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Jan 2025 - Can I take more out of a flexible ISA account than in to fund another ISA
@eskbanker May I ask you this question please (thank you for having answered to some of my saving questions elsewhere). Anyone else who can give any insight, please do, thank you. Sorry the title of the thread is not great. I am opening a three years fixed Shawbrook bank ISA and was about to withdraw money out from a…
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My take on cash ISA's
This is my first attempt at a forum, I started an ISA with Trading 212 in November 2024 out of necessity rather than an informed choice. I have to say the process was a lot easier than I anticipated. Now here we are approaching a new financial year.My take on the "Cash ISA" is that I can start a new Cash ISA in April this…
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Impact of higher tax rate on savings
Hi all, My new job is going to push me into the higher rate tax band, though probably not this tax year. I remember Martin speaking about how the amount of savings interest you can earn before paying tax on it goes down at that point, but I can't recall and can't find how much savings you would have to have for that to…
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Trading 212 bonus via link
Hi, I have just opened (28th Jan 2025) a new cash ISA with Trading 212 via your link using the APP expecting to see an interest rate of 5.12% however I only have 4.9% showing in my APP with them. When looking on your website and clicking the same link to open account it shows that I would have gotten the 5.12%, I have…
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Transferring Cash ISA questions
I've not transferred an ISA for many many years so don't know the do's and don'ts. My Cash ISA is currently with a Credit Union and I will be getting the interest (annually) of 4% early April 2025 but I'm thinking of transferring it to Trading 212. I'm sure I read that Trading 212 only accept certain transfers and I'm…
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Moneybox 'misleading' cash isa
Furious at Moneybox.opened a cash ISA with moneybox after seeing their 5.10 % rate on movey saving website. after pretty much 14 days they eailed to say they were reducing the interest to 4.5% how ever all over the websites they are still advertising it as 5.1%. I contacted them and they said its variable so can reduce it…
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Thumbs up to Trading 212
I know there have been discussions before and people have had delays when withdrawing their cash ISA's. Yesterday afternoon I requested a withdrawal from one of my ISA's to my nominated bank account. It stated the money would take 3 business days to reach my account. Surprise surprise on checking my bank account this…
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PLUM Shady Practices
I am new here and stumbled upon PLUM via the MSE ISA report citing Plum as the highest interest rate provider currently. I took the plunge although the app is somewhat confusing and asking staff questions via the app proved a minefield on its own. I seemed to have figured it out in the end and then took the plunge and…
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Cash ISA interest £1000 question
Hello everyone. I really struggled with numbers and anything money related. My question is:- If I earn over £1,000 in interest in my cash ISA, what happens? If I don't get taxed on ISA interest, why is it mentioned? I might go over the £1,000 in interest but not by much. I've slowly saved money in an ISA for years. And it…
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withdrawing some £ from a flexible cash ISA to put it in a flexible stocks and shares ISA
I have a new Chip flexible cash ISA and a Vanguard S&S flexible ISA (from past years.) Going by the above advice, I thought I could put £20K into Chip now, then at some time during the next tax year I could move some of that £20K into my Vanguard S&S (move by myself, not a formal ISA transfer.) I'm aware that…
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Virgin to Zopa ISA Transfer Glitch
This is a glitch that I hit transferring a cash ISA from Virgin (82 sort code) to Zopa. Although I selected "whole balance" it also needed to be given a figure. When the transfer went through, they took the whole balance right enough, but in doing so left the Virgin account still open with zero balance and without taking…
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Cash ISA/Stocks and shares ISA
I have a cash ISA with a bank, can I open a stocks and shares ISA and also another cash ISA with another provider
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Quite a complex ISA scenario with foreign SAYE in play.
Hi. I've been trying to get an answer to a question even my accountant friends are not sure of. To keep it brief and to the point.. I have multiple SAYE schemes with an American Company that all matured in November 2024. I then transferred the SHARES (not the money) from the US appointed holding account to a UK AJ Bell…
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Tax status of interest withdrawn from Cash ISA account
I intend to use the interest earned from my cash ISA as income. Is the amount of interest withdrawn from a Cash ISA account classed as taxable interest (i.e falls within my tax free interest allowance) once withdrawn or can I count it out?
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Stupid LISA question
Apologies for the stupid question. if my daughter opens a LISA today, will she get the bonus before the end of the tax year, or should she just wait? thanks in advance
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ISA and year End
Hi I am a little confused about how cash ISA's. From what I understand each year a person can open up an ISA which then in the first year gives one £20k tax free savings, the second year then £40k and so on. So my question is, if I opened up a cash ISA mid last year, then do I just open up another one this year and how…
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ISA Transfer Question
I am in a fortunate situation whereby I am wanting to build up money in an ISA to avoid paying pax. Currently, I have £20,000 (plus interest) in one ISA which is due to mature on 5th Feb. I also have another ISA account from this year which will mature in the new financial year April 2025. This means that in this financial…
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Closing Junior Cash ISA
My two children have Junior Cash ISA's with Halifax, which were originally set up by their foster carer. When we adopted them we changed their names and address (which was a complete mission, I had to go into branch about 5 times and don't live anywhere near one) anyway a couple years down the line and we don't use it and…
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Virgin ISA transfer out
When transferring out from a Virgin ISA, is it best to select 'Clydesdale bank plc' for sort code beginning 82, even if 'Virgin Money' is also an option on the new ISA provider transfer request online form?
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Virgin Exclusive 1 Year Fixed Cash ISA Issue 14 - adding funds
I opened and funded this account 16/08/24, my spreadsheet says it closed to funding on 27/09. A week ago I misrouted £600 into this account rather than a VM Flexi ISA. Just noticed this and surprised that the money has been credited to the ISA rather than being bounced back. Am I mistaken about being able to fund this ISA…
