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More than 20k to save, can't get my head around ISA's.
I'm honestly absolutely clueless. I opened an ISA last November with 20k. As I understand it, I can now open a new ISA in this tax year. I am lucky enough to have another 20k to put in it. When November rolls around, what do I do with the first 20k? As I won't be able to open any more ISA's until the following April? I'll…
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Cash ISA help/advice needed please
Firstly apologises if this topic has been covered at some point. I have a Cash ISA thats been sitting with a provider for a good few years and matures on 16th April'24. Its fair to say its more than £50k. If I transfer all of this into a Stocks & Shares ISA, I think I can contribute another £20k for year 24/25. My question…
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Fixed ISA
Hi, I have a fixed 1 year ISA for 2023-2024 with Halifax which matures on 15th May. This has a balance of 23k. I want to open up a new ISA for 2024-2025 which I have 60 days to fund. I want to fund this instantly with 20k from my regular saving account. My question is, will I be able to do this and then make a request to…
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Consent.online
Hi, Just trying to open a cash isa with Shawbrook, even though they have all my details and nothing has changed for years, they sent me this message; ----------------------------------------------------------------------------------------------------------------------------- "We take your personal security and fraud…
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Instant Access Cash Isa
All of our ISAs so far have been fixed rate as we have never needed to get to them However we now want to open one where we can put money in, take out if needed and then replace later up to limit of course. I wonder if you kind people can advise best one and way to go about it. Thanks. M99
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ISA rules query
If I open an easy access ISA with X with new money, can I also open a fixed rate ISA with X by transferring in from another provider?
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Easy Access Cash ISA with variable rate and fixed bonus rate
If I open an Easy Access cash ISA that has a variable rate and a fixed bonus rate for a year am I right in assuming that the variable rate can still change over the course of the year and the fixed bonus rate is static. There are a few of these on Money Savings Expert so wondered if a fixed rate at a lower rate is the…
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Opening New ISA - transfer question
I am thinking of opening the Oaknorth 1 year fix currently offering 4.77%. It allows transfers in but does not state at application only. Does this mean I can open a new ISA then when my existing one with different provider matures in July I can port this over and the entire sum will earn 4.77 until the anniversary of…
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Advice on Fixed Rate One Year Cash ISA
One of my current fixed term cash ISAs is due to mature soon I can leave it in for an extra year at approx 0.5% less than best of the rest Or go for one of the best of the rest Currently looking at Shawbrook and Zopa Are there any issues with these I'd like to pay in £20k and transfer my maturing ISA Any others I should…
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Isa fixed rate period questions
Hypothetical question (if you had the money) - If you opened a 1 year fixed rate isa in say July for the maximum amount what are your options when the new tax year starts in April the following year? Obviously you don't want to touch the money whilst it's in it's fixed rate period. Is the best thing to wait until it…
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Paying into ISA yearly maximum
Simple question regarding paying into a Cash ISA. Does the £20,000 yearly limit include the interest you receive. e.g £2,000 interest received therefore I can only paying £18,000 this tax year?
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Help with cash ISA!
I am really confused about the tax free allowance and was hoping for some advice. I currently have around £19,000 in a cash ISA and £1000 in another cash ISA (Both from previous years) so if I consolidate into a new ISA this tax year does this mean I will be taxed as the interest I will get, will take me over the £20,000…
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lSA Rates fixed 12 month
The best keep disappearing within a day - is that normal? There was one @5% then 4.8 now it's 4.76?
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ISAs
Hi there, I had a few questions regarding ISAs: 1. Suppose I open a Cash ISA (1) next week and put in £10,000 in it. If I have a Fixed Rate ISA that matures in June 2024 worth £21000, can I transfer that into my this Cash ISA (provided it allows transfers-in after opening it)? If so, can I still put in £10,000 into my Cash…
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Is isa interest paid monthly into isa account compounded?
Hi there. My new smart cash isa with Zopa pays monthly interest into this isa account. I cannot find out anywhere if the interest earned and paid in each month is then compounded with the principal. Or is it only the principal amount which accrues interest? I do understand that any interest paid does not form part of my…
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Fixed 1yr ISAs where you can pay in throughout term
Are there any current fixed rate 1 year ISAs where I can pay in throughout the year term, including transfer in a cash ISA that matures in September 2024?
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ISA Query
Hi. I currently have £20,645.67 in my Virgin cash ISA. It is saying in a window on my account page that I have £20,000 of my allowance to use by 5th April? I thought 20K was the max and that the £645.67 over this would be taxable at my personal tax allowance rate if my total savings were over £1000? Anything else I need to…
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ISA Additional Permitted Subscription Error
Ive inherited my dead spouses ISA allowance, known as an Additional Permitted Subscription. I requested it be transferred to my own ISA. But the value of my partners ISA dropped by £500 when the transfer was done so I had to make up the difference. I called to do so and they said I can also use my APS allowance for any…
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A few basic ISA questions
Hi, sorry for the "noob" questions, but: - Can I still pay into last year's cash ISA - or only the one I open this tax year? - Can I open a stocks and shares ISA and a cash one this tax year? Thanks :)
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Top Junior ISAs guide: discussion
This is the discussion area for the Top Junior ISAs Please click reply to discuss
