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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.

Multiple ISAs one provider?
Are there any providers that offer opening multiple ISAs (e.g. 2 Cash and/or 2 S&S) within the same tax year? Why? I want to save money for my kids and don't want them to gain control of it when they are 18 (as with a JISA). I don't mind it taking from my own allowance (as unfortunately I won't reach it) and having…
LISA for a “fixer upper”
Hi all. I’m a first time buyer and had my LISA for a number of years. I’m intending to purchase a house that is fairly run down/dilapidated that I want to fix up. I intend to use my LISA to use as a deposit on a mortgage. If the mortgage I could get is higher than the value of the house, am I able to use some of the…
Shawbrook fixed term ISA T's & C's query
It has been mentioned in a few threads that the Shawbrook fixed term ISA is unusual, as it has no 15/30 day fixed funding window. In the T's & C's of the three year fix ISA it says . Please note that the Bank reserves the right to withdraw this product at any time. If the product is withdrawn, you can continue to put more…
Drip-feed from Cash ISA to S&S ISA
In the new tax year I plan to add £10,000 to a fixed Cash ISA and £10,000 to my existing S&S ISA (HSBC GIC). Under the new rules, am I allowed to additionally open a flexible easy-access Cash ISA, fund it with the £10,000 intended for the S&S ISA, then use that to drip-feed the S&S ISA? Thanks in advance for any replies.
ISA transfer to ZOPA - FAILED
Hi everyone, I was looking for some help/advice on what I should do next? I tried to do an ISA transfer mid December when Zopa started taking transfers, It still hasn't been completed and I currently have no access to my funds. After complaining to Zopa, I found out their system had no tolerance to accept funds greater…
Moving S&S ISA Same Year
Hello, I have maxed out my ISA this year 50/50 between S&S ISA and Cash ISA. I am not so keen on the provider for my S&S ISA. Can I sell my S&S and move the money to another provider this year? Also, same question but for cash ISA if I find a better rate if that happens.
NEW ISA Rule 2024
Hi, can you save with multiple providers of 2024/25 Cahs ISA? For example. You save 5000 with one bank cash ISA and save another 15000 with another bank cahs ISA. Both added same or less than 20000 limit. I think HMRC allows save same type ISA with different providers from 2024? Thanks
Flexible cash isa +S&S Isa
I deposit £250/ month into a S&S isa. Can I open a flexible cash ISA with 20K and reduce my cash ISA holding by £250 each month so by month 12 I have 17K in the cash ISA and will have invested 3K into the S&S ? Similarly, If I decide to invest more one month into the S&S can I just offset but reducing my cash isa by the…
Interest on Flexible ISAs during the year?
How does interest earnt in a flexible ISA work if you withdraw it? I.e. you would end up with more than 20k due to interest earnt, but if you withdrew it can you put the interesrt back in?
First ever ISA just finished - new lower Interest rate today - what do I do please?
Hi There, Sorry completely new at this. 2023-2024 opened up my first ISA (Santander) fixed 1 year 4.15% ISA and managed to put in 10,830.57 before it closed last summer. Today (1st May) this ISA rate dropped to 1.2% and still only has the 10,830.57 in it Santander says tomorrow that I will be given the Interest (I presume…
General investment account ,ISA and SIPP
general investment account ,ISA and SIPP on abrdn platform can i move money from the General investment acct to the ISA without capital gains tax issues?
Cash ISA transfer from Santander to KRBS
Just a post to praise KRBS and Santander for their speed of transferring a cash ISA. Fixed term Santander cash ISA matured yesterday, 02/05/2024. Three weeks ago, I had requested a transfer to KRBS upon maturity. The transfer request has been confirmed back then by both, KRBS and Santander. Today, 03/05/2024, the ISA…
Lifetime ISA withdrawal
I have a lifetime ISA. I wanted to understand the implications of withdrawing from a lifetime ISA (for an invalid reason i.e. not for pension and for first time house buy - mortgage overpayment in my case as I did not understand how you "could lose more than you put in", so I called the provider. Here is the scenario I…
Opening more than one ISA in a tax year
Hi all, I've read the new ISA rules for April 24/25 and they're pretty clear. However, the only thing I can't pin down is am I allowed to open more than one ISA in the same tax year? I feel like there were some rules floating around that you could only open one ISA account in a year but I might be getting muddled. I'm only…
Partial transfers out of Moneybox into Invest Engine?
Does anyone know if I can partially transfer out £x amount every month from a Moneybox ISA into an Invest Engine S&S ISA. Looking to get into investing but don't want to lump sum it.
Multiple old ISAs - can you combine them into a new one
Hello! Can you open a new cash ISA to transfer multiple old cash ISAs into, and then pay in this year's £20K allowance on top? Thanks!
PLUM ISA, want Current Acct access too!
I have transferred my full £20K allowance into Plum's high-rate ISA from a matured Santander ISA. Plum insist that they need access to my Current Acct at Santander in order to accept the ISA. I've never heard of this before and wonder what the plan is. I am about to say "No", and withdraw my funds. Any idea what it's about?
Regular Withdrawals from Stocks ISA
Are there any stocks and shares ISA providers that allow you to withdraw a regular amount? My wife and I need to start living off those investments prior to breaking the seal on our pensions and I'd rather not have to log in each month and do it manually. Our current provider doesn't seem to offer it and an internet search…
Fixed ISA maturity options
I have a 1 year fixed ISA with Shawbrook that will mature soon. I would like to reinvest the funds in another 1 year fix with the same bank and also open an easy access cash ISA elsewhere (Chip). Would I be allowed to do this?
Partial ISA Transfer Query
I think this is OK to do, but would just like some confirmation that this is possible. Pay 20k into a new fixed 1 year ISA for this financial year. Then with an existing 80K ISA from previous years. Is it possible to do a partial transfer into 2 different ISA's. Transfer 40k into an instant access ISA and 40k into either…

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ISAs & tax-free savings

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