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A cash ISA from 23/24 tax year
I have a cash ISA from 23/24 tax year. Now I have the interest added, can I close and transfer the funds plus interest to a non ISA savings account giving a better rate. Then open a new ISA before April 2025 and use it as a tax free wrapper? Have I understood this correctly? Thank you.
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Can I open a second isa?
Just a very quick one. I opened a fixed isa in December 2023 and its for a year as I wanted access to the funds and didn’t want to fix for too long. My other savings are with chase as it’s so easy to have it in one place. I’m getting a decent rate at 5.1% ‘boosted’. I am getting concerned that I may reach over £1000 in…
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Zopa Bonus Interest
Just checked my Zopa cash ISA. The usual monthly interest was paid yesterday, but there is also a few pence added as "Bonus Interest".What's that about? Never had it before.
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When to stop paying into kid’s ISA
We are extremely lucky and have been able to save the full kids ISA amount for our son each year so far. He will be ten next year. I know it’s the most tax efficient way of saving but am also increasingly concerned about just how much money he will have available to him at the age of 18. He’s a lovely 9 year old, I can…
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Tembo 2.0/Customer Champions?
Anyone else get a email about the new Tembo 2.0 app launch/tester request? Looks like they’re relaunching the app with some new features, including adding multiple accounts. From the email: Since acquiring Nude earlier this year, we've re-launched our market-leading Lifetime ISA, and in the background we've been hard at…
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ISA rules
Confused about what ISA rules allow. For instance, If I have a current tax year ISA funded to the max 20K with new money from savings and I have old ISA's from previous tax years with now poor interest rates. Can I open another ISA in the current tax year and transfer money from the old ISA's into it and thus enjoy…
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Should I bother with my Help to Buy ISA or would other investments make sense?
My situation: 28 years old, still living at home, no savings, money is tight, but work (a relatively even split between employed and freelance work in different areas) is slowly building up. My aim for the next six months is to have enough work that brings in around 30k before tax - a combination of work as an employee at…
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Putting savings from a joint account into a Cash ISA in my name.
I have a joint current account with my mother which holds around 15k. At the suggestion of my mother, I was added to the account to avoid money being held by the bank, in the event of her death. To give a bit of a back story, when my father passed a few years back, his bank account was frozen for months after his death,…
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Core fund for ISA - Vanguard LS 100?
Hi everyone, I had to find a new place for my S&S ISA as my robo advisor exited the UK. I went to a DIY platform and bought Vanguard Lifestrategy 100 fund and have been adding to that fund since. I now am wondering if there is a better alternative core fund to keep for my S&S ISA like the FTSE or MSCI all world index…
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Fixed Rate ISA - Interest Paid At Maturity - What Happens If I Take The Money Out Early?
Sorry if there's a thread around here somewhere about this but can't seem to find it, or find an answer in the T&Cs. I'm just curious - I have an ISA that's fixed at a certain APR for 12 months & pays accrued interest at maturity not monthly. The T&Cs say I can take the money out at anytime (there' s a penalty but it's…
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Nationwide not setting up ISA's correctly when rolled over online - No Monthly Interest Paid !!
Hi, I have had a number of cash ISAs with Nationwide
which I have rolled over with them for a number of years and have always opted
for "Yearly" interest to be credited at the end of the annual term as
opposed to "Monthly" interest (at a slightly lower rate) credited to
my currently account monthly. For 2024 as the cash…
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Do I need a Financial advisor
I have a s/s isa with prudential, it has been sitting there for many years now, and I have not added to it, not taken any thing out, and that is the way it will remain, my financial advisor has told me, if I want to draw money out, all I need do is to get in touch with Prudential, and they will release the funds. So my…
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Help to buy isa
Can you use a help to buy ISA for a property that will be purchased without a mortgage?
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Moneybox
Does anyone know if Moneybox is a good company to open an ISA with?
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Anyone transferred a cash isa to Zopa?
A few weeks back someone posted that their transfer to Zopa had failed. Apparently this was due to a fault in Zopa's system whereby it couldn't accept an amount that differed to that declared during the opening process but on closing the transferring account, interest gets added thus resulting in a discrepancy between the…
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ISA Rules
Hi can anyone help with this question? I have a 1 year fixed rate isa maturing next month with the maximum £20,000, if I open a new one for this tax year for another £20,000 can I add my maturing one to it so would have £40,000 the new isa ??? Thanks Kevin
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Inheritance
If I pass away before my Isa ends, can my son claim the money without any problems?
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Zopa monthly ISA interest
I use my flexible Zopa ISA@5.08% as my EA account. It pays monthly interest. I know this does not count as part of my £8500 ISA allowance on this ISA which is what I have left of my £20K 24-25 ISA allowance. My balance did reach £8500 for a short while, before my first monthly interest payment. However, if I now want to…
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Trading212 - "Please note you have been classified as a retail client."? And can't transfer in!
Hi, So I looked at creating a new ISA account to transfer last years ISA over to, based on being the best easy access account on offer. Trading212 at 5.2% I have done the verification, but notice the email says "Please note you have been classified as a retail client." Is that normal? I've yet to Add Funds, as below, as I…
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Confused by best Lifetime ISA and transfers
I've got a Lifetime ISA with Skipton that I've had for 2 years - balance around £10,000. I'm looking to to transfer to get a better rate but I'm quite confused by the transfer offers out there. Moneybox have the best rate at 5%, but only for a year. Tembo offer 4.3% but a cashback bonus of up to £300, which their post says…
