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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.

Understanding stocks & shares ISA
I opened my first ever S&S ISA just a month ago with Trading 212. My understanding is that I can pay a maximum of 20k into that ISA and once the money is in, then whatever profit I make within that ISA is tax free, no matter how much, even if it went up to 1 million? Next year I can open another ISA and pay another 20k…
Multiple Cash ISAs - unsure what to do.
I currently have 2 Cash ISAs open - Zopa, Trading 212 and Chip [all easy access CISA] Only the Zopa CISA is actively being funded and I've been paying regularly into it since December 2023. It now has £19000, I actually maxed it out before the 6th of April 2024 when the new rules kicked in, but I had to take out some money…
PLUM doesn't offer bank statements?
I need to provide proof of funds to a solicitor as I'm buying a house, but I can't get a bank statement from PLUM. It says: "For the time being the statements for your Cash ISA are not available. Our team is working on that to make them available as soon as possible." Meanwhile my solicitors wont accept a screenshot...…
Lost personal details
Not quite sure what to do about this in the way of protecting us from any possible fraud. To transfer my OH 's matured ISA from Virgin to new BS , I needed to send a cert copy of POA , application form for new BS POA registration , cert copy of mine and OH's passports, bank details for withdrawals + id's showing our…
Zopa to T212 ISA Transfer
Hi All I'm combining a couple of different ISAs (One cash and one S+S) by transferring them in to a new Trading 212 Cash ISA. I've received confirmation from Zopa today that my account has now been closed. I am unable to see my ISA in the ZOPA app and the statement shows 'ISA Transfer out'. Checking in the T212 app, no…
Very basic ISA transfer question
I’ve never transferred an ISA before but one product term ends in a few weeks so I understand I need to transfer to another provider (which offers more interest) rather than withdrawing, to avoid losing the ISA allowance. My question is, when transferring, assuming you have the max £20k can you choose the amount to…
Interest from ISA?
I put £20,000 in my first ISA, taken from my Santander savings account, and have just had the first months interest paid, taking the balance over £20,000. I thought I would have had to wait a year. Should I withdraw the interest or will I get interest on the interest?
£20000 allowance gone because of transfer?
One company transferred 25k from old ISA provider to it. I had not deposited anything extra this 2024 tax year yet into either company cash ISA, but new company is now saying I have used up tis years £20K allowance so cannot deposit any more money into it. Not sure if I can still deposit into old company cash ISA still for…
Trading212 customer service
I opened a Trading212 ISA account and on July 3rd , in error, requested Barclays bank bereavement team to send funds from my recently deceased fathers account to Trading212. The following day I received an email from the generic info@trading212.com account explaining that they didn't accept funds from 3rd party accounts…
NS&I Junior ISA - Terrible Customer Service
Opened a NS&I Junior ISA for my 2 boys last month and have had nothing but issues since. Their processes don't work, their customer service people are nice but don't seem to know much and don't allow customers to speak to the Junior ISA Team who are a 'backroom team' so there is lots of putting you on hold while they relay…
Cash ISA Transfer - Loss of interest during transfer
I've recently transferred a Cash ISA from Cynergy Bank to Trading212. As part of the Cash ISA regulations there should be no loss of interest to the customer when this occurs. The old provider should pay interest up to the point the new provider starts paying interest. The transfer completed on the old account on Friday…
How will Trading 212/Moneybox etc react when BOE cut base rate?
I know no-one really knows but do people think, when the BOE cut the base rate which could be as soon as 1st August, will these top paying variable rate ISA providers pass the full cut onto customers straightaway? In the case of Trading 212, if BOE cuts rates by 0.25% and they pass that on then their rate will drop to…
The Right Time to Invest in This Year's ISA
Having not yet invested this years ISA allowance and given the recent political changes, should I invest now or wait??
Providers that allow you to hold multiple ISAs within the same tax year
I have a fixed term bond maturity shortly and want to put the money into an ISA. I have already invested £7k with Aldermore. I’ve tried to open ISAs with Newcastle and WestBrom but they both ask the question “have you already invested in an ISA for this tax year” and if you answer yes it says you have to transfer the funds…
Keep HTB ISA or transfer to a normal ISA?
I have about £12,000 in a Help To Buy ISA. I think it's unlikely that I will use it before it expires at the end of 2029, but it might happen if by some miracle some affordable houses that aren't complete crap get built. I may also inherit share of a property and want to buy my siblings out, but again it depends if there…
ISA advise please
I have a fixed rate ISA maturing soon that I took out in the last tax year. I also have a fixed rate ISA that I took out in this tax year Am I right in thinking that when last year's ISA matures I can reinvest it another ISA As this is classed as ( old money ) or is this not allowed. ?? Thanks
Should I sell my ISA?
Given the extremely grim assessment by US business leaders about Trump's plans for the US economy (i.e. getting rid of federal income tax and imposing tariffs instead) should he win 2024, do you think it would be wise for me to sell the money I've invested in my ISA and pay it into my bank account? And then maybe re-invest…
A cash ISA from 23/24 tax year
I have a cash ISA from 23/24 tax year. Now I have the interest added, can I close and transfer the funds plus interest to a non ISA savings account giving a better rate. Then open a new ISA before April 2025 and use it as a tax free wrapper? Have I understood this correctly? Thank you.
Can I open a second isa?
Just a very quick one. I opened a fixed isa in December 2023 and its for a year as I wanted access to the funds and didn’t want to fix for too long. My other savings are with chase as it’s so easy to have it in one place. I’m getting a decent rate at 5.1% ‘boosted’. I am getting concerned that I may reach over £1000 in…
How do Gold ISAs compare with other ISAs?
Has anyone any information on ISAs that track Gold? And who might be offering them?

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ISAs & tax-free savings

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