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S&S ISA
I have stocks and shares isa with Virgin which is a footsie 100 tracker it is obviously doing very well at the moment my concern is when the footsie starts to go down so will my shares value my wife and myself are in our 70s I wonder if I should transfer to a cash isa either fixed or easy access at least that way I will…
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Allowance rules
I have £20000 in a fixed rate ISA that ends in July 2024. If the rate drops dramatically and I want to move that to a new ISA, I presume that is my £20000 allowance for the year 2024 or does it not count as its ISA to ISA - and I therefore have another potential £20000 allowance??
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ISA compound interest
I am about to open my first ever ISA.-for a fixed 5 year term. I’ve completed the online form with UBL as theirs was the highest interest. However I noticed in the bumpf it stated the ISA does not compound interest. Is this normal for ISAs -or are there some that do? Also the account opening is still pending -no funds…
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New ISA rules
So i put £17750 into a Paragon 5 year fixed cash ISA last month, so i have £2250 of this years allowance left. Can i put that anywhere or must it go in another Paragon account?
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How do Flexible (Easy Access) ISA's work with the New Rules (24/25) ?
I appreciate that Easy Access Flexible ISA's have previously given you the opportunity to: * Add in cash (into Easy Access Flexible) up to the ISA limit (£20k) * Take it all out again * Add back in (same account) within the same Tax Year (up to £20k) My question is, now that you can subscribe to multiple cash ISA's in the…
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Old child trust funds: reinvesting and sharing
Hi have 3 children aged 16 14 and 9. The older two have child trust funds which I’m in the process of locating. The younger one missed out as she was born too late. I’m trying to come up with ways to make this fair and equal for all of them and wondered about dividing the total amount across both trust funds by 3 then…
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ISA - Stocks and Shares
I have a Help 2 Buy ISA with Halifax, I understand you can now have as many Isa's as you want. I opened the 7% savings account with Co-op Bank, also Starling current account they only give interest up to 5k so I need to consolidate money elsewhere, also a small amount with Kroo, they give interest every month which is a…
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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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Question, Question, Question, Question
Question, Question, Question, Question
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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?
