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Get interest paid into or out of LISA?
Hi, is there any benefit to having the interest paid into vs out of the LISA please? I know interest earned on interest credited won’t be taxed, but there is no additional government bonus etc. so thinking it may be worth having it paid out for access reasons. I don’t currently pay tax. Thank you
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ISA Novice - Guidance please on cash in.
Hi, I opened 2 x Fixed Rate Cash ISAs in January with Shawbrook, it was my intention to add £20k to one of the ISAs on the 6th April. Just checked the rate and it is 5.01% and I know I could get a slightly better rate of 5.17% with Plum. Couple of questions in my mind. 1. It might take a few days longer than we have to…
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Virgin Money Cash ISA Question
Received an email from VM stating; We wanted to let you know on Sunday 24 March 2024, your Fixed Rate Cash E-ISA will mature. If we haven’t heard from you by 6pm on Saturday 23 March 2024, we’ll move your savings into our E-Access ISA, in line with your Savings Terms. This account pays a variable interest rate of 0.10%…
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Transferring previous years Cash ISAs into a Flexible ISA
I have a couple of previous years fixed rate cash ISAs where the term is coming to an end in November '24 (approx £44k inc interest earned). I would normally reinvest this in new fixed rate 2 or 3 year cash ISAs but want to use the money to support buying a new home around that time. I plan to open a new '24-'25 Flexible…
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Does anyone else use Trading 212 for their S&S ISA?
Hi Each year I invest my ISA allowance in passive index funds on the Vanguard platform. At the end of each tax year I then transfer these over to my iWeb account to store them. (there is zero platform fees on iWeb!) For a bit of fun I thought Id try a different trading platform. Perhaps Trading212. - Are there trading fees…
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ISA Question
I opened an easy access 2 year Isa in May 2023 with £20,000, which won't mature until until May 2025, so can I open another Isa in April of this year? Apologies if this has been covered elsewhere & TIA.
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ISA Query
Hi I changed my original ISA to a fixed term ISA that expires in November. I missed the deadline for paying into this fixed ISA so the only money added to it from tax year April 2023-24 is the interest. As I'm not allowed to add to this can I open another ISA elsewhere and pay in up to 20k before this April 6th and then…
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Cash ISA question
Sorry if this has been asked before but I have used my cash ISA allowance for 23/24 and want to open another for 24/25. Can I open it this year but not fund it until 6 April or do I have to wait until 6 April to open it?
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Flexible ISA - Transfer/Withdrawals
Hi All, Lets say on April 6th I open a Flexible Cash ISA and a Stocks and Shares ISA and fund each account with £10k using my 24/25 ISA allowance in full. I know with the Cash ISA I can withdraw and replace money as needed (up to the £10k) during the tax year. However, If I wanted to use this withdrawal to top up my S+S…
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ISA rules
Hello I am sure this question has been asked but just can’t find the thread so apologies in advance for asking again ! Below all relates to fidelity as platform provider I was contributing to a Fund A within ISA in this tax year . I sold a Fund outside of the ISA and transferred it to Fund B within the ISA. Please can you…
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Cash in S & S Isa
I opened a S & S Isa this tax year with approximately £6,000 of shares. I intend opening a cash Isa with £10,000 and putting cash in my S & S Isa to bring me to my allowance of £20,000 for this tax year (am aware there is not much time left to do this). Am I correct in thinking that if I leave the cash in my S & S Isa and…
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Cheapest S&S Lisa provider?
I appreciate there aren’t many options out there but struggling to find anything cheaper than Dodl at 0.15%, sound about right?
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Help with transfer please
I posted previously about having subscribed into a fixed cash Isa with 10K in October 2023 and was advised by the helpful folk here that if I wanted to maximise my allowance I needed to open a S&S Isa at the end of the tax year with cash and then transfer it elsewhere next year. I have opened the S&S ISa and the 10K will…
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16yo dual isa / adult cash isa
Hi there — I know that a 16yo can can dusk ISAs : a JISA as well as an adult cash ISA but I’m finding it hard to find a provider that will allow a 16yo to open an adult cash ISA. All that I’ve looked into you have to be 18+. Anyone know any that will allow 16+? thanks
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A question on 16 year olds, Junior ISAs and Adult Cash ISAs
Hi there, I'm trying to find a definitive answer to the following question as the web has given unclear answers: Can a 16 year old pay £9000 into a Junior cash ISA and £20,000 into a Cash ISA in the same tax year? In effect giving them £29,000 of tax free savings. Thanks for your help, Banana92
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Paragon 2 YR fixed rate cash ISA...
Hello All, I'm looking to open one of the above cash ISA's. I was planning to transfer my exisiting ISA savings from an existing account elsewhere. My plan was to have the interest paid monthly into another bank account. Whilst siging up for the account there was a statement effectively saying that if I transfer the…
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LISA for graduate in London
I'm startinga grad job, 50k a year, in London in september and currently have 10k of savings. Looking to live in London at some point, maybe commuting from home for a year or just under. I get I won't be able to buy straight away so will probably rent at first. My big question is is it worth my putting 4k in a LISA before…
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Coventry ISAs 2024/25
The new ISA regime is only days away but the Coventry Building Society is unsure what to do: Some providers may allow you to open multiple accounts with them in the same tax year. At Coventry Building Society, we're still considering the best way to embrace this new flexibility. Paying into an ISA you haven't paid into…
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Flexible cash isa query
If i have a flexible cash ISA of previous years subscriptions and withdrew £20,000 to current acc after 6 April 24, then put this £20,000 in a S&S ISA which i understand would be 24/25 allowance used (understand i could transfer to S&S ISA but needs to be new money)Can i then withdraw the £20,000 from the S&S ISA to…
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Cash ISA question
Hi people, Sorry if this is an obvious question but I've had my first ISA this year and am wondering about what happens when the new tax year rolls over. It is a variable cash ISA that's been funded with this years allowance, now when the 6th April passes am I free to put more in this existing ISA and if I did does that…
