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ISA fundamental questions
Hello Despite considering myself a fairly intelligent person I still struggle with ISA rules! Any guidance would be great. My wife and I are higher rate tax payers and keen to keep earnings under 100k due to childcare allowances. My wife sold a property a couple of years ago and put the cash into ISAs. We have some money…
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Cash isa reinvestment
I arranged online with nationwide to reinvest my fixed rate isa which has matured today to go into another fixed rate isa with them, I have woken this morning and the funds are in a maturity account. I expected it to automatically transfer straight into the fixed rate account. Does it take time or have I done it wrong?
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Manual Cash ISA Transfer - when does 15 days deadline start
HiFor Manual Fixed Rate Cash ISA Transfer:1)The 15 working days timeframe - does it start from the date of maturity of the maturing Cash ISA, or the date on which I apply for the transfer.2)If it takes longer than 15 days do I have a legal right to claim compensation to the extent I lost interest, or is this only a…
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When to ask for transfer date?
Hello, I've just received a letter from my current 1 year fixed isa which matures on 11 October. I want to transfer to a 2 year fix with another provider. Should l ask for the transfer to begin on the maturity date or start the process before? Thanks.
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4 ISA's maturing late October --- reinvest for 1 year or do 2 years in case Budget brings bad news
Hi , Between my wife & myself we both have over £100k in cash ISA's maturing late October across 4 ISA's. Then another 4 of a lower total, maturing in April & May next year. Nervous ,with regard to the rumour mill, on what restrictions R.R. may or may not bring in for her first budget.Wondering if best re investing the…
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LISA issues
Hi there, I'm hoping for some advice or to hear others experiences. I recently opened a LISA with Skipton at the eleventh hour (day before my 40th). I was initially intending to use Moneybox but they informed me they would be unable to do so by my birthday deadline. All was fine with applying via Skipton I made a £1…
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Junior ISA
Hi, Does anyone know if its possible to get a Junior ISA closed . I know thers a few ways to get it official closed but to cut a long story short I set my daughter up a Junior ISA a couple of years back but since then she has falsely accused me of many things that would get me jailed and put on various registers. The…
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Cash ISA married / maiden name transfer issue.
Last year I took out a 1yr cash ISA with Nat West which has now matured and is languishing in their low paying instant access ISA. I tried to transfer it to another provider but it was rejected as the names didn't match. The issue is that although I am married I kept a Nat West current account open for my self -employed…
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Transferring an ISA that's had subscriptions this tax year
Hey all. I want to transfer my cash ISA to a new provider.As I was filling out the application form, it asked me to make a declaration that I "Have not and will not make contributions to another cash ISA this tax year".Since I have already added money to it this tax year, does that mean I can't transfer it until the next…
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Transfer in ISA to CHIP
Went through the rigmarole of setting up an account to transfer in an ISA. Only to find that they don't accept partial transfers, and I have over £85,000 limit. I didn't see that anywhere on the front page of MSE when it details accounts. Perhaps I missed it.
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How does interest calculation works for a Cash ISA containing contributions from multiple years?
Hoping to tap into the collective wisdom of the forumites here. I have a question regarding an easy access cash ISA that covers contribution from multiple tax years. I have an existing easy access cash ISA which I have opened during tax year 2024/25 and so far I have saved £10,000 in it. The interest in this account is…
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ISA transfers and loss of several days interest
Hi all, Are there any rules around cash ISA transfers and length of time from it leaving the old account and arriving in the new account? Wife and I transferred 2 cash ISAs from Shawbrook to CHIP (they were both requested at the same time- on Sunday 7th September) My wife's one left Shawbrook account on 12th September (so…
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Transferring Flexible ISA
Hi Sorry for another post on this subject but I want to triple check I'm right before I do something that could potentially be costly! I have a cash ISA with Zopa which only contains current year subscriptions. I've paid in £15k during the year, and withdrawn £5k, so my net contribution is £10k and, according to Zopa I…
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Withdrawal of funds from Flexible ISA and subsequent repayment.
A Flexible Cash ISA has £50,000 in total, invested in it, including the current years £20,000 allowance. If £40,000 was withdrawn from this Flexible Cash ISA, in one withdrawal, could the full amount withdrawn, (£40,000).be repaid into the Cash ISA in one deposit later, within the current financial year ?
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ISA when working for the UN
Hello, I started in 2023 a new job working for the UN in another country, my salary there is exempt from taxation. I am still though working part-time for a UK employer and have a house in the UK and as such am considered UK tax resident. I can't seem to find clear information regarding whether I could open an ISA account…
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Cash ISA taxed or not using PSA?
Hi, Newbie question. I'm getting a bit confused over whether I will get taxed on interest above a certain threshold on a Cash ISA. Scenario - I have opened a cash ISA at 5.1% and will soon deposit £20k. So by my calculations I will make more than £500 interest over the the year. As a 40% tax rate payer, does that mean i…
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Transfer of flexible ISA and built up allowance
Hello,i have a flexible ISA with 3 yrs built up allowance.I have paid in the 20k allowance this tax year.However i withdrew a portion of the total to start up an invest account with Trading 212.Ive now realised that i should have started investing using the Invest ISA to remove the capital gains tax charges.I have…
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Trading 212 Cash ISA's GROSS interest rate?
Hello, I'll keep this post short... Am I correct in my calculations that the GROSS rate is 4.88% right now? (AER is 5.00%). Many thanks if you have the answer : - )
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Complaining about cash ISA transfer
I sent this to my new provider: --- I want to raise a complaint, it has now been 18 working days since I initiated the request with you to transfer in my cash ISA from [existing provider]. According to gov.uk this should take no more than 15 working days. I am now losing out on interest and the process has been highly…
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Chip cash ISA
Just started to apply for a Chip cash ISA, I’ve given them all my debit card details and now they are asking to allow 90 access to my account, why do they want access to my account? I’m nervous about giving this. Should I be?
