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may to may cash isa
stlaurent
Posts: 1 Newbie
I purchased a cash isa from Barclays last May(08) and would like to know if I should withdraw it on April 5 and re-invest it in another isa for the full April-April year, or leave it in until it matures and transfer it then?
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Comments
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You'll have to give us a bit more info to be able to really advise. More details about the Barclays product is pretty much essential.0
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You'll have to give us a bit more info to be able to really advise. More details about the Barclays product is pretty much essential.
How is it?
OP you can keep your ISA now and open a new one on April 6th. You can deposit a further £3,600 into this new cash ISA on April 6th. You can then transfer the ISA you have at the moment elsewhere for a better rate.0 -
How is it?
OP you can keep your ISA now and open a new one on April 6th. You can deposit a further £3,600 into this new cash ISA on April 6th. You can then transfer the ISA you have at the moment elsewhere for a better rate.
Students do listen and learn.
£2 Coins Savings Club 2012 is £4.............................NCFC member No: 00005.........
......................................................................TCNC member No: 00008
NPFM 210 -
do not withdraw money or you will only be able to put any extra money into another isa this year, transfer isa and you will be able to put another 3600 in this year. i.e be able to invest 7200 by transfer in in total. 3600 if you withdraw.Mortgage Start jun 2007 £88500 Outstanding Balance £51000
Overpayments 2007 Nil 2008 £1040 2009 £7853 2010 £10000 2011 aiming for £18000 (6k so far)
The Early Bird Gets the Worm, but the Second Mouse Gets the Cheese!!0 -
The reason I asked for more information is that the OP's "may to may cash isa" might be a regular saving account whereby he is required to contribute so much a month and might be concerned about being tied into this going into the next tax year.0
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The reason I asked for more information is that the OP's "may to may cash isa" might be a regular saving account whereby he is required to contribute so much a month and might be concerned about being tied into this going into the next tax year.
My son has a fixed rate bond isa which runs from October to October, but the last payment you can pay in is before the end of this April's tax year. I'd assume this May to May is the same other wise it goes into two tax years.£2 Coins Savings Club 2012 is £4.............................NCFC member No: 00005.........
......................................................................TCNC member No: 00008
NPFM 210 -
The reason I asked for more information is that the OP's "may to may cash isa" might be a regular saving account whereby he is required to contribute so much a month and might be concerned about being tied into this going into the next tax year.
Oh right I see what you mean now! I ignored the title as it just confused me lol.0 -
I'd guess it's a tax haven ISA, 2.1% at the moment.
I'm moving mine into Natwest at 3.25%0
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