-year fixed ISA with one provider which is maturing in a few weeks' time. I want to open a new ISA with a different provider and transfer the money in. I understand the general principle to transfer this ISA to a new provider is to apply to open an ISA with the new provider, and fill out a form where they will…
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Paying into Lifetime ISA from my SIPP
I have recently retired and I am drawing income from my SIPP. Can I set up a Lifetime ISA for my son from that income. Or is that viewed in the same way as you can't pay pension into another pension? Presumably because it is getting double tax relief, or am I OK to set up the Lifetime ISA? Does anyone already do this?
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Topping up Cash Isas
I have several ISAs from the past few years, with £20k in each. I might need the cash for a short period in the next tax year, can I withdraw the cash from each of them without closing the accounts and then top them back to £20k before the end of the tax year?
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ISA Limits
If someone currently has the maximum in a Cash ISA, are they allowed to open another Cash ISA to start saving from scratch? Does it have to be with a different provider? Can it be in the same tax year? How many Cash ISA's can somebody hold in total? I've tried researching but have not got a definitive answer, in fact,…
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Transfer Incentives
With the end of the tax year hoving into view, would we expect to see providers starting to offer transfer incentives?
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Cash ISA which takes IFISA?
I've got a small IFISA which has matured, and I would like to to transfer it to a cash ISA. However I can't find any provider to take it. Some I've contacted have had to go off and find out what an IFISA is. Has anyone got any suggestions?
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Urgent advice on which Cash ISA
Afternoon all. Due to help on another thread, I urgently need to invest £20,000.00 into a Cash ISA, so I can do the same after the new financial year (i.e. another £20,000.00). According to this, Best cash ISAs: up to 5.02% easy access, up to 4.48% fixed - MSE Trading 212 - is the best current option (and is FSCS…
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End of term for cash isa
I have come to the end of term of my cash Isa. Never had one before . Will it just restart in April 2025 or do I need to move it to a different cash isa?
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Trading 212 cash isa fscs protection - need to clarify cover
Hi, I've read a few of the threads on the FSCS cover for a Trading 212 cash ISA account but I'm still unclear regarding the following scenario: Savings invested directly in Natwest, JPMorgan and Barclays - each to a value of 85k Savings invested in Trading-212 totalling 85k (Cash ISA with funds split across NW, JPM,…
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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,…
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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.
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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?
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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?
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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.
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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…
