Feeling really thick about ISAs
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Badger_Lady
Posts: 6,264 Forumite
OK, I've been saving £300 per month into my Barclays cash ISA for the last year - great So my fixed rate is coming to an end, and the man in the branch said "don't forget to apply for the next year's one", which I know is the best rate currently available anyway.
So do I have to apply for the new Barclays ISA before midnight tonight? What happens if I don't? Or, because I've already used my 2008/9 ISA allowance, am I safe to wait a couple of days?
I've been trying to hack into my own online banking, you see - it's just too difficult to circumvent so I'll have to go into a branch
So do I have to apply for the new Barclays ISA before midnight tonight? What happens if I don't? Or, because I've already used my 2008/9 ISA allowance, am I safe to wait a couple of days?
I've been trying to hack into my own online banking, you see - it's just too difficult to circumvent so I'll have to go into a branch
Mortgage | £145,000Unsecured Debt | [strike]£7,000[/strike] £0 Lodgers | |
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Comments
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Doesn't matter when you open it. As long as you don't pay into the old ISA (the one you have been paying into) from tomorrow.0
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Badger_Lady wrote: »So my fixed rate is coming to an end
Was that the Tax Haven ISA? It wasn't fixed rate but instead included a 1% bonus for the first year.0 -
I don't know, Brucey - but it doesn't really matter since I ended up spending two-thirds of it on emergencies :rolleyes: and it was my first ever ISA... therefore the £1200-odd sitting in it won't have had much difference in interest.
I'm hoping this will be a luckier year! (Again, unlikely since I currently have no sewarage service to my house and it seems to be down to me to pay for a 12 feet dig into a public highway to reconnect it...)Mortgage | £145,000Unsecured Debt | [strike]£7,000[/strike] £0 Lodgers | |0 -
The 09/10 ISA can be opened anytime after midnight tonight and before 5th April 2010.0
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I was about to ask this same question, I have another.
I have £3654 in my ISA for the current tax year, what shall I do with that? Im a better off moving it into my normal savings account or leaving it where it is? I presume I am still getting the same benefits post 08/09 on my 08/09 ISA (if that makes sense)?0 -
daveshoelace wrote: »I have £3654 in my ISA for the current tax year, what shall I do with that? Im a better off moving it into my normal savings account or leaving it where it is? I presume I am still getting the same benefits post 08/09 on my 08/09 ISA (if that makes sense)?
If your current provider is paying a poor rate, choose a different one that offers a better rate & accepts transfers, complete their transfer form and they will arrange the transfer of your old ISA for you. You can still pay your full 2009/10 allowance into whichever ISA you choose.0
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