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Fixed Rate Isa's maturing in Jan.
My husband and I have two fixed rate Isa's with Shawbrook maturing in January. In FY24/25 I opened two Virgin Isa's, mine is a Fixed rate e-isa and hubby's is an easy cash isa. Both the Virgin Isa's were opened with the full £20k each. If we now transfer the Shawbrook Isa to another Shawbrook Isa (1 year fix 4.49%) is that…
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Cash ISA Tax Question
Hypothetically speaking, if I had £1M in a stocks and shares ISA, cashed it in, and transferred the money into a cash ISA product paying 4%, would the subsequent interest of £40K PA be void of tax each year?
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Reducing current maxed-out ISAs to open a new one
Hi, current situation is that I have 2 ISAs* Cash - 10k * Shares - 10k so effectively maxed out for 24/25 tax year currently My problem is that in Feb 25 I have a company sharesave scheme maturing and the shares have done madly over the option price, basically 500%+ increase ( I know, feel very fortunate), and rise will be…
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New to ISA
Please go easy on me as I know very little about ISAs . I had £40k to invest , and I put 20k into my Halifax ISA at 4.5% in January 2024 and another £20k into my wife's nationwide isa in January 2024 . My question is do I move both in January to another fix or can I cash my wife's and put that together with my £20k . Just…
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Bank/ building society dragging out ISA transfer times
A family member who's fixed ISA matured on 29th November applied to a new bank on 21st November to transfer total ISA value on maturity. The new bank submitted application to old bank on 22nd November and at the same time the ISA account holder advised his 'old' bank he was transferring out as the letter to him re maturity…
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Worth transferring S&S LISA to S&S ISA?
Hi all, Opened an S&S LISA with AJ Bell around 5 years ago and have put in max amount each year, which is all I can afford to currently save. I’m also looking to buy a place in London in the next year. As I won’t be able to withdraw the money in the LISA before I’m 60 or use it to buy property (as I’m in London and looking…
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ISA allowance if withdrawing cash
Hi all. If I have a flexible cash ISA and I have put £20k into it in this cash year. Can I withdraw, say, £5k and put it in a stocks and shares ISA within this tax year? Or alternatively close the cash ISA and put the whole £20k in a stocks and shares ISA?
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Paying with an ISA
I am due to have some private surgery soon and wanted to use my flexible ISA to pay most of the fees, but I don’t know if this is possible. Could anyone who has knowledge in this let me know.
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IFA with USA / UK expertise to decide: buy to rent in US, or repay mortgage and invest in UK
Hello, my wife is dual US/UK citizen while I'm British and we permanently live in England. She inherited two properties in the US to a total value of her share of about £280,000. We're looking for an IFA with expertise in both US and UK investments and taxes to help us decide what to do. Any recommendations please? The…
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Impact of earned ISA interest on following years allowance
I’ve not been a regular ISA saver but looking to change that and be better at maxing out the yearly 20k allowance. Something that has come up in conversation is that when your interest is paid on the ISA value annually (so 5-April) then that earned interest goes towards the next year allowance of 20k. so for example 23/24…
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My First ISA
I find myself with some money to invest, for the first time. If I put £20k into an ISA this year, could I do the same again in April, or do I have to wait a year? I've noticed some are %5+. . does this mean £5 interest on every £100 per year? So I could turn £40,000 into £42,000 by April 2025? Is it naïve of me to think I…
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Misleading information from TSB about options at end of Fixed rate 2 year ISA
Last month my TSB 2 year fixed rate ISA ended its term. TSB sent me two letters and a link to their website which all listed my options for re-investing. The lists did not include the option to ask another provider to complete an ISA transfer. I consider this to be misleading, so I complained to TSB, which rejected my…
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Vanguard S & S ISA transfer out
Hi everyone I have a Vanguard S & S ISA with just under £40 K in it, built up over a few (previous) years. Its in Life strategy 80% I'm likely to need to draw on it in the next year or so and with the changing Vanguard fees I'm starting to wonder if my money would be safer (no drops in growth) and more easily accessible in…
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Exceeding 20k ISA limit
Hi all, I've accidentally exceeded the 20k limit by having a DD into a LISA account whilst also having a cash ISA elsewhere. Can anyone explain what HMRC are going to do? Do I need to let my ISA provider(s) know? It was totally accidental. When depositing money earlier in the tax year I forgot to think ahead to what the DD…
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Maximising Isa income
I am now retired and have been receiving income from my Isa account for a few years. I had a light bulb moment around 5 months ago, where I realised that instead of getting income from just one income fund quarterly, I could switch to other income funds very quickly and get more income! I am now using 4 different quarterly…
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Cash ISAs Dec 2024
I currently have a Trading 212 cash ISA (AER 4.90%). I have maxed out my personal savings allowance (PSA) this tax year with this ISA. I am now wondering if it makes more sense for me to transfer £20,000 to the Plum cash ISA (AER 5.18%) as the max 3 withdraws a year will likely not be a problem for me. If later on down the…
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How can I calculate if my monthly ISA interest is correct?
Hi I have an ISA £79,767.34 with a rate that is now currently at 4.5%. Last months interest was £266.65. How can I calculate if that's correct? It doesn't seem correct as I have a Chase Saver with 25k in it and that earned £92.98. Considering that's only a third in the Chase Saver than the ISA, I don't get why the ISA is…
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T212 cash ISA interest to be paid monthly from January 2025
Got an email earlier from T212 outlining the interest on the cash ISA will switch from daily to monthly payment. Can't add a screenshot from my phone via the app (find file button doesn't work) but this is what the email said: "Upcoming changes Hi [privacy], At Trading 212, we're committed to offering you the best interest…
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Partial withdrawal from 23-24 ISA.
Am I correct in thinking that if I withdraw money from my Skipton 2023-24 Flexible ISA I can replace it again? (I have a 2024-25 Flexible ISA too with Chip but don’t want to use that one.) If so, how long do I have to replace the money in the Skipton ISA Account? Thanks for the clarification. Appreciated.
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Getting Investments into ISA wrapper
Me. Ongoing £250/month into longstanding Vanguard S&S ISA plus £13K cash ISA so far this year. Additional £50/month into Nutmeg funds, value c£2,5K OH. £17K cash isa this year, no S&S isa contributions, but £100/month into Nutmeg funds current value c£11K 1 How do we get the OHs £11K into an ISA wrapper, can we get £3K in…
