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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…
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tax on savings.
my partner is a non tax payer earning less than £10k from a pension and is not old enough to get state pension for a few years. I am a basic tax payer from a pension, no state pension also not old enough.. We have savings that would attract tax as it would earn more interest than £1000. If my partner can get a better…
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ZOPA Smart ISA - transfers in experiences?
From what I've gleaned, ZOPA's Smart ISA is a decent proposition as long as you don't mix & match their variable and fixed ISAs as they don't allow partial transfers (that is, transferring out from easy access variable ISA will also involve the closure and penalty for a fixed ISA). I intend to transfer in a couple of…
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Santander - Fixed rate ISA - anyone UPGRADED?
Has anyone recently (or have experience of) 'upgraded' their soon-to-mature Santander fixed rate ISA via online banking? Is it a pretty straightforward affair? I ask as under account details for existing customers, it states: Existing customers Subscribing to your existing ISA If you haven't made a deposit into your cash…
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Junior stocks and shares ISA
I'm looking to open a junior stocks and shares ISA for my 2 children. Was planning on starting with £5k lump sump and then adding around £100 a month. I've done some research and would prefer one with a ready built portfolio. Something like this, https://www.vanguardinvestor.co.uk/what-we-offer/ready-made-products I…
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Monthly Saving into Stocks & Shares ISA
My daughter and son in law are looking to save monthly over the long term so looking for a provider that enables low cost monthly contributions. I am with IWEB who I don't think have that facility. Interested to know what the options maybe where I can select the funds.
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ISA fundamental questions
Hello Despite considering myself a fairly intelligent person I still struggle with ISA rules! Any guidance would be great. My wife and I are higher rate tax payers and keen to keep earnings under 100k due to childcare allowances. My wife sold a property a couple of years ago and put the cash into ISAs. We have some money…
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Cash isa reinvestment
I arranged online with nationwide to reinvest my fixed rate isa which has matured today to go into another fixed rate isa with them, I have woken this morning and the funds are in a maturity account. I expected it to automatically transfer straight into the fixed rate account. Does it take time or have I done it wrong?
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Manual Cash ISA Transfer - when does 15 days deadline start
HiFor Manual Fixed Rate Cash ISA Transfer:1)The 15 working days timeframe - does it start from the date of maturity of the maturing Cash ISA, or the date on which I apply for the transfer.2)If it takes longer than 15 days do I have a legal right to claim compensation to the extent I lost interest, or is this only a…
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When to ask for transfer date?
Hello, I've just received a letter from my current 1 year fixed isa which matures on 11 October. I want to transfer to a 2 year fix with another provider. Should l ask for the transfer to begin on the maturity date or start the process before? Thanks.
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4 ISA's maturing late October --- reinvest for 1 year or do 2 years in case Budget brings bad news
Hi , Between my wife & myself we both have over £100k in cash ISA's maturing late October across 4 ISA's. Then another 4 of a lower total, maturing in April & May next year. Nervous ,with regard to the rumour mill, on what restrictions R.R. may or may not bring in for her first budget.Wondering if best re investing the…
