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Stocks and shares ISA - switching funds
I am considering switching one of my ISA funds from FundA to FundB. CONSIDERATIONS+ FundA has a value of £10,000+ FundA has a unit price of 500p, has grown 36% over three years.+ FundB has a unit price of 270p, has grown 61% over three years.+ FundB has an even better performance over five years. QUESTIONS+ Am I comparing…
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Tax-efficiency of S&S vs cash ISAs
I have only started perusing this area recently so apologies if the question has already been addressed in the past (my search did not return an obvious thread on this issue). I have 80K to save/invest. My intention is to put 20K in a cash savings account and to invest 60K in shares (ETFs, in fact) . CLearly, I will not be…
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ISA Transfer Question
Hi kind folks of the MSE Forum, Is it better to initiate your a cash ISA Transfer OUT from the provider that currently holds your ISA pot or initiate it as a transfer IN to the 'destnation' ISA provider, [meaning the ISA Provider that you fancy their rates and want to move to]? I currently hold a Zopa Cash ISA [4.8%] but I…
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Another Transferring from Virgin to Trading 212 question!!
My Virgin 1 year cash ISA 6 has matured today, and the interest of just over £1000 is showing as being added. I have already set up the Trading 212 Cash ISA ready for transfer, but on the transfer form it gives me the option for transferring Previous and Current tax year subscription. Is the interest which has been paid…
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Lifetime ISA question
I currently have a Lifetime ISA which I have been using to save for a house. However, I would also like a Lifetime ISA to save £4000 into each year to build up a pot of cash for age 60, so I was going to open a second Lifetime ISA before the age of 40 and save into that after I have enough money for a house. It's just…
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Advice on swapping cash retirement LISA
I currently have a cash retirement LISA with Beehive at 3.3%. The interest is paid annually in April. I was considering swapping to Money Box as their rate is 5% for a year, paid monthly. Am I best to stay with beehive until I have received the interest in April? Or will swapping be worth it now? Thanks in advance to those…
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how to transfer a fixed ISA on maturity ?
Has anyone got any experience a Virgin 1 year fixed ISA . I have one which is to mature on the 24th of September which I wish to transfer the full amount into an already setup Trading 212 easy access ISA . Would I need to allow the funds to transfer into the Virgin 0.10% ISA then transfer the funds over or is there a way…
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Portfolio check please
Good morning everyone Hope this is OK to ask. Just after a portfolio check, currently holding approx 20% of each fund in my private SIPP, I’ve got 10 years until I can start drawing it. I posted in here instead of the pension forum as all the funds can be held in ISA’s too. I do know it’s tech heavy, which has done well…
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New isa account with trading 212
Hi im considering moving my current isa with Conventry of £40000 to Trading 212 . The question im not entirely sure on is as the Coventry account was opened in this tax year ,am i allowed to open another Isa account with trading 212 and transfer into them? Also if anyone else is aware as i cant see anything on the website…
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Chip financial Cash ISA move to another provider
I am looking to move the cash ISA from Chip to Trading 212. It's asking for account number and sort code but no where to be seen on Chip app. Tried the step to deposit with manual transfer option, but only digital banking shows.
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Reinvesting S&S ISA into Cash ISA
Last October I cashed in a S&S ISA worth £45k intending to use the cash to part-fund a house purchase. However I am not now going ahead with the purchase. As neither I nor my partner have used any part of our ISA allowance this tax year, can we both now open cash ISAs or is there some restriction on doing so? I can't find…
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TRADING 212 Cash ISA rate reduction to 5%
From 9th September rate will reduce to 5% AER It was inevitable and could have been worse, but still a good ISA to have.
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Fixed rate ISA - monthly or annual interest?
I have a lump sum of £15k I want to fix for 2 years. An account offers Annual interest at 4.4%, or monthly interest payments but at just 4.3% Is this because of the cummulative effect, and the monthly payment will ultimately pay the equivalent of the annual rate? Or is it genuinely just a worse offer? Since it's tax free,…
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LISA for retirement
I am just about to turn 40 next week. I’ve already got property and mortgage so LISA can only be opened for retirement. I already have a good pension with work. Is it worth opening LISA?
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Tax on compound interest savings
Hi there, apologies in advance if there is an obvious answer for my question. Me and my wife currently have a mortgage (27 years left, 7 years left on a 1.99% interest product) We have been putting all our over payments into savings since we managed to lock into a mortgage with a lower rate of interest than saving…
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5 year fixed rate ISA should I withdraw and open another at higher rate
I have a 5-year fixed rate ISA paying 2.1% that matures 15/12/2023 Would I be better of withdrawing it at a loss of 365 days interest and putting it in a 3-year fixed rate ISA paying 4,75%.
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Charter Savings Bank - ISA Accounts - No multiple Current Year ISA Accounts Permitted
Thought people might like to be aware of this - I checked with them and this is part of the email reply I got: "The announcement made was only an advisory change, it was not a mandatory change each bank had to do. It was down to each individual bank if they wanted to make these changes and Charter Savings Bank decided not…
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Columbia Threadneedle, Stocks and Shares ISA
I have a Stocks ans Shares ISA with Columbia Threadneedle. I've had this for years. The company holding the SandS ISA has changed over the years. I have just left this without much thought but had decided to invest add a small amount to it. The company has poor reviews, I think mostly on the Customer Service side. This has…
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Lifetime ISA - Buying House (not first time)
Hi, first post as I’m struggling to find some accurate info, I used to own a property - subsequently have been divorced, sold the family home and have been stuck renting for a number of years. I’m looking into how I can get back onto the property market and out the rent race, and noticed the Lifetime ISA can be used for…
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Using LISA - Mixed use property & 2 purchases
I am looking to buy a house. Currently a first time buyer. Price of house £350k with a mortgage. As a linked transaction I am looking to buy some adjoining land for £100k as a cash purchase. Plan would be to have a clause in the contract for the house purchase so I can exchange on the house but the contract is void if…
