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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.

Tax Thresholds - Flexible?
Hi everyone, hope someone can help me on a Tax Allowance and Threshold query. I ask this as a lot of information I seek on this matter states that I get taxed at 20% on the first £37700 over my PTA. However, If my personal allowance increases does it mean that my higher tax bracket increases??? Or is it the case that I get…
Have I left it too late?
When Virgin pulled their 5.25% on the day I opened my current account I started looking elsewhere and stalled until today! I was about to dump £20K in a Paragon 1 year fixed @ 4.9% but have seen in their ts & cs it can take 15 business days for funds to go in. So my question is, can I open and fund an ISA same day with…
Oak North Bank ISA account set up problems
Hi all. I wanted to set up an ISA with Oak North and transfer ISA. I downloaded app and got to a stage where it said that I had to go to website to set up ISA. I went to the website, but there is no way to register for one. There is simply a 'register for online banking' where you need an account number of which would be…
JISA transfer to Kid's savings account
Hi I'm unsure what best to do; our son is 12 and has a jisa with halifax paying 3.2% currently with 4k in it. I've read there perhaps isnt much advantage in an isa over a kids savings account which may pay more interest. I understand the money is locked away until he is 18 but not sure thats offering much of a benefit if a…
HSBC FTSE all world index
Does anyone know the dividence payment for this fund? I believe by looking it 1.62%?
S&S Isas and the £85k FSCS Limit
I currently have a S & S Isa and the value of them exceeds £85k there is no cash in the account I just have Shares. Should I be managing this to ensure it doesn't exceed £85k and have numerous accounts? It's currently with AJ Bell. Many Thanks
MONEYBOX Question
Hi. I put my 2023/4 allowance in to a MONEYBOX easy access ISA in October. I now wish to close this account but although the balance now shows as £20,500 it says I can only withdraw the initial £20,000. Does that mean I can't get the intertest until October and will have to leave the account open?
Santander ISA -> Nutmeg - 120 Days' Interest Charge
Hi, I have a Santander Cash ISA for which interest has now been paid at around 5% for the past year. The rate is now 1.2% so I'd like to transfer them to another provider. It's difficult to find the information on Santander's website but it looks like they want to take 120 days' interest as a charge for doing so. Does this…
Move ISA start of tax year
Hello I opened the Moneybox ISA on 02/04/24 and deposited my funds from an easy access saver i had. I hadn't noticed that Moneybox was Annual interest. So i decided to open the Plum ISA which is monthly. What is the best was of transferring the money across, I've seen posted about not simply withdrawing the cash and…
Failed Santander ISA transfer
I had an email from my new provider to say the cash ISA transfer had failed due to "lack of funds." I phoned Santander but they parroted the same line. How can a complete transfer fail due to lack of funds? This matter is now with their back office team. I'm disappointed Santander didn't use some initiative and contact me…
2 x ISA's
My daughter was asking about ISAs recently and I thought I advised her correctly. She opened one with Virgin and made a deposit for 2023/24 tax year but it was fixed and the Virgin terms only allowed her to add more funds within 30 days which she didnt. Due to this she did open another with the Post Office and made a…
17 year old and his isa
Our 17 year old has a (adult) cash isa. The rule change this tax year means he won't be able to open a new one, but can he still fund the one that's open? We've been looking for ages bit can't find a definitive answer. A link would be good if possible Thanks in advance
Stocks & Share ISA your shares are subject of Take Over and thus Forcibly Sold
With Stock & Share ISA I take it that dividends are paid into that ISA, However If the shares you hold in your ISA say £20k worth are subject to a forced sell (such as a company or more likely Utility has been taken over). Would the money received for the shares be paid into the ISA and would be treated as tax free? As it…
Is it possible to transfer a non Flexible ISA to a Flexible ISA?
Hi, is it possible to transfer a non flexible ISA into a flexible ISA? I want to put money into a fixed rate ISA for the next 12 months but then transfer it to a flexible ISA (possibly stocks and shares) once the fixed rate comes to an end. Thanks.
Upgrading Santander Fixed Rate Cash ISA
Received a letter that I could upgrade my cash ISA 28 days before maturity on the 1st Apr. If I do this will the interest of the previous year still be paid on maturity since I will have upgraded to a new product by then. Ironically, the new Fixed Rate Cash ISA has the same interest 4.15% as the previous years Fixed Rate…
Investment and Cost - Time to switch?
I currently have a LISA with AJBell that has £23k invested in VLS 80 and am currently paying around £4.70 per month in charges. I am going to add another £4k + £1k (off the govenment) next week, taking it to around £28k, which would take my monthly fees to around £5.80. I am considering switching to an ETF, such as the…
CASH ISAs
Hi I have invested the max £20,000 cash isa allowance for 2023/24. I have other ISAs from previous years that are maturing end of this month. I am right in thinking that I cannot reinvest this as a cash isa until the new year commences from 6th April so therefore I lose the ISA entitlement for this money? Thanks
Potential 'lost' funds
We have recently found two old Halifax passbooks, which showed balances, relating to ISA's, not written up since 2013. The Halifax advise that they were both closed in 2013 by transfer to what we glean to be, by sort code and bank account number, the Cheshire Building Society. Any advice on where I go from here to try to…
Is the Post Office my best ISA option?
This discussion was created from comments split from: Cash ISAs: The Best Currently Available List.
Partial ISA transfers and flexibility
Hope someone can help with this. I have a flexible Cash ISA with YBS containing only old money, no current year deposits. A few months ago I opened a new Cash ISA with another provider (starting with zero balance) and requested a partial transfer out from YBS of £500 which apparently completed successfully. As I understand…

