-
212 cash ISA
Hello, I’m looking to put £130,000 into the 212 cash ISA for 1-3 months while I wait for my house purchase to go through. Any concerns with this company or me doing this? I’ve never heard of them before and I feel clueless! And what does it mean about the £20k threshold which I will be exceeding?
-
Upgrading ISA After Maturity
I have two cash ISAs with Santander. One was opened on 25/03/2023 in the 2022/23 tax year and the other on 12/04/2023 in the 2023/24 tax year. The first matured on 25/03/2024 (2023/24) and the second on 12/04/2024 (2024/25) when they both became ISA saver accounts on lower interest rates. On the 14/04/2024 (2024/25) I…
-
Virgin flexible isa
I have just opened a flexible isa with virgin paying 4.51% I also have a chase savings account which has dropped to 3.25% Am I right in thinking I should be moving my savings to the isa . I'm 99% certain I should be but there's always a nagging doubt .
-
Maturing ISAs
Looking for advice from those who have experience of ISAs maturing. In March 2024, I used my full allowance, and then the same from April 2024 in the next tax year. They both mature within a month of one another and the bank has offered me an option for the first one. I wonder what advice people have about this, as I'm…
-
TRANSFER PART OF PREVIOUS YEARS ALLOWANCE AND YOU MAY LOSE THE FLEXIBILITY ON PART NOT TRANSFERRED.
I hadn't realised this and initiated a part transfer of a previous years allowance to a new provider. Seeing my allowance from previous years disappear of the amount I hadn't transferred I googled it while waiting a reply from my bank and found this. Yes, if you transfer part of your previous year's ISA to a new provider,…
-
Lightening fast ISA transfer from HL to Trading 212
I thought I would share a recent ( positive ) experience. I have a Charter Bank fixed rate ISA maturing this month. Trading 212 have a reasonably competitive instant access cash isa product which I decided could be a stop gap home for the Charter bank product in due course. However, I had used up my £20k isa allowance…
-
Does Transferring a Cash ISA count as starting a new ISA?
I opened Cash ISA (1) in March 2024 (23/24 Tax Year) and Cash ISA (2) in May 2024 (24/25 Tax Year). Both ISAs were opened with the maximum amount allowed. The interest rate of Cash ISA (1) has dropped significantly so I'd like to transfer the full amount (inc interest) to a new Cash ISA with a higher interest rate. I…
-
S&S ISA, Property, Help to Buy
Hello all So my situation is this, I am 40 with a family 2 kids on is a baby and the other is 6 years old. My wife who looks after kids so isn't working. Single income of 90k including benefits. When i first came to the UK with my wife 10 years ago we didn't have much savings but have since been saving regularly whilst…
-
Lifetime Isas
My son is buying a house. Unfortunately his Lifetime Isa won't be a year old at that time. He knows he will pay 25% penalty. Is he allowed to keep the Lisa until after the 1 year anniversary so that he gets the bonus before he pays the 25% penalty? I believe this means a net fee of 6.25%. Otherwise he will be paying 25% of…
-
ISA maturing can I reinvest
New to this so please be gentle. I took out a 1 year cash ISA on 22 Feb 2024. This is maturing this February on 22nd Feb 2025. Was the tax free interest for the tax year 23 to 24 or is it for this tax year ie 24 to 25.? Just trying to clarify if I can reinvest in an ISA this tax year or do I have to wait till next tax year…
-
Will I get full year ISA interest if I pay in now?
I have come into some money and want to invest it until I decide what to do. If me and my husband pay £20,000 each into an ISA before the start of the next tax year in April will we get the full interest on the £20,000 even if we pay in late in the year? Also I assume as soon as the new tax year starts we can pay in a…
-
Probably stupid Savings account question
Take it from me that it's no fun knowing that you really are old now, that the simplest things have become difficult and confusing, and the memory loss is the icing on the cake - so please try to be gentle with this probably stupid question. I live abroad and presently have £100K in a Savings account with RBS, earning…
-
Tembo LISA rate reduction
With Tembo's LISA rate reducing from 4.80% to 4.55% on 18/02, is it still the better option? Would I be better off switching to Moneybox for a year and then finding a different LISA provider once the rate drops on that?
-
Help to buy ISA
My daughter has a help to buy isa paying 3% interest. She has already bought a house a few years ago so won’t use this for a house purchase. She has over £10,000 saved. Should she/can she, move it to a higher interest savings account or even a cash isa?
-
SAYE to ISA
I’ve a 5 year old SAYE maturing this autumn with a US listed company I am projected to make about 30k profit on the investment when I go to sell the shares. Therefore, I want to transfer about 15k into an isa in my name and 15k in an isa in my wife’s name i believe I can do this and not incur any cgt. Can a home confirm if…
-
help to buy Isa and Lisa advice and clarification
Both my adult children each have a Help to buy Isa and a Lisa. Both single and are not in a position to buy for a while. They are both contributing small amounts to their help to buy isa - we've never thought to change this. A couple of years ago they both opened a LISA, ( on Martin's advice) which is not being contributed…
-
Funding period query
Hello...I started funding my Virgin fixed ISA exclusive issue 12 in May 2024 and have been adding right up to now..I recently tried to transfer another ISA in online,but received a letter saying I couldn't do this as the funding period for this ISA ended 29th June. Virgin have accepted deposits since then and added to my…
-
Buying and selling stocks & shares ISA within the SAME tax year
Hi (I know it's not ideal but I have reasons...) I bought my £20k ISA allowance earlier in the year and within the same tax year sold it - can I buy another £20k of ISA within the same tax year? Thanks. I've tried the HMRC helpline and they didn't know.
-
Transferring stocks ISA from idealing to iWeb
I'm considering moving my S&S ISA from idealing to iWeb. Searching back on the forum there appear to have been several people experiencing long delays on transfers into iWeb from several different isa providers back in 2021. Has anybody done a more recent transfer and did it take a reasonable length of time? Their website…
-
Paying into Trading 212 Cash ISA
Opened the account for a friend yesterday and then tried to make a fast deposit by linking to Natwest Reward Current Account. Trading 212 says no compatible account found. Then tried to make deposit by bank transfer, but can't figure out what details to put into payment info with Natwest. I can see the Trading 212 sort…
