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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…
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Misleading information from TSB about options at end of Fixed rate 2 year ISA
Last month my TSB 2 year fixed rate ISA ended its term. TSB sent me two letters and a link to their website which all listed my options for re-investing. The lists did not include the option to ask another provider to complete an ISA transfer. I consider this to be misleading, so I complained to TSB, which rejected my…
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Vanguard S & S ISA transfer out
Hi everyone I have a Vanguard S & S ISA with just under £40 K in it, built up over a few (previous) years. Its in Life strategy 80% I'm likely to need to draw on it in the next year or so and with the changing Vanguard fees I'm starting to wonder if my money would be safer (no drops in growth) and more easily accessible in…
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Exceeding 20k ISA limit
Hi all, I've accidentally exceeded the 20k limit by having a DD into a LISA account whilst also having a cash ISA elsewhere. Can anyone explain what HMRC are going to do? Do I need to let my ISA provider(s) know? It was totally accidental. When depositing money earlier in the tax year I forgot to think ahead to what the DD…
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Maximising Isa income
I am now retired and have been receiving income from my Isa account for a few years. I had a light bulb moment around 5 months ago, where I realised that instead of getting income from just one income fund quarterly, I could switch to other income funds very quickly and get more income! I am now using 4 different quarterly…
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Cash ISAs Dec 2024
I currently have a Trading 212 cash ISA (AER 4.90%). I have maxed out my personal savings allowance (PSA) this tax year with this ISA. I am now wondering if it makes more sense for me to transfer £20,000 to the Plum cash ISA (AER 5.18%) as the max 3 withdraws a year will likely not be a problem for me. If later on down the…
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How can I calculate if my monthly ISA interest is correct?
Hi I have an ISA £79,767.34 with a rate that is now currently at 4.5%. Last months interest was £266.65. How can I calculate if that's correct? It doesn't seem correct as I have a Chase Saver with 25k in it and that earned £92.98. Considering that's only a third in the Chase Saver than the ISA, I don't get why the ISA is…
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T212 cash ISA interest to be paid monthly from January 2025
Got an email earlier from T212 outlining the interest on the cash ISA will switch from daily to monthly payment. Can't add a screenshot from my phone via the app (find file button doesn't work) but this is what the email said: "Upcoming changes Hi [privacy], At Trading 212, we're committed to offering you the best interest…
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Partial withdrawal from 23-24 ISA.
Am I correct in thinking that if I withdraw money from my Skipton 2023-24 Flexible ISA I can replace it again? (I have a 2024-25 Flexible ISA too with Chip but don’t want to use that one.) If so, how long do I have to replace the money in the Skipton ISA Account? Thanks for the clarification. Appreciated.
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Getting Investments into ISA wrapper
Me. Ongoing £250/month into longstanding Vanguard S&S ISA plus £13K cash ISA so far this year. Additional £50/month into Nutmeg funds, value c£2,5K OH. £17K cash isa this year, no S&S isa contributions, but £100/month into Nutmeg funds current value c£11K 1 How do we get the OHs £11K into an ISA wrapper, can we get £3K in…
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Isa transfer
Hi have transferred Isa to trading 212 which took 3 weeks - trading 212 had my transfer on the 26th November they have said Jo Morgan carrying out compliance checks which can take 30 days from the 26th is that right because the reason I transferred was to get interest and nobody knows from Trading 212 when will be…
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Regular Saving ISAs?
I'm curious as to why Regular Saving ISAs don't seem to be very much of a thing (there are hardly any providers which offer them, and those few which do exist seem to pay rather lower interest rates than unshielded accounts, so even if you are subject to tax on interest on unshielded accounts, the Regular Saving ISAs which…
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Slow ISA transfer Trading 212
I initiated the transfer at the beginning of August and it’s still not transferred into my Trading 212 account. I have been into the building Society and they confirmed account was closed and money transferred to trading 212 the end of August. The only way to contact trading 212 is to send them a secure message which I’ve…
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Best platform for S&S ISA
Considering transfering around 50K of my Cash ISA savings into a S&S ISA & around 1/4 to 1/2 of my allowance each year going forward. Goals are to invest primarily (80%) in funds that track the market & max. 20% individual stocks (emerging markets telecommunications, power and tech ) over a min 8 max 12 year period and…
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Two cash ISA's in same year.
I used
around 17k of my 24/25 ISA allowance early in the year with Virgin (cash ISA) I
have an old ISA with Ford Money and was thinking of putting the 3k allowance I
have left into it. Ford Money
state they don’t allow you to pay in to your ISA if you have already opened an
ISA, Will they know I have opened one? I’m aware…
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UBL UK Bank fixed rate ISA
Hello I’m interested in hearing from anyone else who has set up a cash ISA with UBL UK Bank. Following MSE recommendations, I have opened a 1 year fixed with them, but HSBC are being very challenging with me in terms of allowing a transfer into the ISA, and have placed significant doubts in my mind. I have done what I can…
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Moving easy access isa after two months
Hi Quick question, I have a isa with Leeds that's easy access with interest paid after 12 months, I have decided to go fixed with rates slowly falling but wondering if I transfer out what happends to any interest if I'm not paid it after 12 months? Do I get a potion of that on transfer out or none at all as I've not left…
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ISA Deposit & Allowance
I have a £20,000 2 year fixed term ISA maturing in a couple of weeks. If I transfer this amount to a new ISA does this count as my ISA allowance for 2024-2025 tax year or can I add another £20,000 to this amount. I have not previously used my ISA allowance for this tax year.
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What happens LISA between 50 & 60 ?
My daughter has a managed Stocks & Shares ISA. If she starts a cash LISA can she transfer it at 50 into a S&S LISA to the same fund manager who don't handle cash LISA's? Thank you.