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MSE News

Sainsbury’s Bank customer? NatWest takes over this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Chase customer? Check if you can get its newly boosted 4.8% easy-access saver
If you've got a Chase account, check if you can boost your easy-access savings to 4.8% – made up of a 1.8% AER fixed six-month bonus plus its standard 3% variable rate. Chase says over 2 million customers can get the boost, which would top our normal savings tables if it were open to all, though it's beaten by the top easy-access cash ISAs.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Martin Lewis: Is the £20,000 cash ISA limit about to be killed off? What savers should be doing now
Plans to cut the £20,000 cash ISA limit later this year are being considered by the Government. In his latest video, MoneySavingExpert.com founder Martin Lewis explains what's likely to happen, what the changes would mean for savers and what you should be doing now.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from 1 May. For most, this means little change for now as the Sainsbury’s brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, you'll need to move any excess elsewhere to ensure your cash remains protected.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
From Thursday 1 May, Sainsbury's Bank credit cards, loans and savings accounts will be run by NatWest as part of a deal between the two banks. You'll be moved to NatWest in the future, likely towards the end of this year, but for now the Sainsbury's Bank brand will remain and you can continue to use its products and services as before.
Martin Lewis: Is the £20,000 cash ISA limit about to be killed off? What you need to know
Plans to cut the £20,000 cash ISA limit later this year are being considered by the Government. In his latest video, MoneySavingExpert.com founder Martin Lewis explains what's likely to happen, what the changes would mean for savers and what you should be doing now.
Warning: 'WASPI' women affected by State Pension age rise should watch out for 'steep rise' in scams
If you're a woman born in the 1950s affected by changes to your State Pension age, be on high alert for scams offering compensation for this. Campaign group Women Against State Pension Inequality (WASPI) and charity Independent Age have warned so-called 'WASPI' women to be extremely careful, as there's been a reported "steep rise" in the number of scams targeting this group.
Martin Lewis: 'WASPI' women affected by State Pension age rise should beware 'steep rise' in scams
If you're a woman born in the 1950s, be on high alert for scams offering compensation for those affected by changes to their State Pension age. MoneySavingExpert.com (MSE) founder Martin Lewis has warned so-called 'WASPI' women to be extremely careful, as there's been a reported "steep rise" in the number of scams targeting this group – with some even using Martin's name.

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ISAs & tax-free savings

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