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Timing of bed and ISA sale
I'm looking to sell some of my funds in my general investment account and transfer it to my ISA to use up this years capital gains allowance. I'm with Iweb and as far as I know, this needs to be done manually be selling the fund in the general investment account and then transferring the proceeds into the ISA and…
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Spending your ISA interest
I understand that ISA interest is tax free. But what happens if I wanted to keep the £20,000 in the ISA but spend the interest? So, for arguments sake if it was 5% on year one anniversary I have £1000 interest which is added to the ISA account automatically. If I sent the £1000 to my current account as soon as it hits my…
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£14k to spend inside S&S ISA what would you do ?
I have £14k sat in two S&S ISAs. The cash is there from the sale of a couple of my higher risk rated funds. (5/6) I'm not averse to risk. I sold them on the way down, but I'm still in profit. In the current climate, what would you invest that money in (obviously keeping it inside the S&S ISAs) I don't have a particular…
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Is Tembo still good for instant access CISA?
Looking to use another place this new tax year for more cash savings. Already gave Trading212 but don't want to put all my eggs(money) in one basket. Tembo looks like another high interest CISA place to deposit so what do people think? Thank you.
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April 6th - Cash ISA or S&S ISA dilemma
With tumbling global share prices going on at the minute, is it a good time or a bad time to be considering investing in a S&S ISA tomorrow? I have £20k which I was going to put into an existing 5.22% cash ISA (Shawbrook), but would appreciate any comments whether it may be an opportunity to buy when share prices are low.…
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Dumb ISA question
Apologies if this seems or IS a dumb question but here goes. Last year I opened my first ISA with Plumb. By the end of the tax year I had invested £20,000. Now its a new tax year can I open another ISA with another provider and again invest £20K? If so, what do I do with the £20k sitting in the old ISA in Plumb? Does it…
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Can I have multiple cash isa subscriptions in new tax year?
Opened easy access cash ISA account with Plum. Paid in £500 today. Can I continue to pay into this ISA and then later open a fixed rate ISA with another provider and move across easy access plum account into it. Or can i only pay into 1 cash ISA account in a tax year for the full 20k
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Do ISA accounts now automatically open for the new tax year?
I have a Vanguard and a Trading 212 account. Logging in, my ISA limit is showing I have £20,000 for the current tax year. However, I can't really see a way to manage the ISA from last year. Let's say I want to withdraw money from my 2024/5 ISA and then top it back up again, it's not immediately obvious how to do that on…
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Cash isa or SSI isa, 40k to save
I have 40k to use, can't decide whether to use my isa allowance to bung 20k cash into a cash isa and then just drip feed 20 k over the year into a non isa trading account and deal with cgt if and when I take a profit (prepared to leave it 10 or more years), or open a stocks and shares isa and put 20k cash into a non isa…
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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…
