-
Overpayment
I stupidly started a new S&S Isa on 1 April rather than after 6 April. The provider is treating the payment as 2023/24 which takes me over the £20k limit. They can't won't shift it to 2024/25.HMRC has said not to try and 'fix it' myself. What to do? Do I only pay the balance into the ISA this year or continue paying into…
-
Fractional ETF shares in a S&S ISA?
Hi. Apologies if this has been covered before, but are fractional shares in ETFs allowed - by HMRC - in a S&S ISA? I know the government plans to allow fractional shares to be held at some point, but is the current issue that HMRC has with them limited to company shares only? Thank you.
-
ISA to credit card
I used my isa savings to pay some of my credit card off, but the amount paid off is a few pounds less than the amount i paid in. No mention of any transaction charges or anything. Is this an error or is the tax being taken out when I transfer, because I though isas were tax free?
-
S&S ISA and Witholding Tax question / Assumptions (E.g. W8-BEN)
Hello, I'm looking at buying some NYSE listed shares to hold in my Lloyds S&S ISA. I know I'll have to complete form W8-BEN (and I'm familiar with that form because i have some shares in a US company already via my workplace) I'm assuming that from a UK ISA perspective, I don't have to worry about taxation because: a) the…
-
Managed or not
I took financial advice a few years a go and took out a Prufund ISA, charges a bit but does ok I think. However I read a lot about getting tracking low fee isas instead, global equities. I am so confused . I am sure this is not what an fa will say. Thoughts?
-
Chip ISA problem
Tempted by the Chip cash Isa offer, I downloaded the app, but have found it impossible to prove my identity. It suggests my driving licence (though spells licence incorrectly) but when I try to use this option, my android phone says the app has a bug in it and Chip need to sort it. I've tried messaging them to try to get…
-
£20k per year?
Hi, I keep reading you can save £20k in an ISA per year. Does that mean for 24/25 I can put in another £20k into a cash ISA, in addition to the £20k I already have in there which was paid in during 23/24? Or is £20k the most you are allowed to keep in the ISA account? If so why do they use the ‘per year’ wording?
-
CHILD TRUST FUND
My sons CTF is due to be paid out in July 2024, He asked me to look at the balance, Barclays prosper. Value put in £250.00 Balance today £255.62 After 18 years this Balance must be wrong. What or who do I contact to check this out.?
-
What is the interest on matured ISA’s
Hello, I have a question around matured ISA’s. I understand that you can put £20,000 in an ISA each year and that you can transfer matured ISA’s into one place. Is it just the first £20,000 that earns the interest and / or does the matured ISA’s earn interest as well? e.g. 2023 / 2024 £20,000 (matured) 2024 / 2025 £20,000…
-
Lisa transfer question
Hi, my moneybox 12 month bonus rate will end in augest. Can I carry on paying into it up until then and then transfer it to a new provider to get a better rate in Sam tax year. Worried about the rule that you can only pay into 1 Lisa each tax year. Thanks
-
Lifetime ISA withdrawal when non-resident over 60
As I understand, if I hold a LISA and cease to be a UK resident, I cannot continue to add to it, but can leave it where it is. If I leave it where it is until I am 60 and then withdraw, are there any penalties on the UK side? For example, if one were a tax resident in a country with no CGT at the time of withdrawing (and…
-
Website with calculator for different etf weighted region
Is there any website that calculate different etf region weight. For example 25% vusa 70% vwrp 5% vuke So how much % in us, European, UK etc etc
-
Move ISA to a Better Rate
Hi, I finally started using an ISA this year and maxed it out. Now there is a better rate in another provider (Plum). Can I move my money to the new provider and will it be ok tax wise, or do I have to keep the old one? Thanks, Andy
-
ISA Transfers by Cheque
I am in the process of doing a Cash ISA transfer from Principality Building Society to Virgin Money. I was advised that Principality had closed my old ISA account 3 days ago. When I checked with Virgin to see where the funds were, they advised that they are waiting for a cheque to arrive!! Wow - I googled this to see what…
-
Nottingham BS RS Cash ISA 5%
Not seen this elsewhere so could be an option. Upto £1500 a month, no transfers in. https://www.thenottingham.com/savings/products/starter-isa-issue-12
-
Monthly ISA saver
Hello, Is there such a thing as an isa account that acts like a regular/monthly saver? Thanks
-
Transferring in
Why is it some banks etc won't allow transfers in?
-
Interest on ISA
Apologies if this comes across as a silly question but I've recently received an inheritance and would like to put £9000 into a junior ISA for each of my children. I understand this is the maximum I can put into a junior ISA. My question is regarding the interest: if this is paid into the junior ISA would this be…
-
Should I renew NS&I Index Linked for another 5 years? Seems such a long time.
I have a 5 year NS&I Index Linked a/c maturing shortly but I have worked out I will only be getting about £770 interest on my original investment sum. I've tried to work out the interest rate which to me looks like its 0.6%. That can't be right surely. Thanks for all your help. I had another look and found my original…
-
What to do with previous isa balance
Hi, I'm a little lost with what to do with last year's isa balance. I have £20k invested at Close Brothers which matures shortly and I have opened a new ISA at plum £20k. My question is what do I do with the previous isa balance? How does this stay in the tax free wrapper? Any help appreciated. Thank you.
