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Investing gross or net of interest?
Hi I'm planning to to open a 1 year fixed term cash ISA that pays interest annually at maturity, and transfer in from previous years' ISAs. I want to ensure I get the full £85k protection from FSCS. So: 1. Can I transfer in the full £85k initially and because the account only pays interest annually my balance would be £85k…
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Transferring ISAs to Virgin Money
I opened a fixed rate ISA with Virgin and want to transfer other ISAs to it, one from Santander and another Virgin one. Because the other Virgin one has a different sort code to my new one apparently I have to fill in a paper form and post it the same with the Santander. I find it incredible these days I can't do these…
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Interest on cash ISA counting towards £20k deposit limit
Hi, I have an older ISA that's about to mature, I have not made any deposits into it (or into any other ISA) in this tax year. Today I checked the balance (as the interest was added recently) and for some reason, the total allowance that should be £20k for this tax year is reduced by the amount of interest that was added.…
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Is it worth withdrawing existing investment accounts and reinvesting into ISAs?
In the last few years I set up a few different investment accounts on different platforms and invested a relatively small amount into each... * A Nutmeg Stocks & Share account. * LoanPad P2P Lending account. * Kufflink P2P Lending account. * Crowdproperty P2P Lending account. But even though all these platforms offer ISA…
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Lifetime ISA
I am divorced and no longer have the family home as an asset, my ex-husband brought me out. I had a considerable amount of debt so no longer have that money. Can I class as a first time buyer again with regards to the government Lifetime ISA?
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Multiple ISAs one provider?
Are there any providers that offer opening multiple ISAs (e.g. 2 Cash and/or 2 S&S) within the same tax year? Why? I want to save money for my kids and don't want them to gain control of it when they are 18 (as with a JISA). I don't mind it taking from my own allowance (as unfortunately I won't reach it) and having…
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LISA for a “fixer upper”
Hi all. I’m a first time buyer and had my LISA for a number of years. I’m intending to purchase a house that is fairly run down/dilapidated that I want to fix up. I intend to use my LISA to use as a deposit on a mortgage. If the mortgage I could get is higher than the value of the house, am I able to use some of the…
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Shawbrook fixed term ISA T's & C's query
It has been mentioned in a few threads that the Shawbrook fixed term ISA is unusual, as it has no 15/30 day fixed funding window. In the T's & C's of the three year fix ISA it says . Please note that the Bank reserves the right to withdraw this product at any time. If the product is withdrawn, you can continue to put more…
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Drip-feed from Cash ISA to S&S ISA
In the new tax year I plan to add £10,000 to a fixed Cash ISA and £10,000 to my existing S&S ISA (HSBC GIC). Under the new rules, am I allowed to additionally open a flexible easy-access Cash ISA, fund it with the £10,000 intended for the S&S ISA, then use that to drip-feed the S&S ISA? Thanks in advance for any replies.
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Moving S&S ISA Same Year
Hello, I have maxed out my ISA this year 50/50 between S&S ISA and Cash ISA. I am not so keen on the provider for my S&S ISA. Can I sell my S&S and move the money to another provider this year? Also, same question but for cash ISA if I find a better rate if that happens.
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NEW ISA Rule 2024
Hi, can you save with multiple providers of 2024/25 Cahs ISA? For example. You save 5000 with one bank cash ISA and save another 15000 with another bank cahs ISA. Both added same or less than 20000 limit. I think HMRC allows save same type ISA with different providers from 2024? Thanks
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Flexible cash isa +S&S Isa
I deposit £250/ month into a S&S isa. Can I open a flexible cash ISA with 20K and reduce my cash ISA holding by £250 each month so by month 12 I have 17K in the cash ISA and will have invested 3K into the S&S ? Similarly, If I decide to invest more one month into the S&S can I just offset but reducing my cash isa by the…
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Interest on Flexible ISAs during the year?
How does interest earnt in a flexible ISA work if you withdraw it? I.e. you would end up with more than 20k due to interest earnt, but if you withdrew it can you put the interesrt back in?
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First ever ISA just finished - new lower Interest rate today - what do I do please?
Hi There, Sorry completely new at this. 2023-2024 opened up my first ISA (Santander) fixed 1 year 4.15% ISA and managed to put in 10,830.57 before it closed last summer. Today (1st May) this ISA rate dropped to 1.2% and still only has the 10,830.57 in it Santander says tomorrow that I will be given the Interest (I presume…
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General investment account ,ISA and SIPP
general investment account ,ISA and SIPP on abrdn platform can i move money from the General investment acct to the ISA without capital gains tax issues?
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Cash ISA transfer from Santander to KRBS
Just a post to praise KRBS and Santander for their speed of transferring a cash ISA. Fixed term Santander cash ISA matured yesterday, 02/05/2024. Three weeks ago, I had requested a transfer to KRBS upon maturity. The transfer request has been confirmed back then by both, KRBS and Santander. Today, 03/05/2024, the ISA…
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Lifetime ISA withdrawal
I have a lifetime ISA. I wanted to understand the implications of withdrawing from a lifetime ISA (for an invalid reason i.e. not for pension and for first time house buy - mortgage overpayment in my case as I did not understand how you "could lose more than you put in", so I called the provider. Here is the scenario I…
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Opening more than one ISA in a tax year
Hi all, I've read the new ISA rules for April 24/25 and they're pretty clear. However, the only thing I can't pin down is am I allowed to open more than one ISA in the same tax year? I feel like there were some rules floating around that you could only open one ISA account in a year but I might be getting muddled. I'm only…
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Partial transfers out of Moneybox into Invest Engine?
Does anyone know if I can partially transfer out £x amount every month from a Moneybox ISA into an Invest Engine S&S ISA. Looking to get into investing but don't want to lump sum it.
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Multiple old ISAs - can you combine them into a new one
Hello! Can you open a new cash ISA to transfer multiple old cash ISAs into, and then pay in this year's £20K allowance on top? Thanks!
