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Transfer or lose tax free status
Some
background, I currently have 2 fixed rate cash ISAs as follows: Bank A 1yr
Fixed Cash ISA 4.10% ends Feb 26 approx £13k Bank B 1yr
Fixed Cash ISA 4.60% ends June 25 approx £15k Both of
these cash ISAs have filled up my 2024/2025 tax allowance of £20k. The figures
are more than £20k in total because of interest and…
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I am new to the ISA game, so need some assistance please - 😀🙏
I've spent the morning reading about ISAs and need to check my understanding. Last year I opened a T212 ISA and deposited £20k all good, earning 4.5% variable I have another £20k to invest in another ISA for this tax year. If I put it with T212, I just get the current 4.5%. as I'm not a new customer There are a variety of…
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Compound interest in an ISA..?
I am really frustrated with how incredibly confusing ISAs are. There are ISAs that pay the interest into the actual ISA account however you are only allowed £20k of savings in your ISA. Does that mean that unless you are removing these £20k you are breaking the law and have to somehow declare this to HMRC? What happens if…
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Junior ISA mistake
Set up junior ISAs for both our kids at the same time. Unfortunately, we filled in the eldest child's birth year incorrectly, repeating her younger sister's birth year on the form by mistake. As a consequence, child 1 now has a junior ISA over the age of 18. Provider thinks she's younger. We've paid money into it not…
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Transferring isa before interest is paid
I have recently opened a cash isa with moneybox which pays interest yearly. I would like to transfer the isa to a different provider when the interest rate of it drops in 3 months. If I transfer it will the interest be transferred as well or do I need to keep it open with a little bit of money and then transfer the rest at…
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New ISA with Paragon adding transfer from Virgin Money
I have a good maths degree, so should be able to sort my own affairs, but I'm getting old now, and dealing with three other banks has recently given me a wobble, so I would appreciate a little help with the above, as the bank doesn't appear to have phone line. First of all, can anyone give me an estimate of the time that…
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New Double Access Paragon ISA for 2025-2026
Like most people, I usually only post on forums when something goes wrong. However, I thought I would put in a good word for Paragon after recently opening a new ISA account with them (4.5%) for the new tax year. This involved a transfer-in of a partial amount from an existing Coventry ISA account. The Coventry is only…
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Zopa (existing) vs Trading 212
I've been caught on the hop so to speak. Latest I had from Zopa indicated the rate was going to drop to 3.80%. Although actually the rate shown in the app was and still is 4.50% AER rather than 4.3 "You’re currently earning 4.30% AER* (4.21% gross**) variable on Access ISA pots. This includes a 0.5% AER*/gross** fixed…
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Combining ISA's
Hi all, I currently have a Trading212 Cash ISA worth £20,300, earning 4.5%. I'm considering opening a new Cash ISA with Tembo on April 6th, which offers a 4.8% interest rate, and plan to fund it with £20,000 from my savings. My question is: once I open and fund the new ISA, will I still be able to transfer my existing…
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Help With Isa
Hi All. I took out an Exc Fixed rate ISA12 - 5.05% in May 2024. I'm not sure what happens after the fixed term. Can I withdraw any interest I may have made at that time. This is my first ISA and not sure how it works tbh. Thanks in advance for any help.
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Opening a fixed-term ISA at the end of one tax year, but paying in the next?
Nearing the end of the current tax year there were some pretty good fixed term cash ISA offers.I noted that one bank was offering 4.30% for five years, and that it had a 14 day funding window. Having already allocated my full £20k in another ISA in 24/25, I opened an account wondering how I would stand if I didn't fund it…
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ISA Question - Have a Current One
Hi, opened up and deposited 20k in my first ISA earlier this year, which I understand falls into the previous tax year bracket. However, knowing the new tax year is upon us, am I able to open a NEW ISA and deposit an additional 20k into that (as I wouldnt be touching my previous one and just letting it accrue interest) Or…
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ISA Transfers on death of a spouse etc
Please: I’m trying
to understand how ISAs are transferred to a spouse on death and still retain
the tax-free wrapper. Some points/questions: Points: We have NO
children. I’m 76 my wife is 75. I have six
different ISA providers; my wife has five. Each ISA
amount is above the banks probate limit ranging from 5 to 50k.…
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Impact on cash ISA due to stk mrkt crashing?
What are peoples thoughts on a cash ISA in companies like Trading212 at the moment? How can they continue to pay out a high interest if the stk mrkt is so bad? If the company goes bust, how long does it take to get my money from fscs? Thank you.
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Getting ready for my 2nd year ISA. Quick question!
Sorry folks, probably obvious but didn't have much luck when I was trying to find the answer online. I placed £20,000 into an ISA with Chip in April 2024. That is now showing £20,837.48I've just signed up to Trading212 and started the process to transer this across. Come the 6th April I want to add an additional £20k into…
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BoS/Halifax flexible ISA deposits issue
Just a heads up - if you've flexibly withdrawn funds from a Bank of Scotland or Halifax ISA this year and plan to deposit the money back (from another BoS/Halifax account) before the end of the tax year then you might encounter a glitch in their system which tells you the deposit would exceed your ISA allowance and cannot…
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Can a Cash ISA transfer be specified to transfer on a set date?
I have a flexible Cash ISA which matures in a couple of weeks whereupon it is moved automatically to a lower interest flexible Cash ISA. In order to transfer this Cash ISA to an another company with a better level of interest, can I specify that is it transferred on the maturity date, or a day later after the annual…
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Old ISA
Hi hope you can help. I opened I fixed 1yr ISA last July. Can I add to it before the 6th of April . Or do I have to wait until July?
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ISA operative date
If I open an ISA on 5 April but don’t put money in until 6 April is it considered an ISA in 24/25 or 25/26 tax year?
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Good time to buy?
Is it a good time to invest in a stocks and shares ISA with the stock markets tumbling?
