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ISAs & tax-free savings

Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.

Cash ISA transfer - sanity check
I’m having a bit of a ding-dong with YBS over a cash ISA transfer into them. It’s a partial transfer (allowed by the old provider), with the transfer amount being well below the amount accrued from previous years, and well above the amount I deposited this year into the old ISA. I have asked that the transfer should only…
Will my LISA receive Financial Services Protection above £85k
I’m wondering (and I’m a good few years away from being in this situation) but what happens when my LISA reaches £85k+? Will the entire amount be protected under the financial services protection or just the first £85k and therefore is it worth putting money into a second one whilst I’m still young enough to pay into a…
MSE News: Martin Lewis: Is a Lifetime ISA win coming in the Budget?
A penalty paid by first-time buyers accessing savings in Lifetime ISAs (LISAs) when buying homes above the scheme's £450,000 property price limit could be scrapped, it's been revealed... Read the full story: 'Martin Lewis: Is a Lifetime ISA win coming in the Budget?' If you haven’t already, join the forum to reply.
Vanguard compounding vs £85k safety
I have for 5 years used my full £20k ISA allowance which has matured now to about £125k in a couple of Vanguard S&S ISA's. Am now hesitant to add my 25/26 allowance as I'm now getting above the safety net of £85k FSCS. Should I be concerned and start using another institution or should I continue compounding with Vanguard.…
Chip isa
Trying to open a Chip isa account just now and using the code mayboost to get higher interest as mentioned in todays email. Downloaded the app, set up account and entered the promo code and it said cant use the code in accounts more than 14 days old. Has anyone else had this issue. Have contacted chip live help but closed…
Loanpad drop in interest rates
As a result of the Bank of England reduction, we are announcing a small reduction of 0.1% to our rates with effect from 02 June 2025, as follows: Classic / ISA Classic 5.10% Premium / ISA Premium 6.10% I suppose you could say a .1% reduction as a result of a .25% reduction in BOE base rate is a softening of the blow. There…
Cash ISA
I am so confused about ISA allowances. If I have a non-flexible ISA, with the maximum amount in it, £20,000, and it is earning interest, so the amount in the ISA increases each month, can I withdraw the interest each month, and the original £20,000 allowance remains untouched? Because this doesn't seem to be the case I.e…
Nationwide ISA not showing online
I have opened a Nationwide 1 Year Triple Access ISA on 19th May. I was already registered for online banking with Nationwide as I used to be a customer. During the application process I asked for my Halifax ISA to be transferred over to Nationwide. My question is: in your experience, how long does it take for the new ISA…
FORD FR 3yr ISA no more 4.20%
Was available yesterday at 4.20%. Dillying on whether to open. Too late now 4.00% . You win some you lose some.
ISA provider that accepts paper shares
My company's save as you earn scheme will shortly be coming to an end and I plan to take the paper certificate of the shares and transfer them into a stocks and shares ISA. My company's preferred ISA provider charges fees of £17.49 custody fee per quarter for the account and £10.99 fee for selling shares, which I'd like to…
Flexible ISA rules
May I please check that I understand the rules correctly. I have an Easy Access, but not flexible ISA with Moneybox. I also have a flexible ISA with Paragon. Am I right in thinking that I can transfer from Moneybox to Paragon, then withdraw funds, and then replace those funds by paying back into Paragon, without affecting…
New Virgin Flexi 3 Isa
Hi, I have got a Flexi 3 Virgin account from last year (24/25). I have not contributed to an Isa this year yet. Does anyone know if I can pay into this account for the new tax year, or would I have to open a completely new Isa. I would like to be able to keep last years and this years money in one account. Have tried using…
Which company offers low minimum monthly investments?
I've finally got my son interested in opening a S&S ISA but he doesn't have much spare money so trying to find which companies accept the smallest monthly investment. So far, it seems like AJ Bell is the lowest at £25 minimum per month? Any others?
Reeves' ISA review
Will be interesting to see what comes of this. Potentially restricting the amount of cash one can hold in an ISA or reducing the cash ISA allowance to just £4k. I think its important to try demystify some of the (often incorrect) concerns about investing, so that these potential change(s) actually encourage more people to…
Thoughts on Tembo
Was attracted to their rate and possibility of doing an ISA transfer, so opened a Cash ISA and deposited a test £10. 1. The transfer offer was then halted. 2. Tried a test withdrawal to see how fast funds come back, and the only option it gave was withdraw everything and close account. 3. Tried querying this with customer…
virgin 1 yr exclusive flexi
Hi, I have a virgin 1 yr exclusive flexi. It was funded in Feb 2024. So I guessed it has now matured. Virgin has sent me an email saying the interest rate dropped to 4.1% in May. This is still a good rate. Shall I leave the cash in there? Also, this is called a "Flexi" account, what does that mean? MSE says that a flexible…
Starting with Stocks & Shares ISA - which platform?
So I have decided I need to start saving in S&S ISA. I'm happy where I am on the mortgage and my pension so I want to start building S&S ISA. The plan is that it could be used to bridge retiring at 50-55 vs. when I can access my pension in the ideal world. I'm currently late 30s so I have 15+ years of long term growth…
Transferring Loyalty ISA into Fixed Cash ISA when used allowance already
My Fixed Cash Isa matured into a Loyalty ISA with HSBC. I then added another 20k for this years tax allowance into the Loyalty ISA and I then wanted to transfer the Loyalty ISA into a Fixed Cash ISA. However, HSBC are saying that because I paid my allowance for this year into the Loyalty ISA, I am unable to open a new…
Is transfer a withdrawal?
Hello folks. I have an existing ISA, the balance of which is a bit over the £85K threshold, and I'd like to transfer some of that into a new ISA that I've opened for the 25/26 tax year. The existing account is a fixed rate ISA. Would a partial transfer out be allowed, or would that count as a withdrawal?
Cash ISA maturing in August - leave now or wait?
Hi, I have a Virgin Cash ISA paying 4.47% interest maturing on the 24th August and I can't decide whether to leave now and pay the 60 days interest charge (about £90) or wait until the 24th August? Are rates likely to be lower than now in August? Thanks Paul

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MSE News

Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payments this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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ISAs & tax-free savings

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