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Interactive Investor forced sale at a loss
I was recently informed
by Interactive Investor, the provider of my ISA, that my shares in
Dunedin Enterprise Investment Trust would be forcibly removed from my
ISA if I did not sell them soon – at a significant loss. This is
because the directors of Dunedin Enterprise are intent on winding up
the company and returning its…
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Date for ISA transfer
Seeking advice from those more experienced. Fixed cash ISA matures 30/12/2024. Have opened new cash ISA account with different provider - as yet unfunded. Have to fill form in to transfer money from 1st provider to new account. What date should I put on form for transfer to happen to ensure I'm not transferring before…
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Starting out, which isa and transferring between cash and S&S?
Hi all, so I'm coming into some funds soon that I want to split between a cash and a stocks and shares isa. The thing is I still have a fair bit to learn about investing so I'm not sure if I should put a lump sum straight into some funds or start with it all in cash and either wait altogether or just do a monthly…
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Question - Lifetime ISA Joint Purchase
Hey, my girlfriend and I are starting to think about buying a property together. I am already a homeowner but we would be looking to purchase somewhere bigger than my current property together to settle down and start a family. She currently doesn't have a Lifetime ISA but I suggested she should get one. As far as I can…
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Trading212 Cash ISA transfer out
I have a trading212 cash ISA which I have requested to be transferred out (via the new provider). According to the trading212 help they would notify me and ask for approval, neither of which has happened yet after a week. I tried asking their online help on chat but they are not answering which is another issue. Has anyone…
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Trading 212 Cash ISA - Interest on uninvested cash
Hi all. Sorry if this has been asked already . I've had a search but can not see this previously asked. I recently opened an ISA for this year and deposited funds. And the main Cash ISA screen says the correct amount for the account. On the notifications however I get a daily notification about the daily interest, but this…
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Fixed Rate ISA Maturing
I have a two-year fixed rate ISA with Virgin Money that matures on 24th December 2024. They are offering to reinvest the money into either a new 1 year Fixed Rate ISA, a new 2 year Fixed Rate ISA, an easy access Cash ISA, or a non-ISA account, with the easy access Cash ISA being the default option. In this tax year, I have…
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Fix or not to fix my cash ISA?
I understand that nobody has a crystal ball to predict the future interest rates. I currently have an easy access cash isa which pays 4.7%. I won’t need to access the money for 3-4 years. There are current two year fixed at 4.4%, what are your thoughts regarding fixing your ISAs? I do have a S&S ISA, but want to keep some…
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Reliability of Trading 212 cash Isa
I would be interested in people’s experiences of using and saving with Trading 212, as I am thinking about opening a cash Isa with them and have not previously heard of them.
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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…
